With the State of Monaco as its main shareholder, the resort Monte-Carlo SBM counts on a staff of almost 3,000 employees and manages a heritage unique throughout the world.Its activities extend to various areas relating to tourism, leisure and business, casino games, gastronomy, well-being, culture, sports and entertainment.
Galaxy Entertainment has teamed with Monaco’s Societe des Bains de Mer to bring the Cafe de Paris Monte Carlo bistro brand to Macau.
Jean-Louis Masurel, managing director of Société des Bains de Mer (SBM), the owner-operator of the Monte Carlo Casino and other major properties within the Principality of Monaco, minces no words in explaining why his storied European firm chose the Galaxy Entertainment Group as its Asian partner—because they are “the best.”
Galaxy Entertainment Group held a press briefing in Tokyo on Tuesday, led by Jeremy Walker, Galaxy’s vice-president of international development, and featuring Patrick Medecin, the ambassador of the Principality of Monaco to Japan. Ambassador Medecin’s support for Galaxy’s bid to build an IR in Japan is connected to the fact that Galaxy is working in […]
Macau gambling operator, Galaxy Entertainment Group is looking to enter the heated battle over one of Japan’s casino licenses with the help of Monaco’s Societe des Bains de Mer, SCMP reports. “We see loads of potential in the Japanese market and aim to win a casino license there in cooperation with Societe des Bains de […]
Casino operator Galaxy Entertainment Group has plans to partner with its associate in Monaco, Societe des Bains de Mer (SBM), to pursue casino resort development opportunities in Japan and other markets in Asia-Pacific. In an interview with Nikkei Asia Review, Galaxy president Michael Mecca said the passage of the casino gambling bill made it “a […]
The year 2017 saw a distinct acceleration in the race to obtain licenses to build and operate Japan’s first IRs. While everyone agrees that the potential scope of the market is vast, without the precise locations and the terms of regulation yet being clarified, estimations of the ultimate size of this market remain little more than guesswork. Progress in the year was once again stalled by politics, though operators are hoping to push forward in 2018 with both the legislative framework and their own groundwork.
It’s 15 years since Macau flung open its arms to international gaming companies and major US operators wasted little time heading to the Far East to plant their flags firmly in the ground. US and Australian interests have dominated casino investment across Asia, with the Europeans notably absent, however, with Japan planning to open the market, there are signs that may be about to change.
While Beijing’s anti-corruption drive has often been blamed as a primary factor behind the slump in Macau’s gaming revenue, the same regime is also responsible for proposing and supporting another initiative that may have widespread implications for the development of the Asian gaming industry -- the “One Belt and One Road” project. The plan to develop the old Silk Road linking Asia to Europe is likely to provide a significant boost to tourism in tandem with the gaming industry.