Macau, China, 19 Oct – From Thursday Macau will have another casino, Star World, owned by Hong Kong group Galaxy Entertainment, six weeks after US group Wynn Resorts opened its new hotel/casino Wynn Macau.
Galaxy, which is controlled by Hong Kong construction magnate Lui Che-woo, said it had almost triples its gaming market share in Macau to 20 percent in August as compared with 7 percent in January, and after opening three casinos.
In October Lui said that opening Star World would help the company reach a market share of 25 percent.
Star World, which is Galaxy Entertainment’s fifth casino in Macau, represented an investment of US$320 million and has 260 gaming tables and 371 slot machines.
Gross revenues at the existing casinos in Macau reached US$3.1 billion in the first half according to the Macau Gaming Inspection and Coordination Bureau.
In the same period, gaming in Las Vegas generated gross revenue of US$3.3 billion, according to figures from the Nevada gaming authorities. (macauhub)