Tagged Galaxy Entertainment Group

Galaxy Entertainment Group to continue with projects in Macau and Japan despite COVID-19 impact

November 10, 2020

Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Asian Casino News

While the COVID-19 pandemic has affected nearly every business around the globe, including the gambling industry, Galaxy Entertainment Group says existing expansion plans will continue. The company is still wor...

Melco Resorts and Entertainment Limited backs Japan immigration changes

Adam Morgan

December 8, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Japan, Licenses

In Japan, the boss for Melco Resorts and Entertainment Limited has reportedly declared that his firm could be forced to import up to 20,000 foreign workers if it was to be given the right to operate one of the ...

Foreign casino operators lobbying hard in Japan

Adam Morgan

August 22, 2018

Latest Casino and Gambling News, Casino proposals, Casino News, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan, a host of foreign gambling operators are reportedly going all out in hopes of securing one of the three casino licenses that are going to be made available following last month’s ratification of the I...

Wynn Macau issues “Special Bonus” to staff; Galaxy Ent urged to pony up

K Morrison

July 17, 2018

Latest Casino and Gambling News, Casino News, Macau, Labor Relations

Macau casino operator, Wynn Macau Ltd (1128:Hong Kong), announced recently that the lions share of its staff will be receiving a special bonus commensurate with one month’s gross salary. According to the off...

Adelson reigns as king on Forbes list of wealthy gaming investors

K Morrison

March 12, 2018

Austria, Latest Casino and Gambling News, Las Vegas, Macau, Singapore, Nevada

Forbes recently published its World's Billionaires list and a number of casino tycoons from the US and abroad rank among them. Despite descending one position in the overall ranking, Sheldon Adelson (picture...

Court rules LVS must go to trial in Macau concession case

Lars Jones

August 23, 2017

Latest Casino and Gambling News, Macau, Fines, Lawsuits & Litigation

Local media are reporting that Macau's Court of Second Instance has determined that Las Vegas Sands Corp (NYSE: LVS) must go to trial to defend an alleged breach of contract related to their 2002 gaming concess...

Galaxy Entertainment Group reports improved first-quarter results

Adam Morgan

May 4, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

Hong Kong-listed Galaxy Entertainment Group has released its unaudited financial results for the first quarter showing a 5% increase year-on-year in overall revenues to $1.81 billion alongside a 31% rise in ear...

Galaxy Entertainment and SBM team up to bring integrated resort projects to Japan

Renee Kingsley

March 30, 2017

Latest Casino and Gambling News, Japan, Macau, Monaco

Japan comes one step closer to the introduction of Integrated Resort projects with the news that the Macau-based operator Galaxy Entertainment Group (GEG) and Monte Carlo's Société des Bains de Mer (SBM) have i...

Phases 3 and 4 of Galaxy Macau will be mainly non-gaming facilities

Sadonna Price

March 28, 2017

Latest Casino and Gambling News, Casino project updates, Macau

The 2016 annual report was filed this past Friday by Galaxy Entertainment Group Ltd which revealed that Phases 3 and 4 of the Galaxy Macau will see virtually all of the floor areas used for non-gaming facilitie...

Macau junket promoter declared bankrupt

Lars Jones

March 24, 2017

Latest Casino and Gambling News, Macau, Bankruptcy

In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG) properties; one at StarWorl...

Macau government counters criticism on casino smoking ban stance

Adam Morgan

February 23, 2017

Latest Casino and Gambling News, Casino News, Macau

In Macau, the government has reportedly rejected allegations that it intends to bow to pressure from casino operators and keep smoker-friendly lounges while revealing that it has yet to come to a final decision...

Good year for Macau casino entrepreneurs

Adam Morgan

January 18, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

After suffering through 26 months of decline, the previous five months have seen the casino market in Macau post improvements in aggregated gross gambling revenues and this has reportedly helped some of the fig...

Galaxy Entertainment Group reports improved third-quarter performance

Adam Morgan

October 27, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Hong Kong-listed Galaxy Entertainment Group has released its unaudited financial results for the third quarter showing that it experienced a 5% increase year-on-year in overall revenues to $1.66 billion while r...

Galaxy Macau Casino Resort posts better-than-expected numbers

Martin Chua

October 5, 2016

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau

Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected customer numbers and expenditure over the first three days of the G...

Galaxy net profit available to shareholders $2.6 billion H1, up 26% year-on-year

Martin Chua

August 25, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Galaxy Entertainment Group (HKEx stock code: 27) seems to have mastered the difficult Macau market ahead of its competitors and was able to post impressive numbers in their Interim Results for 1H 2016. Perhaps ...