Galaxy Entertainment Group
Galaxy Entertainment Group is an investment holding company listed on the Hong Kong Stock Exchange (HKSE code 00027) that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A.
The company owns the following casinos and hotels in Macau:
- The StarWorld Hotel and Casino on Macau Peninsula
- Four CityClub casinos, including the Grand Waldo Hotel on the Cotai Strip
- Galaxy Macau (formerly known as the Cotai Mega Resort) is under construction on the Cotai Strip
The principal activities of Galaxy Entertainment and its subsidiaries are operation in casino games of chance or games of other forms, provision of hospitality and related services in Macau, and the manufacture, sale and distribution of construction materials in Hong Kong, Macau and Mainland China.
It operates in two segments: gaming and entertainment, and construction materials.
On February 18, 2009, Spring High Limited (Spring High) and K. Wah Construction Materials (Hong Kong) Limited (K. Wah Construction) (both wholly owned subsidiaries of the Company) entered into a sale and purchase agreement with Pioneer Quarries (Hong Kong) Limited (Pioneer) and Alliance Construction Materials Limited (Alliance) for the sale by Spring High of 50% interest in Boom Victory Investments Limited (Boom Victory). The sale was completed on February 18, 2009.