Good Morning. While Macau is king, it is truly an Asian market. And nobody understands this more than Galaxy, who are now undergoing a board shift, bringing on Thomas Arasi as CFO, leveraging his decades of experience and also his insight into markets far beyond Macau. Looking at acquisitions, Genting’s buyout of its subsidiary could significantly boost earnings, if everything plays out well, say analysts. And back to Macau, GGR growth is likely trending down, with analysts slashing projections due to weather and soft play during Golden Week.
What you need to know
- Galaxy Entertainment Group announced that CFO Ted Chan will step down later this year, with Thomas Arasi taking over.
- Genting’s $1.6B buyout of Genting Malaysia could raise earnings by up to 51% if US catalysts are realized, Maybank says.
- Macau’s October GGR outlook slashed to 3–6% YoY growth by JP Morgan amid soft Golden Week and typhoon impact.
On the radar
- Osaka to redevelop Expo 2025 site into major tourism and leisure hub.
- Okada Manila operator flags strong third-quarter results, driven mostly by VIP.
- US seizes billions in Bitcoin from Cambodian businessman.
AGB Intelligence
MACAU
Ted Chan to step down, Thomas Arasi taking over as Galaxy CFO
Big changes are afoot in the world of integrated resorts. Galaxy has announced a significant change in its operating structure, with long-time gaming veteran Thomas Arasi set to assume a new role as CFO, replacing Ted Chan. While Arasi and Chan are meant to work together to smooth over the transition, the change brings a different feel to one of Macau’s top gaming operators, lending merit to extensive overseas leadership that can craft a new era for Macau’s gaming scene.
Corporate Spotlight
90-Day Playbook for Winning Asia’s Gaming Market | GR8 Tech
Every operator can launch, but few can lead. In Asia, leadership is won in the 90 days after go-live, when payments feel effortless, content resonates locally, and every touchpoint builds trust.
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