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Macau reopening drives income up 211.0% at Galaxy in 2023.

Galaxy Entertainment Group (GEG) reported a 211.0% increase in revenue to HK35.68bn (£3.60bn/€4.21bn/US$4.56bn) during 2023, driven by the full reopening of the Macau gaming market. Macau withdrew all remaining pandemic travel and quarantine restrictions in January 2023. This meant people could again travel freely to the region and visit its land-based casinos, including the Galaxy Macau. This

Macau gambling earnings hits MOP$16.04bn in November.

Gambling revenue in the Macau market rocketed by 435.0% year-on-year to MOP$16.04bn (£1.56bn/€1.83bn/US$2.00bn) in November, the fourth highest monthly total so far in 2023. The figure was some way ahead of MOP$3.00bn in November of last year but 17.7% behind $19.50bn in October 2023. However, October’s total was the highest monthly amount in Macau since before

SJM Holdings chief govt retires.

After 21 years with SJM Holdings, Dr. So Shu Fai will step down from the roles of CEO, executive director and vice chairman. Dr. So informed the board that he would retire and not offer himself up for re-election as the exective director of SJM Holdings at the business’s forthcoming annual general meeting (AGM). Upon

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