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Galaxy Entertainment founder Lui Che Woo says Macau casino gaming revenue,” said Lui, noting that his company was aiming for the higher.


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Galaxy Macau is one of 6 properties owned by Galaxy Entertainment Group. The following ownership information is a subset of that available in the Gaming.


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That put Galaxy just ahead of the % take of Sands China, the local unit of Las Vegas Sands, the largest gaming company by market cap. Lui's.


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Sign up for free newsletters and get more CNBC delivered to your inbox. CNBC Newsletters. 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. 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. Skip Navigation. 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.

New investment s and a shift to the mass market will help Macau 's gaming industry emerge from its prolonged slumpsaid casino tycoon Lui Che Woo recently. Get this delivered to your inbox, and more info about our products and services.

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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. We want to hear from you. Related Tags. Get In Touch. All Rights Reserved. According to statistics from Macau's Gaming Inspection and Coordination Bureau released last week, gross gaming revenue rose 7. News Tips Got a confidential news tip? Recovery may be in sight. 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. Markets Pre-Markets U. The company was also expanding in the hospitality business globally, building four hotels in New York, Seattle, Washington D. The twin Macau launches helped to boost the region's gaming revenues.