Galaxy Entertainment Group celebrated its inclusion this week on the Nikkei Asia300 Investable Index, which is designed to recognize Asia’s biggest and fastest-growing companies.
Galaxy was one of 34 Hong Kong-listed companies to be included on the list, and the only Hong Kong gaming company.
A press release stated, “Participation in the Nikkei Asia300 Investable Index and Nikkei Asia300 Index marks a significant milestone in GEG’s history, as the company embarks upon its bid for an Integrated Resort license in Japan, and follows the company’s recent announcement of its plans to develop a world class eco-friendly resort in the Philippines.”
In December, Galaxy also touted its partnership with Société des Bains de Mer (SBM), the Monaco-based resort company, as it seeks an IR license in Japan.
Galaxy appears to be among those international operators such as Caesars and Hard Rock likely to bid for both major urban markets and regional locations in Japan.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.