The Macao casino operator said its profit fell to HK$9 million (US$1.16 million) due to the closure of the satellite casinos and increasing market competition
Business
Macao’s tourism chief expects around 500,000 visitors during the Macau Grand Prix, as the city sees a strong tourism surge driven by major events like the National Games
Galaxy Entertainment Group’s chairman remains the most influential figure in the region’s casino industry, according to the 2025 Asian Gaming Power 50 list
Dozens of positions are being advertised, from back office staff in HR and finance roles, through to restaurant workers and front office managers
Mainland tourists, who make up the bulk of visitors to Macao, spent an average of 2,206 patacas in the first 9 months – a year-on-year decline of 11.3 percent
The overall residential property price index fell 2.3 percent quarter-to-quarter, underscoring the prolonged slump affecting Macao’s housing market
Operating income for the third quarter of 2025 was US$184.5 million, compared with US$138.6 million in the third quarter of 2024.
While emerging economies are bucking the trend, protectionist policies in Europe, North America and parts of Asia brought the Global Openness Index down last year
Galaxy Entertainment Group reports a 14 percent increase in net revenue, showcasing strong financial performance despite seasonal and weather-related challenges