One of the most prominent Asian companies, Suncity Group has revealed that the company will soon debut its fully refurnished VIP lounge within the Galaxy Macau facility. Galaxy Macau is a luxurious casino and resort situated on the Cotai Strip in Macau. The construction of the facility started in 2002. The opening date of the property was rescheduled several times while it finally opened its doors to the public back on the 15th of May, 2011.
The casino and resort is owned and operated by Galaxy Entertainment Group. The property includes six hotels and each has its own unique theme including JW Marriott, The Ritz Carlton, Hotel Okura, Banyan Tree, Broadway Macau, and Galaxy Macau. The property includes two thousand and two hundred rooms with one thousand and five hundred rooms in the Galaxy Hotel venue.
The hotel also includes a massive casino floor and a variety of other entertainment facilities included as well. The privately-owned Suncity Group was responsible for upgrading and refreshing the hotel’s VIP gaming lounge which is situated near the facility’s Diamond Lobby. The upgraded VIP lounge opened its doors on the 24th of September. Packed with a new, luxurious design, the area includes twenty private gaming tables.
Taking Advantage of the Golden Week Holiday
As reported by GGRAsia, the re-opening date for the VIP lounge of Galaxy Macau proved extremely beneficial for the responsible company as it allowed Suncity Group to benefit from the Golden Week holiday which kicks off from the 1st of October. During the holiday, Chinese tourists always gladly visit this area and this time they gathered to check the refurnished VIP lounge of Galaxy Macau to celebrate their nation’s seventieth birthday.
Situated on the northern side of the Cotai Strip, very close to the remarkable Venetian Macao, Galaxy Macau has been upgraded several times since its opening in 2011. Some of its facilities were given new looks as a part of the company’s $191 million-worth upgrade revamp. Back in July, Suncity Group introduced another privately-owned VIP gaming lounge at Rio Hotel and Casino which runs using a casino license by the Galaxy Macau’s owner.
Two Months of Declines in Aggregated Gross Gaming Revenues for Macau
After almost two months of constant declines in aggregated gross gaming revenues from thirty-five casinos located in Macau, September showed a great increase in the gross gaming revenues of 0.57% which amounts to around $2.7 billion. As reported by the Bloomberg news outlet, the result from September was around $15.7 million higher when compared to the same thirty-day period last year.
On the other hand, the numbers on aggregated gross gaming revenues for Macau-based casinos for July and August showed significant decreases of 3.5% and 8.6%. When taking into account the numbers from September, Macau-based casinos have recorded aggregated gross gaming revenues for nine months of around $27.2 billion which is a contraction of around 1.67%.
Despite promising numbers, Macau’s casino industry is still very vulnerable to major headwinds such as ongoing China and United States trade war and other political issues. Macau is home to some of the world’s most famous venues including the Melco Resorts and Entertainment Limited-owned and operated Studio City Macau and SJM Holdings Limited-operated Casino Grand Lisboa.
However, concerning the future of Macau’s junket services, it is rather uncertain. At the same time, one Asian casino operator which heralds extremely successful September is Paradise Company Limited that has reportedly experienced a massive 42.7% increase of aggregated gross gaming revenues which amounts to around $61 million.
The Seoul-based company also revealed that its table games gross gaming revenues for September increased by around 45.1% which amounts to $57.7 million. Moreover, the company’s slot gross gaming revenues also rose by 10.7% amounting to $3.2 million. The company owns and operates casino and hotel resorts in Busan, Jeju, and Seoul including the Paradise City resort located close to Incheon International Airport. Considering its latest numbers on the aggregated gross gaming revenues, the South Korean casino operator enjoyed an impressive improvement of 23.5% from last year which equals $470.7 million.