Friday, June 14, 2024

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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.

Galaxy Entertainment announces a 2.5 percent pay raise starting April

Galaxy Entertainment Group (GEG) has declared a pay raise for eligible team members at the Senior Manager grade and below, effective from April 1, 2024.

Various factors dragged Galaxy Entertainment’s 4Q23 performance down: Goldman Sachs 

Both the VIP and mass-market segments, along with higher costs incurred for new hotel openings and sponsorship events, are factors that dragged Galaxy Entertainment Group's (GEG) 4Q23 performance, according to investment bank Goldman Sachs. 

Galaxy Entertainment announces discretionary bonus for employees

Macau gaming operator Galaxy Entertainment Group (GEG) has announced a '2023 discretionary bonus' for its employees, equivalent to one month's salary and guaranteed tips (if applicable). The bonus is set to be awarded to eligible team members at the Senior Manager grade and below.

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.

Daily Asia Gaming eBrief: Galaxy Entertainment delivers, with net revenue at $1.24 billion

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.

Your Daily Asia Gaming eBrief: Galaxy Entertainment negates plans for Boracay casino project

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.

DigiPlus founder pushing Galaxy Entertainment to revamp $500 million Boracay resort plan

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.

Your Daily Asia Gaming eBrief: Galaxy Entertainment: On Track for Pre-COVID Levels

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.