Galaxy Casino

Galaxy Casino – Zero Latency is partnering with Tomorrow Entertainment for the second time to create a free-roaming virtual reality arena at Galaxy Macau Casino.

The two companies first teamed up in 2017 to establish a space in Singapore. This latest project marks Zero Latency’s 19th arena worldwide.

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Macau Arena delivers the company’s award-winning, large-scale VR gaming experience across more than 200 square meters. With no physical walls, up to eight players can freely roam, walk, explore, and battle together through complex and varied virtual terrain.

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Players see each other as fully animated avatars and stay in constant contact to strategize, ask for help, warn teammates, or joke together.

“We are thrilled that Tomorrow Entertainment has decided to expand its presence in VR with a second Zero Latency-powered location,” said Zero Latency CEO Tim Ross.

“Visitors to Macau are looking for the latest and greatest. Zero Latency is completely market fit considering the region’s new technology and entertainment needs.

Gamers can stay in touch with each other thanks to Razer’s built-in headset and microphone modules. He was also equipped with an OSVR HDK2 virtual reality headset while carrying a military backpack containing a high-performance Alienware PC gaming computer.

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To keep mad zombies, drones or robots at bay, they are equipped with perfectly weighted and specially designed simulation weapons. At the end of the game, players can evaluate their performance with personal and team points.

“This free-roaming Zero Latency VR attraction is an exciting development for visitors to Macau, who are known for their love of high-quality entertainment,” added Simon Ogilvie, CEO of Tomorrow Entertainment.

“This follows the successful opening of our first Zero Latency location in Singapore last year. It is the perfect location for Macau’s fast-paced social market.”

Charles is the CEO. He attends numerous trade shows around the world and frequently speaks at conferences on attractions industry trends and social media. His outside hobbies include diving, trees and cricket.

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Sky 32 is described as an “elite oasis of luxury” and is located on the 32nd floor of Macau’s Galaxy Casino. But to experience the views and exclusive malt whiskey bar, you’ll need to be prepared to gamble in one of the six gaming rooms, and that’ll set you back at least 10 million yuan (£1.07 million). Well, unless you win the bet of course.

As in Las Vegas, where top players get the best treatment from casinos to gamble in their own rooms, Macau actively promotes itself among mainland China’s wealthiest gamblers.

“The VIP market is gaining momentum,” Galaxy Entertainment Group CFO Robert Drake, 27, told Bloomberg, adding that the casino’s domestic revenue in April was “the second highest in history.” “We have had a great start to the year.”

Galaxy Macau Casino Stock Photos And Pictures

Those not so well off, or who simply can’t afford Sky 32, can always go to one of Sky 33’s nine rooms. To bet there, you only need to commit to a bet of 5 million yuan (£536,000).

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Please refresh the page or go to another page on the site to log in automatically. Please refresh your browser to sign in. Casino operators Galaxy Entertainment Group and MGM Resorts International are said to be looking at developing casino resorts in Thailand as they seek to ease Thailand’s troubled outlook. Macau, according to the media.

Galaxy, controlled by billionaire Louis Chi Wu, is also unveiling gaming operations in the UAE, the unnamed sources said.

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. The plans come as operators raise concerns about Macau’s decline prospects as China shifts its focus on the enclave from gambling to increasing control over entertainment and gaming activities.

Reports of potential entry into new markets had a positive effect on the casino operator’s shares, with Galaxy shares rising as much as 5.3% in Hong Kong trade and shares of MGM Resorts subsidiary MGM China rising more than 6%. This upward momentum also helped Bloomberg Intelligence’s shares of the Macau casino operator rise more than 5%.

The decision to explore alternative markets reflects operators’ concerns about Macau’s future. While China’s post-pandemic reopening led to a tourism boom that helped Macau’s gaming revenue recover to nearly 60% of pre-Covid levels in May, the expected boom may fade as pent-up demand eases and more people venture out. Chinese tourists. abroad.

Furthermore, Macau is expected to take years to develop additional attractions and non-gaming events that could replace VIP gambling revenue, which previously accounted for a significant portion of total gaming revenue.

