Ted Chan boosts Japan development team

Galaxy Chief Operating Officer for Japan Development, Ted Chan, has further strengthened his team on the ground with the appointment of IR industry veteran, Ragheb Dajani, as head of planning.

Dajani has over thirty years experience in IR development, specializing in luxury residential, hospitality, and IR design, including his work on the Atlantis Bahamas and Atlantis at the Palm, Dubai.

This addition comes on top of the strengthening of the Galaxy team that was unveiled in April. Aside from Chan himself, that included luring Satoshi Okabe away from Dentsu to assist with government and community relations support and the hiring of James Takagi to bolster financial analysis and consortium building.

With Michael Mecca, Jeremy Walker, and Yukio “Mike” Isa still on the team as well, Galaxy now possesses one of the most muscular ground games among the international IR operators in Japan.

In an exclusive interview with AGB, Chan explains that his team is still at an early stage in terms of developing its Japan strategies. The passage of the IR Implementation Act leaves many of the crucial, practical policy details unanswered, and clarification will be needed for many aspects of planning.

For now, Galaxy remains flexible. It is willing to look at IR projects in both major urban and regional markets, and is willing to consider consortium arrangements that would put it in either a majority or minority equity position.

Chan himself had a long gaming industry career at Melco, and is widely regarded as a capable manager. His jump to Galaxy was facilitated by his strong personal rapport and respect for Vice-Chairman Francis Lui, as well as the strength of the company as a whole.

“I think we are very positive about Japan,” Chan concludes, “Japan together with China in this region are the second and third economies in the world. We see great potential in terms of the market.”

SHARE
Previous articleMGM aims for Osaka: Murren
Next articleSBTech partners with LeoVegas

Related Articles

Macau operators make CSR push amidst coronavirus crisis

As the Covid-19 crisis descended upon, first, China, then the world, the six Macau operators have not been idle in their CSR efforts, in spite of the mandated casino closures and reopenings under difficult economic conditions.

Macau’s CSR drive – with one eye on Beijing?

Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.

Macau operators’ Q3 EBITDA loss to narrow to US$823 million

Macau's six operators are expected to post a collective EBITDA loss of $823 million for Q3, improving from a loss of $1 billion in Q2, according to a Bloomberg poll of analysts.

Galaxy reiterates commitment to Japan IR bid

Ted Chan, Galaxy Entertainment’s COO for Japan, has welcomed the shift in the national IR development timeline and reiterated his firm’s intention to make a bid.

Macau visitor numbers seen falling 87% in 2020: MGTO

Macau’s visitor tally for 2020 could see a year-on-year decline of over 90%, having already witnessed a decline of 87% in the first eight months, according to the Macau Government Tourism Organization.
China economy bounces back, but spending numbers a concern

China economy bounces back, but spending numbers a concern

While most of the world continues to grapple with the economic fallout from Covid-19, figures released Monday indicate China has left the worst of the pandemic behind, with gross domestic product growth of 4.9 percent in Q3.
A Golden Week like no other – Few visitors and little gambling

A Golden Week like no other – Few visitors and little gambling

The numbers are in and they’re not pretty. The key Golden Week holiday didn’t produce the much-anticipated shot in the arm for Macau’s gaming industry, although they did highlight some noteworthy underlying trends that may drive longer-term performance. 

Macau casinos ripe for digital yuan adoption?

Macau might have an important role to play in the launch of China’s digital yuan if the city’s casinos adopt the currency instead of the Hong Kong dollar, according to analysts. China is accelerating the launch of the digital yuan in the Greater Bay Area with a special pilot in Shenzhen.

Macau casino stocks hit by fears of China legal revisions

Macau-related casino stocks took a hit on the news that China's legislature was reviewing an amendment to the country's criminal law that could establish a new criminal definition for overseas gambling operations aimed at luring Chinese citizens.

Galaxy declares no affiliation with online gambling

The Galaxy Entertainment Group (GEG) issued a statement this week distancing itself from all forms of online gambling and warning its customers to be wary of false claims to the contrary. “GEG and all of its properties (including Galaxy Macau, Broadway Macau, and StarWorld Hotel),” the statement read, “have no affiliations with any online gambling […]