Galaxy Entertainment Group has officially opened its new 700-room Andaz Hotel - the largest of the brand worldwide - in Macau on September 15th.

Andaz Hotel, a luxury hotel part of Cotai casino resort Galaxy Macau, is planning its official opening on September 15th, following the launch of Raffles Hotel in the same integrated resorts (IR) in mid-August.

Macau gaming operator Galaxy Entertainment Group has announced a new partnership with operator Capella Hotels and Resorts to launch its first property in Macau.

UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.

Extreme hotel price hikes during the Chinese New Year (CNY) holiday may no longer be a concern in Macau, given the increasing inventory and rational consumption trends.

In the latest investment memo published by Deutsche Bank, analyst Carlo Santarelli notes that Macau gaming operator Sands China, which has been the market share leader, is facing new challenges regarding rivalry in both gaming market share and hotel room inventory.

Gaming operator Galaxy Entertainment Group has initiated the soft opening of its new Raffles Hotel hotel in Cotai today. The all/suite hotel is a partnership between Galaxy with Accor and Raffles Hotels & Resorts, and features 450 suites.

After seeing the local staffing shortage worsen, Raffles Hotel at Galaxy Macau will not be ready for its planned opening date before the Labor Day Golden Week. 

The management of Galaxy Entertainment Group underlined its strong belief in the "future of mass gaming and entertainment" as the main focus sectors for the gaming operator, while confirming that the development of Galaxy Macau's Phase 4 is 'well underway' and scheduled to be completed in 2027.

Given Galaxy Entertainment Group's strong financial position, Jefferies expects the operator to increase its dividend payout ratio for the first half of 2024.