🖐 REFILE-UPDATE 1-Macau casino owner Galaxy's profit surges, plans Philippine resort - Reuters

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Galaxy Entertainment founder Lui Che-woo's wealth has jumped by US$ billion this year, the most of any Asian billionaire, as the world's.


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Company plans $ million Philippine resort. HONG KONG, Feb 28 (Reuters) - Macau casino operator Galaxy Entertainment Group posted a.


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Galaxy Entertainment Group ("GEG") (Chinese: 銀河娛樂集團 is a company listed on the Hong Kong Stock Exchange (SEHK: 27) that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.. Contents. 1 History; 2 Properties; 3 Galaxy Stars; 4 Business areas; 5 Ownership.


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Stars Align: Francis Lui's Galaxy Entertainment Group Is On A Winning Galaxy overcame the odds itself to win its year Macau casino.


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Market Data Terms of Use and Disclaimers.{/INSERTKEYS}{/PARAGRAPH} All Rights Reserved. Data also provided by. VIDEO Macau casino big-hitter Lui Che Woo says he sees light at the end of the tunnel for the embattled gambling enclave. We want to hear from you. The company's gambling license expires in Galaxy posted a 26 percent rise in first-half profit from the same period last year as new resorts helped non-gaming revenue and casino market share. Recovery may be in sight. CNBC Newsletters. Get this delivered to your inbox, and more info about our products and services. According to statistics from Macau's Gaming Inspection and Coordination Bureau released last week, gross gaming revenue rose 7. Skip Navigation. Galaxy , which occupies the biggest plot on the strip , has also diversified by investing in increasingly family-oriented and mass - market facilities , such as theme parks and an amphitheater to attract big-name performers. The turnaround came as the world's biggest gaming companies launched some of their biggest long-term investments in Macau on the Las Vegas-style Cotai strip. The twin Macau launches helped to boost the region's gaming revenues. Sign up for free newsletters and get more CNBC delivered to your inbox. {PARAGRAPH}{INSERTKEYS}New investment s and a shift to the mass market will help Macau 's gaming industry emerge from its prolonged slump , said casino tycoon Lui Che Woo recently. News Tips Got a confidential news tip? The company was also expanding in the hospitality business globally, building four hotels in New York, Seattle, Washington D. Get In Touch. Markets Pre-Markets U. Macau's gaming industry has been in a tailspin for the last two years as the mainland's slowing economy and its crackdown on conspicuous spending and corruption drastically reduced the numbers of VIP spenders in the autonomous territory , the only place in China where gambling is legal. Related Tags.