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.
Galaxy Entertainment continued to see strong returns in the third quarter, with revenues up 374 percent yearly, topping $1.24 billion. The results reflected the overall upturn of the Macau market, and support its ongoing build out within Cotai.
Despite attempts by the founder of Philippine gaming operator DigiPlus Interactive to restart talks on the development of a casino on Boracay island, Macau gaming operator Galaxy Entertainment Group has firmly denied that it will be involved in the project. Galaxy appears firmly focused on its Macau operations, ramping up its new phases and focusing its investment on its primary income source.
The founder of former Leisure and Resorts World Corporation (LRWC), Alfredo Benitez, says that he intends to go ahead with the stalled $500 million casino-resort on Boracay island, in the Philippines, alongside Macau-based gaming partner Galaxy Entertainment Group.
Macau continues to roar back, with Galaxy Entertainment set to hit pre-pandemic levels, as its Phase 3 opening drives increased revenue and visitation to the property. Meanwhile, the long-lost Macau Legend has announced its decision to divest of its assets in Cambodia and Cape Verde, cementing its future in Macau, for better or worse.
Macau casino operator Galaxy Entertainment Group (GEG) is set to help revitalize Lai Chi Vun, the old shipyards in Coloane.
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 (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 Entertainment Group (“GEG”) proactively supports the Macau SAR Government’s policy of “Building Macau through Talent Training” through multi- pronged approaches to support holistic development and priority employment of local talents and to contribute to the sustainable development of the integrated resort industry.
Lui Che Woo, Chairman of Macau gaming operator Galaxy Entertainment Group (GEG), says that he respects the authorities' decision to effectively shut down all junket room business in the city, as “the business is no longer recommended by local government”.