Entries Categorized as 'Galaxy Entertainment'
April 19, 2007
Significant Milestones Achieved
Opens 4 Casinos Including Its Flagship StarWorld, Captures 22% Market Share, and Tops Out Galaxy Mega Resort Tower at the Cotai Strip.
Galaxy Entertainment Group Limited (”Galaxy”) today announces its full year financial results for the year ended 31 December 2006. Galaxy has capitalized on the fast growing gaming market in Macau to position itself as one of the dominant Casino Operators within the Macau gaming market.
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Posted in Cotai Strip, Galaxy Entertainment, Galaxy Grand Waldo, Galaxy Mega Resort, Galaxy Star World, Macau Business 
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January 26, 2007
Gaming and gambling activities in Macau posted gross revenues of 55.884 billion patacas (US$6.985 billion) in 2006, a rise of 22 percent against the figures for 2005, the Gaming Inspection and Coordination Bureau (GICB) said in Macau Monday.
Revenues from Macau’s 24 casinos totaled 54.998 million patacas, or 22.96 percent more than the total for 2005.
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Posted in City of Dreams, Cotai Strip, Crown Macau, Galaxy Entertainment, Galaxy Mega Resort, Grand Lisboa, James Packer, MGM Mirage, Macau Business, Macau Casino, Macau News, Melco Crown, STDM | SJM, Stanley Ho, Venetian Macao, Wynn Resorts No Comments »
January 4, 2007
As Macau will be busting at it’s seams, according to Forbes it is now the 3rd most congested city in the world, and we take note and like to make the following observation. Just let’s do the numbers here, 502,000 registered residents, about 100,000 workers, about 60,000 visitors a day, totals 682,000 people. Spread this out over 28.2 square kilometer that equals some 24,000 people per square kilometer, we now can see why Macau is busting at it seams.
And this is just the start, add another 100,000 workers at the Cotai Strip, the another expected 100,000 visitors per day, it may well become the number one most congested city in the world.
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Posted in Babylon Casino, Crown Macau, Economy & Business, Galaxy Entertainment, Grand Lisboa, MGM Grand Macau, Macau Business, Macau Casino, Macau General, Social and Politics, Stanley Ho No Comments »
October 23, 2006
Courtesy Bloomberg | Gaming taxes collected by the Macau government rose 13.4 percent in the first three quarters, as Chinese tourists flocked to the city following the opening of its first Las Vegas style casino in two-and-a-half years.
Direct gaming taxes collected from the city’s six licensed operators rose to 14.19 billion patacas (US$1.77 billion) in the first three quarters, compared with 12.51 billion patacas a year earlier, according to statistics released on the Financial Services Bureau Web site.
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Posted in Economy & Business, Galaxy Entertainment, Galaxy Star World, MGM Mirage, Macau Business, Macau Gaming, Macau News, Melco Crown, STDM | SJM, Wynn Macau, Wynn Resorts No Comments »
October 19, 2006
Contrary to earlier reports, it has been confirmed that Galaxy StarWorld has received its gaming license and will open as planned for business today.
As reported by Bloomberg - Galaxy Entertainment Group Ltd. opens its StarWorld casino in Macau tomorrow, posing another threat to Stanley Ho’s dominance in the city’s gaming industry six weeks after Wynn Resorts Ltd. opened a $1.2 billion hotel-casino.
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Posted in Cotai Strip, Galaxy Entertainment, Grand Lisboa, Lisboa Casino, Lui Chi Woo, Macau Business, Macau Casino, Stanley Ho, Wynn Macau, Wynn Resorts 2 Comments »
October 16, 2006
Development of Macau’s tallest hotel and casino, StarWorld Hotel, is opening October 19, 2006. Established at the center of Avenida de Amizade, the downtown Macau gaming hub and tourist centre is also only a mile away from the Macau Ferry Terminal, making it easily accessible by land, sea or air. Once complete, its striking design and modern facilities will make it a shining landmark towering over downtown Macau.
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Posted in Galaxy Entertainment, Galaxy Star World, Lui Chi Woo, Macau Casino, Macau Events, Macau Gaming 1 Comment »
October 10, 2006
And yet another story about Macau, but this time by Clifford Coonan from the Independent in the United Kingdom. It’s a very detailed article discussing mainly about casino’s and the characters behind it. Sadly he left Lui Chi Woo out, from whom we will hear a lot more about once his Galaxy Mega Resorts opens.
The dice are rolling hot on the tables of what was once a sleepy Portuguese colony. With millions of mainland Chinese high rollers arriving every year, developers in Macau are racing to turn the former enclave into Asia’s glittering gambling capital.
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Posted in Cotai Strip, Galaxy Entertainment, Grand Lisboa, Lui Chi Woo, Macau Casino, Macau Gaming, Sands Macau, Stanley Ho, Wynn Macau No Comments »
October 9, 2006
You must give it to these guys, Sheldon Adelson, Dr. Stanley Ho and Lui Che Woo all multi-billionaires, in their seventies and still going for it like there is no tommorrow! The compassion, energy and the brilliant minds of these guys is a joy to watch, good on them, there is no sitting on their butts for these guys!
Lui Che Woo spells out some interesting observations in this article about his US counterparts trying to make Macau into another Las Vegas!
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Posted in Galaxy Entertainment, Galaxy Macau, Galaxy Mega Resort, Galaxy Star World, Las Vegas Sands, Lui Chi Woo, MGM Mirage, Melco Crown, Stanley Ho, Wynn Resorts No Comments »
