#GEG

In conjunction with the signing of the six new gaming contracts yesterday, the government has published the content of the contracts, including the operating venues of the concessionaires' casinos, investment commitments and premium details. Investment commitments The government announced yesterday the six concessionaires have committed a total…

The new concession period in the Macau gambling industry commences on January 1, 2023. The Macau government has therefore announced the allocation of tables and slot machines following its previous announcements that the number of tables and slots under the new concessions would be reduced to 6000 and, respectively, 12000. Law provisions: The Chief…

The Macau government has announced its allocation of tables and slot machines under the new concession period to commence from 1 January 2023. The government had previously announced the number of tables and slots in Macau under the new concessions would be reduced to 6000 and 12000 respectively. This represents a 13% reduction in tables from the…

Towards New Horizons: Galaxy Casino, S.A. Awarded New Concession for Operation of Casino Games of Fortune Macau, Special Administrative Region of the People's Republic of China, (December 17, 2022) - Galaxy Entertainment Group (GEG) is pleased to announce that Galaxy Casino, S.A., a member of GEG, has been awarded a concession for operation of…

Galaxy Entertainment Group (GEG) has issued a statement warning that illegal online gambling sites are infringing on its brand names, trademarks and images in an attempt to mislead the public. It said sites were attempting to connect themselves with non-existent fundraising activities. It warned of purported fundraising activities for "Hope Primary…

Macau satellite casinos are "fraught with opacity and undesirable business practices" and the closure of the sector's regulatory loophole" in the future amended gaming law will provide more "transparency, legal certainty, and full oversight of the city's gaming industry", a gaming researcher from the Macao Polytechnic University states in a new…

Las Vegas Sands (LVS) is back in court fighting a familiar foe. Asian American Entertainment Corporation (AAEC), a former business partner in Macau that helped it get its start there, has been trying to collect massive amounts of money for years. It argues that LVS breached its contract and, therefore, deserves a fat payday. It hasn't yet found a…

Four people have been arrested in Macau for alleged involvement in running cross-border casinos in Southeast Asia and maintaining online gambling platforms, believed to have generated profits of at least MOP$100 million (US$12.5 million). According to Macau's Judiciary Police (PJ), which revealed details of the case on Friday, the suspects had put…