We are pleased to announce that Mr Francis Lui, Deputy Chairman of Galaxy Entertainment Group (GEG), is confirmed to give the keynote address at AiG this year. Mr Lui has a unique vision for GEG and attributes the company’s success to the fact that it is owned and operated by Chinese and has a thorough background in hotel management and real estate development. The year-old StarWorld Hotel & Casino in Macau is testament to that.

But what about the group’s online ambitions? How does he see the future for land-based casinos getting into the online space? And what of the outlook for Asia?

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Posted in Cotai Strip, Exhibition, Galaxy Entertainment, Galaxy Star World, Macau Business, Macau Casino, Macau Events, Venetian Macao No Comments »

This is an interesting interview listening to a local about the Macau casino business from a Chinese perspective, after all this is their home turf!

Q. Naysayers back in the 1990s said the same about Las Vegas — that few would splurge on fancy meals or expensive hotel rooms. But the big casinos in Las Vegas now earn more than half their revenues from non-gambling sources.

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Posted in Galaxy Entertainment, Galaxy Mega Resort, Galaxy Star World No Comments »

Bruno Senna wants to turn this weekend’s 25th Macau Formula Three Grand Prix into a special celebration for his family - by repeating the famous victory of his uncle in 1983.

Ayrton Senna triumphed in that first F3 race on the Guia circuit and Bruno has made no secret of the fact that he is returning to the category to stage a repeat at the anniversary event.

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Posted in Galaxy Entertainment, Galaxy Star World, Grand Prix of Macau, Hotel Macau, Macau Casino, Macau Events No Comments »

Galaxy Entertainment Group has sold 20% of its business to the private equity firm Permira for about US$840 million, as it wishes to take a stake in what is now the world’s largest gambling arena.

The equity firm has said it will be paying HK$6.5 billion for a 20 percent stake in Galaxy Casino’s company, which now is building the second largest casino in the world, the GalaxyWorld Resort.

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Posted in Cotai Strip, Galaxy Entertainment, Galaxy Mega Resort, Galaxy Star World, Las Vegas Sands, Macau Business, Macau Casino, Wynn Resorts No Comments »

Galaxy Entertainment’s CFO, Nigel Morrison, discusses the flagship StarWorld property and the company’s strategy for capitalising on Macau’s booming gaming market.

Nigel Morrison joined Galaxy Entertainment as chief financial officer earlier this year, attracted by the opportunity of a lifetime to be at the forefront of the industry, work with new technology, grow market share and build new businesses.

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Posted in Cotai Strip, Galaxy Entertainment, Galaxy Mega Resort, Galaxy Star World, Macau Business, Macau Casino No Comments »

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 No Comments »

There is definitely a construction slowdown in Macau. The main problem seems to be getting highly qualified specialist contractors, such as interiors, finishing and joinery of which there are few in Macau, and they are all fully booked for the next few years ahead.

Wynn Macau

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Posted in Casino Ponte 16, Construction, Cotai Strip, Crown Macau, Galaxy Star World, Grand Lisboa, Wynn Macau No Comments »

Our friend Jeff Simpson of the Las Vegas Sun a few days ago had an interview with Steve Wynn of Wynn Resorts.

The interview lasted 2 1/2 hours and he was very upbeat on how Wynn Macau was going despite the opening of the Galaxy StarWorld a few blocks away. An another interesting note was that his Wynn Macau quick serve food outlets did not do well, but his top class restaurants were thriving!

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Posted in Galaxy Star World, Macau Casino, Macau News, Steve Wynn, Wynn Macau, Wynn Resorts No Comments »