MACAU BUSINESS By José Carlos Matias Lui Che Woo Francis Lui
Levelling up the game
Galaxy’s leadership is optimistic about the prospects for this year and beyond. Following the recent inauguration of the group’s Phase 3 properties, Chairman Lui Che Woo and Vice Chairman Francis Lui share their perspectives on the evolving gaming and non-gaming sectors in Macau.
C 20 FEBRUARY 2024
onstruction works are progressing steadily at the Cotai land parcels under Galaxy Entertainment Group (GEG). Phase 3 properties are already up and running, bustling with activity due to the gradual opening of
Galaxy International Convention Centre (GICC), Galaxy Arena, Andaz Macau, and Raffles at Galaxy Macau throughout 2023. However, there’s more in the pipeline, with a new high-end hotel brand within the Phase 3 parcel scheduled to be completed in 2024, bringing the total number of hotel brands under GEG to 10. Next in line is Phase 4, slated for completion in 2027,
featuring increased hotel capacity, integrated resorts, and MICE facilities. This phase will include additional high-end hotel brands, a 4,000-seat theatre, extensive F&B, retail, non-gaming amenities, landscaping, and a water resort deck, covering approximately 600,000 square meters of development. With these investments, GEG expects to solidify its position as a leading operator. This comes after the industry experienced a robust recovery in the first post-pandemic year, guided by the terms of the new concession contract, which prioritises non-gaming commitments.
MICE+Entertainment time At the core of Galaxy’s approach is the concept of “MICEE,” which adds Entertainment to the existing MICE (Meetings, Incentives, Conventions, and Exhibitions), as promoted by GEG Chairman Lui Che Woo. This direction brings “innovative technology and thinking to the younger generation” and “also helps Macau break through the old structure, improve itself, move towards innovative technology, new modern thinking, and keep pace with world cities,” explained the 94-year-old Chairman, Executive Director, and founder of Galaxy in a joint interview with Macau Business alongside the group’s top officers. The company’s new 16,000-seat capacity Galaxy Arena, hosting headline pop stars, shows, and sports events, along with the 40,000-square-meter GICC, align with the aim of supplementing the Galaxy Macau property with space to enhance its role in the MICE and entertainment segments. This, in turn, generates a spillover effect in gaming, retail, and dining revenue. The installed capacity is also in line with the government’s upcoming focus on Macau as a “City of Performing Arts” and a “City of Sports,” objectives emphasised in the SAR’s Policy Address for 2024, as underscored by the Galaxy Chairman. This is also intertwined with another key aim: boosting international visitation.
Photos by Oswald Vas
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76
