miniddy的部落格

Galaxy Macau has boosted the group's edge in the territory's growing gaming sector.迷你倉 Tencent Holdings has been dubbed the ``Techno-share King'' for the nearly 100-fold growth in its share value since it first listed. Galaxy Entertainment Group, which operates resorts and casinos in Macau, is also becoming a legend. After recently surging to successive new highs, the group's present share price is now more than 100 times that of its lowest point. In partnership with US-based Las Vegas Sands - operator of the Venetian Macau - the group's subsidiary Galaxy Casino won one of the three gaming concessions granted in 2002 by the government to end the gaming monopoly. The partners subsequently split and Galaxy went on to develop its own style of casinos. Several years ago, I was invited to visit Macau by group deputy chairman Francis Lui Yiu-tung. Lui talked about the tremendous pressure then of running a gaming operation as a newcomer, with analysts making bleak forecasts for th文件倉 company. But his views took an about-turn with the opening of the group's Galaxy Macau resort on the Cotai Strip in 2011. The project boosted the company's competitiveness in the rapidly growing gaming industry. Galaxy may be new to gaming, but development is its forte, and that expertise has helped it keep the project's progress on track. Also, the group never stopped stocking up on sites, and land means expansion potential - one of the reasons funds are bullish about Galaxy. Using hotel room figures in Las Vegas as a reference, Lui has projected a serious shortfall of hotel rooms in Macau. And, despite heavy-handed adjustments to certain industries in the mainland, Macau's tourism revenue continues to be strong. Galaxy Entertainment, which has invested heavily in the sector, naturally becomes a big winner, with its share price performing on a par with Tencent. This development is beyond the expectation of many investment experts. Siu Sai-wo is chief editor of Sing Tao Daily 存倉