China, Macau, Cotai, Galaxy Hotel And Casino, Main Lobby Stock Photo

With casinos likely to be legalized in Thailand and the UAE in the coming years, operators are looking to gain a competitive edge in these emerging markets.

Thailand, a popular tourist destination, especially among Asian visitors, could attract significant revenue from the games if the legislation passes. Likewise, the UAE could also become a lucrative market, potentially overtaking Singapore’s popular Marina Bay Sands resort in terms of gaming revenue and bringing in up to $6.6 billion in annual gaming revenue, according to Bloomberg Intelligence analyst Angela Hanley.

According to insiders, Galaxy has already set up offices in both Thailand and the UAE to promote its operations in Macau while gathering valuable information on the ground.

MGM, which is set to launch an entertainment resort in Dubai, has reportedly established a presence in Thailand and has partnered with a Thai parliamentary committee to look into legalizing casinos. A committee proposal to create multiple casino resorts was approved by the House of Representatives in January.

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Galaxy declined to comment on its plans, while MGM told Bloomberg it does not have a base in Thailand and has not contacted any commission on the matter.

Notably, Las Vegas Sands Corp has also previously expressed interest in Thailand, with CEO Robert Goldstein indicating the group’s desire to have a presence in the country during an earnings call earlier this year.

Financially, both Galaxy and MGM are well positioned for expansion. Galaxy’s conservative financing approach and MGM’s asset-light model, which involves selling properties that are then leased back, have strengthened its cash position. Meanwhile, Sands’ recent sale of its Las Vegas property has provided the company with significant cash.

While entry into new markets is driven by the lifting of legal restrictions in Thailand and the UAE, the industry expects regulatory changes on the horizon. The proposal for a Thai casino resort has received cross-party support and is widely expected to be accepted by the new government.

Galaxy Casino & Hotels, Macau Macau, China

Media reports in the UAE suggest early discussions have been held on legalizing gambling and operators have held informal talks with the authorities. While senior government officials have said there are no immediate plans to allow gambling, industry insiders expect more developments in the coming months. Additionally, Wynn Resorts is moving forward with plans to build a $3.9 billion resort in the emirate of Ras Al Khaimah, and is expected to include a casino among its offerings. Macau Galaxy casino. The casino operator has seen a rebound in fortunes since the tourists returned. Image: Shutterstock

Macao casino operator Galaxy Entertainment saw revenue jump 72 percent as tourists returned, creating 900 jobs for locals.

Galaxy Entertainment Group said it will create 900 new jobs for locals after the Macau casino operator posted a 72 percent profit in the first quarter, after the city eased Covid-19 restrictions and reopened its borders to tourists.

The casino company, controlled by the family of Hong Kong real estate tycoon Louis Chi Wu, reported revenue of HK$7.05 billion (US$901.8 million) for the first three months of 2023, compared with HK$4.1 billion last year. On the Hong Kong Stock Exchange on Monday. Revenues increased by 142 percent compared to the fourth quarter.

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Galaxy Entertainment’s adjusted earnings before interest, tax, depreciation and amortization (Ebitda) came in at HK$1.91 billion, up from HK$575 million a year ago and reversing a loss of HK$163 million in the previous quarter.

“It was great to see the strong demand from closed customers following the easing of travel restrictions,” said Chairman Lowe. “Visitor arrivals, hotel occupancy, gaming revenue and retail sales all posted good growth.”

Macau began easing coronavirus-related travel restrictions in early January at the same time as mainland China and Hong Kong. Macau recorded nearly 5 million visitors in the first quarter of the year, more than double the 1.9 million visitors for the same period in 2022. However, the numbers represent about 48 percent of 2019’s pre-pandemic level of 10.4 million.

Lowe said the opening of new Phase 3 properties such as Galaxy International Convention Centre, Raffles at Galaxy Macau and Andaz Macau this quarter will further improve the bottom line.

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The 40,000 square meter conference center can accommodate up to 16 people.