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Home / Articles

Galaxy Entertainment Group: Business Outlook

30 Jun, 2024
Written by
Elizaveta Latinskaya
Elizaveta Latinskaya
Reviewed by
Aigerim Ercik
Aigerim Ercik
Galaxy Entertainment Group: Business Outlook

About the Company

Galaxy Entertainment Group Limited (GEG) is one of the leading companies in the entertainment and casino industry in Asia. Founded in 1988, GEG has been actively developing its business in the gambling and entertainment market, providing high-quality services and unique experiences to its clients. The company’s headquarters are located in Hong Kong.

GEG operates several major entertainment complexes, including Galaxy Macau, Broadway Macau, and StarWorld Hotel. These complexes offer not only casinos but also luxurious hotels, restaurants, shopping areas, and entertainment activities, making them popular tourist destinations.

Company News

Recently, GEG has been actively expanding its activities and investing in new projects. In 2023, the company announced plans to expand its flagship complex, Galaxy Macau, which includes luxurious hotels, casinos, restaurants, and entertainment venues. The expansion is expected to increase the number of rooms and gaming areas, attracting new customers with innovative and unique offerings.

Additionally, GEG is actively developing its presence in the online gambling sector. The company has invested significant funds in developing and implementing modern technologies to offer its clients safe and exciting online games.

Future Goals

The main goals of Galaxy Entertainment Group for the coming years include:

  1. Expansion of Galaxy Macau Complex: The company plans to complete the next phase of the complex’s expansion by 2025, increasing its overall area and the number of available services.
  2. Development of Online Platforms: GEG will continue to invest in online gambling, improving the quality and safety of its online products.
  3. Strengthening International Market Position: The company is exploring opportunities to expand its presence beyond Asia, including potential projects in Europe and North America.
  4. Sustainable Development: GEG is actively implementing environmental and social responsibility initiatives. The company aims for sustainable development, reducing its carbon footprint, and supporting local communities.

Company Leadership

The leadership of GEG consists of experienced professionals who have been in the industry for many years. The Chairman of the Board is Dr. Lui Che Woo, who is also the founder of the company. Under his leadership, the company has achieved significant success and continues to grow.

Other key figures in the leadership include:

  • Francis Lui Yiu Tung, Vice Chairman and Executive Director, who is actively involved in strategic planning and operational activities of the company.
  • Michael Mecca, President and Chief Operating Officer, who oversees the operational aspects of the business and is responsible for improving efficiency and service quality.

Business Outlook

The prospects for GEG look very promising. The company is actively investing in innovation and expansion, which will allow it to strengthen its market position. The growth of tourism in Macau and the increasing interest in online gambling are expected to contribute to the further growth of the company’s revenues.

GEG is also exploring opportunities for expansion in other regions, including Japan, where gambling is becoming increasingly popular. The potential opening of new casinos and entertainment complexes in other countries could significantly increase the company’s revenues and diversify its business.

In 2024, Macau continues to experience a recovery, demonstrating growth in visitor numbers and revenues, primarily driven by the premium segment. The central government supports this process by expanding the individual visa scheme to 59 cities in China. GEG actively promotes Macau, opening overseas offices and preparing to launch new projects, such as the Capella hotel at Galaxy Macau in 2025 and the completion of Phase 4 in 2027. Phases 3 and 4, which include new hotels and entertainment facilities, will support Macau’s transformation into a World Centre of Tourism and Leisure.

Company Shares

Shares of Galaxy Entertainment Group are traded on the Hong Kong Stock Exchange under the ticker 00027. The company attracts investors due to its stable growth and development prospects. In 2023, the company’s shares showed steady growth, and analysts expect this trend to continue in the coming years.

Additionally, GEG actively pays dividends to its shareholders, making the company’s shares attractive for long-term investors. Stable financial performance and a successful growth strategy provide confidence in the company’s future.

Final Thoughts

Galaxy Entertainment Group continues to actively develop, expanding its horizons and offering high-quality services and unforgettable experiences to its clients. With plans for expansion and development of online gambling, the company’s prospects look very promising. Investors and clients can expect further growth and strengthening of GEG’s position in the global market.

The company continues to innovate, expand its presence in international markets, and improve the quality of its services, making it one of the leading companies in the entertainment and gambling industry. GEG strives for sustainable development and social responsibility, evidenced by its numerous initiatives in environmental protection and support for local communities.

If you have any additional questions or need more detailed information on any aspects of Galaxy Entertainment Group’s activities, please let us know.

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