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Business
December 31, 2024
Macau Concessionaires Unveil Bonuses for Employees
Several operators in Macau have unveiled special discretionary bonuses for most of their staff. As of the time of this writing, most of the concessionaires have announced similar bonuses, affecting thousands of workers. Wynn Thanked Its Employees for Their Incredible Contributions Among others, Wynn Macau unveiled a bonus equivalent to one month’s salary for the […]
Industry
November 12, 2024
Galaxy Entertainment Group Chair Lui Che Woo Passes Away
Galaxy Entertainment Group (GEG), a company that operates casinos and hotels in Macau, has announced with a heavy heart that its chairman and founder passed away. The company added that it doesn’t expect the unfortunate event to have an impact on its operations. GEG Bid Farewell to a Great Leader According to the announcement, Dr […]
Casino
April 25, 2024
Galaxy Macau Teams Up with Capella Hotels and Resorts for a New 5-Star Hotel
Galaxy Entertainment Group, a market leader in gaming and hospitality, has formed a historic partnership with Capella Hotels and Resorts, the best hotel brand in the world, according to Travel + Leisure Magazine. As a result, the former company’s Galaxy Macau property will become the home of the first Capella property in The Greater Bay […]
Business
February 28, 2024
GEG Posts Favorable Q4 Results, Underpinned by Macau’s Recovery
Gaming and hospitality giant Galaxy Entertainment Group (GEG) has published its Q4 results, illustrating an optimistic outlook for the company’s business. According to chair Dr Lui Che Woo, the company is well positioned for further growth. In Q4, GEG reported net revenue of HKD 10.3 billion ($1.3 billion), showing a spectacular 254% increase year-on-year. Adjusted […]
Business
February 21, 2023
Galaxy Entertainment Group Appointed Ted Chan as CFO
One of Macau’s casino concessionaires, Galaxy Entertainment Group (GEG), announced a major change in its executive team with the departure of Robert Drake whose role as Chief Financial Officer (CFO) will be assumed by Ted Chan. Extensive Financial and Operational Experience The appointment of Chan as Galaxy Entertainment’s new CFO will take place after a […]
Casino
November 11, 2022
Galaxy Entertainment Group: Q3 Impacted by Casino Closures
Galaxy Entertainment Group (GEG) filed to the Hong Kong Exchange an announcement on certain unaudited key performance indicators for the quarter that ended on September 30, 2022. Revenue Slumped, Outperformed Industry GEG’s announcement revealed that the company and its subsidiaries registered in the third quarter of 2022 group net revenue of HK$2 billion ($255 million), […]
Business
August 12, 2021
Galaxy Entertainment Group’s Mass Gaming Increases Its 2Q21 GGR
The gross gaming revenue (GGR) that Galaxy Entertainment Group (GEG) made in the three months to June 30, 2021, is $638 million. Compared to the GGR in the same period last year, it is increased ten times. Additionally, it is 3.5% higher than the GGR in Q1. Small Declines Were Recorded in VIP Win GEG’s […]
Casino
May 18, 2021
Galaxy Entertainment Bows out of IR Race in Yokohama
When Japanese lawmakers first approved an initiative to bring casinos to the country by way of integrated resorts (IR), there was no shortage of interest on the part of gaming operators around the world. However, as time has progressed and COVID-19 wreaked havoc on the gaming industry, that interest has waned somewhat. Several big names […]