Galaxy Entertainment Group Chairman Francis Lui Yiu Tung said the company is “firmly focused on accelerating Phase 4 development” in 2026, as part of a broader strategy to expand non-gaming offerings and strengthen its position in high-value segments, according to the operator’s latest annual report.
Francis Lui outlined, in his chairman’s message in the operator’s latest annual report, that the group will prioritize advancing its development pipeline while enhancing the appeal of existing resorts and expanding entertainment-driven attractions. The plan comes as Macau continues its post-pandemic recovery and pushes for greater economic diversification beyond gaming.
“Looking ahead to 2026, we remain firmly focused on accelerating Phase 4 development… and further expanding our non-gaming offerings — from mega shows to international events,” Francis Lui added.
The strategy builds on Galaxy’s recent progress in capturing higher-value segments, particularly premium mass and super-premium mass customers. The launch of the Capella property in early 2026 has strengthened the company’s ability to scale in these segments, reinforcing what Lui described as ‘Galaxy’s leadership in the high-value market’.
On the financial front, the company reported solid growth in 2025, with adjusted EBITDA rising 19 percent year-on-year to HK$14.5 billion ($1.85 billion), while net profit attributable to shareholders increased 22 percent to HK$10.7 billion ($1.37 billion). The group also maintained a strong liquidity position, with HK$36.3 billion ($4.64 billion) in cash and liquid investments, supporting both shareholder returns and future expansion.
Non-gaming initiatives remain a key pillar of Galaxy’s strategy. In 2025, the company hosted around 350 concerts, entertainment shows, sporting events, and major gatherings across its properties, leveraging venues such as Galaxy Arena and the Galaxy International Convention Center. These events attracted large audiences from Mainland China and overseas, contributing to increased visitation and incremental revenue streams.
Lui also highlighted broader market recovery trends, noting that Macau’s gross gaming revenue rose 9 percent in 2025, while total visitation reached a record 40.1 million, supported by policy measures easing travel for mainland visitors.
The group said it remains optimistic about the outlook, citing anticipated policy backing and sustained investment in tourism and cultural initiatives to enhance Macau’s international positioning.
