Galaxy shares extended their rally to 5.3% in Hong Kong trading last Friday, while MGM China, a subsidiary of MGM Resorts, rose more than 6%. Galaxy, the gaming, retail and hospitality group controlled by billionaire Lui Che-woo, is also exploring starting gaming operations in the United Arab Emirates (UAE), the sources said. Galaxy Entertainment Group Ltd and MGM Resorts International are studying the potential of opening casino resorts in the country, according to sources.
HONG KONG: Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand as the industry looks to hedge against a deteriorating outlook for Macau.
