GALAXY ENT Chair Urges Industry Unity to Address Rising Hotel Demand in MO, Avoid Price Competition

2025/05/08 01:10 GMT

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Francis Lui, Chairman of GALAXY ENT (00027.HK) -0.450 (-1.402%) Short selling $57.68M; Ratio 23.983% , delivered a keynote speech at a seminar during the G2E Asia expo yesterday (7th), in which he stated that the company is capitalizing on the rise of the Asian middle class by making tremendous investments in integrated resorts and other non-gaming attractions to draw visitors, according to Macao Daily News.

In Lui's estimate, hotel accommodation demand will continue to escalate in the coming years, and failing to properly address hotel supply issues will affect Macau's competitiveness.

Related NewsHSBC Research Expects MO GGR to Be MOP20-21.2B in May, Continues to Like MGM CHINA/ GALAXY ENT
Lui called on industry peers to unite and maintain Macau's premium market positioning rather than engaging in price competition.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-19 16:25.)

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