Galaxy was founded in 1988 by Lui Che-Woo and is one of Asia’s leading developers and operators of integrated entertainment and resort facilities, as well as a member of the Hang Seng Index. It was awarded a concession to operate casinos in Macau in 2002 and entered the market in 2004 with the opening of the first of four City Club Casinos, the Casino Waldo. The company now owns the five-star StarWorld Hotel and Casino on Macau Peninsula, opened in 2006, and opened the first phase of its Galaxy Macau integrated resort on Cotai in May 2011. Four years later, Galaxy opened the doors of the greatly-expanded Galaxy Macau resort and the Broadway Macau.
Galaxy Entertainment Group is seeking opportunities in both the major urban as well as the regional markets. In this quest it has been gathering partners, including Société des Bains de Mer, the owner-operator of the Monte Carlo Casino, and the Tokyo Okura Hotel.
Family Name: Lui
Given Name: Che-Woo
Profile: Lui is a now-elderly Chinese billionaire who founded both the Galaxy Entertainment Group and K. Wah International Holdings. His business empire focuses on sectors such as construction and real estate. Galaxy was one of the original concessionaires in Macau.
Family Name: Lui
Given Name: Francis Yiu Tung
Profile: Francis Lui is a son of K. Wah International Holdings and Galaxy Entertainment Group founder Lui Che-Woo. He is the deputy chairman of the Galaxy's Executive Board, Nomination Committee and Remuneration Committee, as well as the chairman of Corporate Governance Committee.
Family Name: Chan
Given Name: Ted
Role: Chief Operating Officer for Japan Development
Profile: Chan had a long gaming industry career at Melco before jumping to Galaxy. This was facilitated by his strong personal rapport and respect for Vice-Chairman Francis Lui. He now has overall responsibility for Galaxy's campaign to win an IR license in Japan.
Family Name: Walker
Given Name: Jeremy
Role: Vice-President for International Development
Profile: Walker joined the Galaxy Entertainment Group as its vice-president for international development in February 2017, and has since played an active role in the company's efforts to gain an IR license in Japan. He previously worked on Hong Kong-based business development for the public relations firm Golin.
Family Name: Mecca
Given Name: Michael
Role: Non-Executive Director
Profile: Prior to joining Galaxy in March 2009, Mecca held executive positions for Planet Hollywood Resort & Casino and the predecessor company to Caesars Entertainment. He originally served as president and COO of Galaxy Entertainment, but since May 2018 has been a non-executive director, mainly dealing with the company's relationship with its European partner, Société des Bains de Mer.
Family Name: Isa
Given Name: Yukio "Mike"
Profile: Isa worked for many years in the hotel industry working for the Hyatt group in various capacities, eventually becoming Vice-President of Hyatt Japan. It was from that position that the Galaxy Entertainment Group appointed him head of its Japan office. With the changes in May 2018 that put Ted Chan at the lead of the Japan effort, he became an adviser.
For those who believe that MGM Resorts has already tied up an IR race victory in Osaka, Galaxy Entertainment would beg to differ, holding a press event in the city on Wednesday and making their local pitch.
The official announcement by Mayor Fumiko Hayashi that Yokohama would enter the IR race in earnest has set off a scramble among major IR operators, with Las Vegas Sands announcing that it was completely abandoning its efforts to partner with the Osaka government and Melco announcing its intention to open a Yokohama office with a new executive in charge.
Galaxy Entertainment has announced a new three-week program which will bring students from Toyo University, Kyoto Sangyo University, Fukuoka University, and Okura Nikko Hotel Management to Macau for training about the IR industry.
Galaxy Entertainment posted flat adjusted EBITDA for the April-June 2019 period, as well as lower revenue, but the results nevertheless topped analysts’ forecasts, helped by higher hold.
The Galaxy Entertainment EuroJapan Cup drew 65,000 soccer fans to watch the friendly match between the English Premier League 2019 Champions Manchester City and Japan’s Yokohama F. Marinos, which the English team won 3-1.
Melco Resorts & Entertainment has entered into its first sports partnership in Japan by becoming a sponsor for the Yokohama F. Marinos J1 League football club.
In celebration of its 45th anniversary, Galaxy Entertainment is hosting the “Hello Kitty Hello Again” exhibition at Broadway Macau from July 18 to September 1.
Expanding its outreach to Japanese society through sports, Galaxy Entertainment announced that they will host the “Galaxy Entertainment Junior Soccer Cup.”
The six major IR operators in Macau are directly employing more than 108,000 people as of 2018, according to a survey made by Macau Business magazine.
The University of Macau organized an event on Saturday at a hotel in Ikebukuro, Tokyo, to pass along to a Japanese audience Macau’s experience in developing an IR industry.
It has recently become possible to understand with increased clarity which IR operators will be bidding for Japan’s two major markets—the Kanto and the Kansai—and where each of them are now focusing.
Galaxy’s Chief Operating Officer for Japan Development Ted Chan doesn’t believe in being the loudest international IR operator in Japan, but as he explained to AGB Nippon in an exclusive interview, he does believe in a step-by-step, careful approach that brings real strength when it comes time to make a move.
