Thursday, December 7, 2023

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Galaxy partners with Tencent’s music arm to leverage entertainment at its arena

Galaxy Entertainment Group has announced a strategic partnership with Tencent’s music arm, TME Live, to co-organize ‘a vast range of exciting performances an entertainment extravaganzas, both in-venue or online’.

Galaxy Macau’s 3Q23 performance soars to 121 percent of 2019 levels

Galaxy Entertainment Group (GEG) announced an encouraging third quarter of 2023, with net revenue rising to HK$9.7 billion ($1.24 billion), representing a 374 percent year-on-year increase.

Galaxy Entertainment officially opens Andaz Hotel in Macau

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

Galaxy Entertainment Group sees net revenue reach $1.1 billion in 2Q23

Galaxy Entertainment Group (GEG) announced an encouraging second quarter of 2023, with net revenue rising to HK$8.7 billion ($1.1 billion), representing a 257 percent year-on-year increase and a 23 percent quarter-on-quarter increase.

Galaxy holds Raffles Hotel soft opening

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.

Galaxy Macau to open the world’s largest Andaz Hotel 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.

Raffles Hotel at Galaxy Macau soft opening by mid-August: Official

Raffles Hotel, a luxury hotel part of Cotai casino resort Galaxy Macau, is planning its soft opening on August 16th.  The news was shared on Wednesday on the Galaxy Entertainment Group (GEG) 's Facebook page.

Galaxy Entertainment Group sees adjusted EBITDA reach $244mln in 1Q23

Galaxy Entertainment Group (GEG) has announced a strong first quarter of 2023, with adjusted EBITDA rising to HK$1.91 billion - $244.22 million - (reversing a loss in the previous quarter), as net revenue rose by 72 percent yearly and 142 percent quarterly to HK$7.05 billion ($901.45 million).

Raffles Hotel at Galaxy Macau’s opening postponed due to labor shortage

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. 

Your Daily Asia Gaming eBrief: Galaxy records $439 million loss in 2022

After the sunshine comes the rain. At least that's the attitude of Galaxy's Chairman, who notes he is "optimistic" about the company's ongoing recovery in 2023, even after it posted a $439 million loss last year.