Inside Asian Gaming

IAG JAPAN NOV 2021 50 1-10 VICE CHAIRMAN Galaxy Entertainment Group 副会長 ギャラクシーエンターテインメントグループ CLAIMS TO FAME 評価理由 POWER SCORE パワースコア : 4,490 POSITION LAST YEAR 昨年の順位 : 1 Built Galaxy into Macau’s de facto local gaming champion Substantial liquidity left Galaxy best-positioned to ride out COVID-19 pandemic Holds strategic stakes in Monte Carlo casino operator SBM and Wynn Resorts • • • • • • ギャラクシーをマカオゲーミング界の事実上の王者へと押し上げた 大きな流動性によって、ギャラクシーをコロナ禍を乗り切る上で誰よりも 有利な位置に立たせた モンテカルロのカジノ事業者SBMおよびウィン・リゾーツに戦略的株数 を保有 FRANCIS LUI 1 フランシス・ルイ（呂耀東） LIKE EVERYONE in Macau, Galaxy Entertainment Group has felt the financial pain of the COVID-19 pandemic. Having reported a HK$4 billion (US$514 million) loss in 2020, GEG only just sneaked back to a HK$900,000 (US$116,000) profit in the first six months of 2021 with recent COVID scares and border restrictions around October Golden Week casting doubt over what 2H21 results might hold. But with Francis Lui at the helm, GEG’s conservative fiscal policy has it better placed than any of its fellow Macau casino concessionaires, who have relied heavily on sizeable new loan facilities and bank waivers to ride out the pandemic. According to updates provided in August, the company held liquid investments of HK$43.0 billion (US$5.53 billion) and net cash of HK$31.6 billion (US$4.06 billion) as of 30 June 2021, making it the only one of Macau’s “Big 6” to hold a net cash position. And there is much to look forward to in 2022, even amid the uncertainty surrounding COVID-19 and the expiration of gaming licenses on 26 June.