{"id":777001158,"date":"2022-12-19T12:51:53","date_gmt":"2022-12-19T15:51:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777001158"},"modified":"2026-04-23T01:54:52","modified_gmt":"2026-04-23T04:54:52","slug":"galaxy-to-invest-us3-5bn-in-macau-under-new-10-year-gaming-concession","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-to-invest-us3-5bn-in-macau-under-new-10-year-gaming-concession","title":{"rendered":"Galaxy to invest US$3.5bn in Macau under new 10-year gaming concession"},"content":{"rendered":"\n

The majority of the investment will go to non-gaming offerings and exploring overseas markets.<\/p>\n\n\n\n\n\n\n\n

Macau.- Francis Lui Yiu Tung<\/strong>, deputy chairman at Galaxy Entertainment Group<\/a> (GEG), has announced that the company will invest MOP28.4bn (US$3.5bn) to improve its Macau resorts. Some 96 per cent of the investment will go to non-gaming offerings and exploring foreign markets.<\/p>\n\n\n\n

In a joint press conference with government officials on Saturday, Lui said that GEG will continue to contribute “to the healthy and orderly development of Macau\u2019s leisure industry and enrich the SAR\u2019s offerings as a ‘World Center of Tourism and Leisure’.\u201d<\/p>\n\n\n\n

To attract non-Chinese tourists, the company plans to open new overseas offices<\/strong> in Singapore, Thailand and South Korea and launch a series of marketing initiatives targeting Japan, Indonesia, Malaysia, India, the Philippines and Vietnam.<\/p>\n\n\n\n

In terms of non-gaming facilities, GEG announced the development of a 61,000-square-meter high-tech amusement park that will integrate multimedia, interactive and multi-sensory technologies. The company will also expedite development plans for a 4,000-seat music and performing arts theatre that will host musical events and international artists.<\/p>\n\n\n\n

It will also develop the Galaxy International Convention Center (GICC) to attract a variety of international and regional MICE events. <\/p>\n\n\n\n

The company said: “GICC, which will be Asia\u2019s most iconic and advanced MICE and entertainment destination, will boast 40,000 square meters of flexible MICE space. A wholly non-gaming facility, the convention centre will cater to the needs of international and regional organizations for hosting a variety of MICE events.”<\/p>\n\n\n\n

It said it will also deepen its collaboration with industry stakeholders in Macau, Hong Kong, China and around the world “to develop exciting and interactive side activities to promote branded sports tourism.” <\/p>\n","protected":false},"excerpt":{"rendered":"

The majority of the investment will go to non-gaming offerings and exploring overseas markets.<\/p>\n","protected":false},"author":176,"featured_media":25621,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Galaxy Entertainment Group (GEG) is investing MOP28.4bn (US$3.5bn) into its Macau resorts, with 96% allocated to non-gaming offerings and international market expansion. This strategic pivot aims to diversify revenue streams through new entertainment facilities and MICE infrastructure, while actively targeting non-Chinese tourist segments via new overseas offices and marketing campaigns across Asia.","focusai_entities":"Francis Lui Yiu Tung, Galaxy Entertainment Group (GEG), Galaxy International Convention Center (GICC)","focusai_location":"Macau, Singapore, Thailand, South Korea, Japan, Indonesia, Malaysia, India, Philippines, Vietnam, Hong Kong, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (0.9), marketing_crm (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming ROI?","query":"What are GEG's projected ROI timelines and key performance indicators for the MOP28.4bn non-gaming investments, particularly in the context of attracting non-Chinese tourist segments?"},{"label":"Market Diversification Impact?","query":"How will GEG's aggressive international market expansion and non-gaming focus impact the competitive landscape for other Macau concessionaires and regional integrated resort operators?"}],"footnotes":""},"categories":[157,16338],"tags":[23959],"class_list":["post-777001158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-galaxy-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777001158"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001158\/revisions"}],"predecessor-version":[{"id":777001199,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001158\/revisions\/777001199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25621"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}