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Galaxy Entertainment Vice Chairman, Francis Lui (R) and Senior Vice President of Public Relations, Buddy Lam (L), announcing GEG's MOP$28.4 billion investment

Galaxy Entertainment Group (GEG) commits to invest MOP$28.4 billion in Macau development

Galaxy Entertainment Group (GEG) has committed to invest MOP$28.4 billion during during the next 10 years from 2023 to 2032, of which MOP$27.5 billion, around 97%, is planned to be in non-gaming initiatives.

The company said, “As a patriotic Chinese enterprise with deep roots in Macau, GEG fully supports the SAR Government’s policies and directions” and committed itself to “continue contributing to the healthy and orderly development of Macau’s leisure industry” and to “enrich the SAR’s offerings as a ‘World Center of Tourism and Leisure.’”

Vice Chairman Francis Lui said, “In this new era of development, non-gaming is the most important thing.”

The company said it would “continue to fulfill its corporate social responsibilities by supporting the SAR Government’s labor policies, including maintaining the stable employment of local residents and facilitating their horizontal and upward mobility.” It also committed to “continue contributing to the community’s development through supporting related initiatives in philanthropy.”

Galaxy said it would support the government’s economic diversification strategy and noted that it “looks forward to joining hands with all sectors of the community to write a new chapter for Macau.” It also pledged to “continue providing appropriate aid and support for local SMEs and technology enterprises, thereby encouraging holistic and symbiotic growth in the local economy.”

GEG highlighted seven specific areas for future development:

  • Themed Amusement
  • Entertainment and Performances
  • MICE
  • Sports Events
  • Culture and Art
  • City of Gastronomy
  • Health and Wellness

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