International edition
September 22, 2021

SJM Holdings remains the uncontested market leader

Galaxy eyeing to recoup investment in Cotai by 2017

(Macau).- Galaxy Entertainment Group is hoping to recoup its us$ 2 billion investment in the Galaxy Macau project, in Cotai, within six years, says the chief financial officer Robert Drake. In an interview with Bloomberg, Drake said the company expects yearly returns of 14 to 19 % at the property.

We’re very pleased with the performance so far,” Drake said. “If the market continues on its current trajectory, then we’ll probably announce plans sooner [to develop the rest of the Galaxy Macau plot] rather than later.” This week, Galaxy Entertainment Group’s chairman, Lui Che-woo, estimated the company’s current casino gross gaming market share in Macau at 17 %. “We have risen to second place in terms of market share,” he said, quoted by Bloomberg.

SJM Holdings remains the uncontested market leader.

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