Wednesday, December 4, 2024

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Galaxy Entertainment sets memorial area to mourn Lui Che Woo 

Starting on Wednesday, November 27th, Galaxy Entertainment Group (GEG) will set up a memorial area in the Galaxy International Convention Center for team members and various sectors of the community to pay tribute to Lui Che Woo, GEG’s Founder and Chairman.

Galaxy’s strong finances fuel growth in Macau and potential entry into Thailand: CBRE

Galaxy Entertainment Group (GEG) is well-positioned to 'invest heavily' in growth opportunities in Macau and potentially other jurisdictions, such as Thailand, while still returning capital to shareholders through dividends, says CBRE.

Galaxy sees $2.57B in GGR during 1H24, with profit up 52% yearly

Galaxy Entertainment Group has reported a 52 percent increase in net profit for the first half of 2024, totaling over $564.7 million, on the back of a revenue increase of 37 percent yearly, to $2.76 billion.

Galaxy Entertainment announces new Capella Hotel to open in mid-2025

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

Morgan Stanley cuts Galaxy’s earnings outlook due to market share loss

The investment bank Morgan Stanley has lowered Galaxy Entertainment’s earnings forecast due to market share loss.

Galaxy triples marketing team amid premium mass competition

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

Galaxy all-in in mass and entertainment, Phase 4 to open in 2027 – CFO

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.

Macau January GGR results boost 2024 forecast to $29B

After Macau’s gross gaming revenue hits the second-highest daily run-rate since reopening, investment bank Citigroup raises the 2024 GGR forecast by 7 percent to $29 billion.

Galaxy Entertainment’s Phase 3 aims to create a cultural landmark in Macau

Macau gaming operator Galaxy Entertainment Group (GEG) officially opened Phase 3 on Wednesday, with the goal of establishing a new cultural landmark in the gaming hub.
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Galaxy Entertainment’s COO Kevin Kelley: continuing to work with junkets, expansion of ETGs, no plans for other Asian IR

Galaxy Entertainment Group’s COO, Kevin Kelley, says that the group is firmly focusing its efforts on Macau – not currently placing boots on the ground in new emerging markets such as Thailand and the UAE.

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