Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, reported quarterly earnings above analyst estimates as Chinese tourists boosted spending in the world’s biggest gambling hub.
Sky 32, an elite oasis of luxury on the 32nd floor of the Galaxy Macau casino, offers commanding views, a waterfall, a bar with vintage single malt whiskeys -- and six sumptuous rooms where players must commit to betting at least 10 million yuan ($1.6 million) per visit.
Galaxy Entertainment Group Ltd., the casino operator founded by billionaire Lui Che-Woo, posted a 46 percent gain in third-quarter profit as Chinese gamblers spent more at the resort it set up last year. The stock rose.
Galaxy Entertainment Group Ltd. , part-owned by Permira Advisers LLP, plans to raise 1 billion yuan ($150 million) by selling bonds in Hong Kong, making it the first casino operator to access the market.
Galaxy Entertainment Group Ltd., the Macau casino operator that more than tripled earnings last year, plans to invest about HK$16 billion ($2.1 billion) to almost double the size of its resort in the world’s largest gambling hub.