HONG KONG and MACAU, July 8 /Xinhua-PRNewswire/ -- Galaxy Entertainment Group Limited ("Galaxy"; "the Company"; HKEx: 0027), one of Asia’s leading gaming and entertainment groups, announces that it has entered into a Gaming Promotion Agreement with Lucky Star, an entity which is associated with Neptune Group Ltd ("Neptune" HKEx: 70).
Under the Gaming Promotion Agreement, Lucky Star will work exclusively for Galaxy to promote up to 100 VIP gaming tables in a new Jumbo VIP facility at the Company’s flagship StarWorld hotel and casino in Macau. The new Jumbo VIP deal is expected to assist Galaxy’s plan to significantly increase its market share in VIP gaming, and to strengthen its earnings and return on investment. For further information please refer to the recent Neptune announcement that has been cleared by the Hong Kong Stock Exchange dated 7 July 2008.
About Galaxy Entertainment Group
Galaxy Entertainment Group Limited, through its subsidiary, Galaxy Casino, S.A., holds a Macau gaming concession. Galaxy is authorized to carry on casino games of chance in Macau which is the only legal gaming location in China.
The construction of the Galaxy mega resort including the first hotel tower of 1,500 rooms, casino and entertainment complex is on track to open in mid 2009. Galaxy’s second tower with approximately 700 rooms, suites and villas is expected to be completed during 2009. Galaxy is well positioned for long-term growth in Cotai with an approved master plan to develop an additional 10.4 million sq ft of gaming and entertainment facilities.
In addition, Galaxy owns and operates StarWorld Hotel and Casino -- a luxury 5-Star property located on the Macau peninsula, and operates four City Club Casinos in Macau.
For more details, please visit http://www.galaxyentertainment.com/eng .
For enquiry:
Philip Ho
Principal Public Relations
Galaxy Entertainment Group
Tel: +853-8399-8972
Email: pwhho@galaxyentertainment.com
