Tuesday, July 16, 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.

Morgan Stanley cuts Galaxy’s earnings outlook due to market share loss

The investment bank Morgan Stanley has lowered Galaxy Entertainment’s earnings forecast due to market share loss.

Galaxy triples marketing team amid premium mass competition

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

Galaxy all-in in mass and entertainment, Phase 4 to open in 2027 – CFO

The management of Galaxy Entertainment Group underlined its strong belief in the "future of mass gaming and entertainment" as the main focus sectors for the gaming operator, while confirming that the development of Galaxy Macau's Phase 4 is 'well underway' and scheduled to be completed in 2027.

Macau January GGR results boost 2024 forecast to $29B

After Macau’s gross gaming revenue hits the second-highest daily run-rate since reopening, investment bank Citigroup raises the 2024 GGR forecast by 7 percent to $29 billion.

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.

The two-day MGS Entertainment Show draws 3,500 attendees from 20 countries and regions to Macau

The two-day 2023 MGS Entertainment Show concluded last Wednesday in Macau, drawing nearly 3,500 attendees from 20 countries and regions.
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Suppliers and Operators Shine at MGS Entertainment Show

Operators, suppliers and industry professionals came together for an intense two days to share insights, outlooks, predictions and experience at the MGS Entertainment Show. Back in person for its first time in four years, the event at Galaxy's new International Convention Center (GICC) featured a summit on its first day followed by an exhibitor day, with participants sharing their knowledge with AGB on everything from land-based gaming to PIGOs and slots - with a special focus on electronic table games (ETGs).

Macau gaming operators highlight challenges of investment returns amongst changing environment

Macau's six gaming operators highlighted the challenges they're facing in achieving significant returns on their investments - particularly for non-gaming, as they follow-up on their pledges under their new gaming licenses and adapt to changing market conditions - while still aligning with demand.