Galaxy Entertainment saw its results weighed down by a challenging VIP segment in the January-March 2019 period, with the high-roller focused segment falling 25% year-on-year.
Macau-based IR operator Galaxy Entertainment announced on Wednesday that they will sponsor the annual “EuroJapan Cup” for two consecutive years beginning this summer. Within this framework, English Premier League champions Manchester City Football Club will play the Yokohama F. Marinos at Yokohama’s Nissan Stadium on July 27.
Macau’s Galaxy Entertainment, which is teaming up with Monaco’s Societe des Bains de Mer for a license bid in Japan, reported solid 2018 profits, driven by higher-market mass market gamers.
Galaxy Entertainment, which is teaming with Monaco’s Societe des Bains de Mer for a casino license bid in Japan, is strengthening its cultural ties with the principality with an art and cultural collaboration on the life of Grace Kelly.
The Wakayama IR Business Connect Seminar was held on the late afternoon of the 19th and was successful in drawing interest from a large cross-section of the local business community, as well as domestic and international media.
The upcoming Wakayama IR Business-Connect Seminar has been fully subscribed, attracting over 200 companies from the Wakayama as well as greater Kansai Region.
Galaxy Entertainment Group and Melco Resorts & Entertainment were recognized at the 12th International Gaming Awards held in London last week.
Andrea Domingo, head of the Philippines’ gaming regulator, said she hopes the president can relax his ban on new casino licenses, fearing the country would lose out on lucrative foreign investment, according to a report from Bloomberg.
The Nihon Keizai Shinbun’s high-powered IR Forum in Tokyo drew more than six hundred guests, not including the many others who reportedly had to be turned away by an excess of applications. The event brought together government officials, IR operators, analysts, and others for an intensive day-long event last Wednesday.
Galaxy Vice-Chairman Francis Lui led a roundtable event with Japanese journalists in Tokyo on Tuesday, explaining his company’s interest in the Japanese IR market. As he spoke, he was flanked by Ted Chan, chief operating officer for Japan development, and Satoshi Okabe, general manager of the Japan office.
The four Asia-based IR operators aiming for a license in the Japanese market—Galaxy, Melco, Genting, and Bloomberry—posted mixed results in the July-September period, even as predictions of a slowdown in the Asian gaming industry abounded.
Galaxy Entertainment told the South China Morning Post in an email that it believes its planned project for an IR would be a “good fit” for the new Boracay.
Some of Macau’s operators on Wednesday celebrated the first trips across the new Hong Kong-Macau-Zhuhai bridge, which is expected to drastically improve accessibility to the gambling hub.
Galaxy Entertainment Chairman Lui Che-Woo says that his firm’s bid for an IR license in Japan will focus on the non-gaming aspects of the facility, and that it will cater to a high-end market.
Galaxy Entertainment Group, which is hoping to expand into Japan and the Philippines, may have to reconsider its plans for an IR on the island of Boracay after the government again insisted no casinos will be allowed.
Galaxy Entertainment Group, which has teamed with Monaco’s Société des Bains de Mer to bid for a license in Japan, is gaining market share at home in Macau.
Galaxy Entertainment is building on its relationship with Monaco casino company Societe des Bains de Mer to bring a French bistro brand to its Galaxy Macau resort, building on Macau’s culinary repertoire.
Galaxy Entertainment announced on Monday its “Japan-Macau Integrated Resort Management Mentorship Pilot Scheme,” a partnership with Toyo University to educate Japanese students about IR management, looking forward to the development of the new industry in the mid-2020s.
In an exclusive interview with AGB Nippon, Ted Chan, appointed as Galaxy’s Chief Operating Officer for Japan Development in April, discussed the increasingly strong position that his Macau-based firm works from as it prepares its bid for one of the three available IR licenses in the country.
MGM Resorts and Galaxy Entertainment, which are both vying for a license in Japan, have won awards for their corporate social responsibility (CSR) programs at an event organized by the Mirror Post of Hong Kong.
Galaxy Entertainment founder and Chairman Lui Che-Woo said his company has no plans to increase its 4.9 percent stake in Wynn Resorts, damping speculation it may have been planning a full takeover.
Jean-Louis Masurel, managing director of Société des Bains de Mer (SBM), the owner-operator of the Monte Carlo Casino and other major properties within the Principality of Monaco, minces no words in explaining why his storied European firm chose the Galaxy Entertainment Group as its Asian partner.
Macau gaming operators Sands, Melco, and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research.
Galaxy Entertainment Group (GEG) on Wednesday unveiled their vision for their proposed integrated resort in Japan. GEG and their partner, Monte-Carlo Société des Bains de Mer (SBM), said they envision the development of an IR that will have a transformative impact on the Japanese economy and the city and community where it will be located.
Gaming operator Galaxy Entertainment Group on Friday announced the appointment of Michael Mecca as the company’s non-executive director, with effect from May 4, 2018.
Galaxy Entertainment Group posted record Q1 adjusted EBITDA and said it’s actively pursuing its expansion plans in the Philippines and Japan.