Galaxy Entertainment Group Chairman Francis Lui Yiu Tung said he remains confident in Macau’s gaming performance following the Lunar New Year period, noting that the group’s hotels continued to operate at near full occupancy even after the holiday peak. His comments were made during an earnings press briefing, as reported by Macao Daily.
Lui said January gaming revenue rose 24% year on year and market expectations for the Lunar New Year had been high. Visitor traffic during the first two days was softer due to family gatherings, he explained, but demand strengthened from the third and fourth day onward, mirroring patterns seen in previous years.
He added that hotel occupancy levels this week remain extremely strong, which underpins confidence in near-term gaming revenue.
Lui said competition across the premium mass and high-end mass segments is intense and requires operators to deliver a full suite of dining, retail and entertainment offerings. He noted that Macau remains the most attractive market in Asia for integrated resort development.
As part of Galaxy’s long-term planning, adjustments will be made to room numbers, sizes and amenities in the forthcoming Phase 4 development to align with evolving market demand.
He also said the group is open to overseas opportunities in markets such as Thailand and Japan, where the company sees potential advantages. A strong balance sheet, he said, helps build confidence with foreign governments when evaluating new projects.
Galaxy reported strong growth across all business units during the holiday period. Hotel occupancy reached 100%, food and beverage revenue achieved record levels and luxury retail saw robust momentum. All gaming segments, including VIP, premium mass, mass and electronic tables, recorded notable year-on-year increases.
Macau’s premium mass and high-end mass segments remain the most competitive tiers, with operators investing heavily in non gaming attractions to capture demand
