GEG and SBM look forward to jointly developing and operating an IR in Japan, following the passage of the Integrated Resort Promotion Bill last December, the companies added in the statement.
Macau-based casino operator Galaxy Entertainment Group Ltd and Monaco casino firm Societe des Bains de Mer et du Cercle des Etrangers a Monaco, also known as S.B.M announced on March 29 a formal partnership to “work together on the development and operation of entertainment businesses including integrated resort (IR) projects in Asia Pacific”, according to a joint press release.
GEG and SBM look forward to jointly developing and operating an IR in Japan, following the passage of the Integrated Resort Promotion Bill last December, the companies added in the statement.
"Since the opening of our flagship property Galaxy Macau in 2011, we have quickly gained a reputation for developing and operating some of the most spectacular Integrated Resorts in the world and together with S.B.M., we look forward to creating even more premium hospitality and entertainment experiences for our customers to enjoy in the years ahead,” said Dr Che Woo Lui, chairman of Galaxy Entertainment Group.
SBM is majority-owned by the Mediterranean principality of Monaco, and since July 2015, is 5 percent owned by Galaxy.