Brought to you by: Pastor Real Estate & Barclays
SBM, Monaco’s casino operator, has announced a joint venture with Galaxy Entertainment Group (GEG) to develop and operate a leisure complex in Japan.
Macau’s Galaxy has been a five percent stakeholder in SBM since 2015. The possibility of a joint project in Japan has come about since Japan’s Upper House passed enabling legislation in December, 2016.
SBM’s announcement of the project comes just 15 weeks after the legislation passed.
Galaxy President, Dr Lui Che Woo, commented: “Since opening our flagship Galaxy Macau facility in 2011, we have quickly earned a reputation for developing and operating some of the most incredible integrated resorts in the world, and together with SBM we look forward to creating hospitality and entertainment that our customers will enjoy in the years to come.”
Jean-Luc Biamonti, President and CEO of SBM, referred to “similarities in terms of business philosophy between SBM and GEG, a deep commitment to supporting the company’s employees, the local community, the environment, and maintaining the excellence of standards in line with SBM’s corporate values, both in the design of world-class resorts and in the proposed service.
SBM also welcomes the opportunity to increase the value of its international portfolio.
Monaco has presented the merits of its new drone system while calling for increased use of cleaner fuel alternatives for aircraft during this year’s International Civil Aviation meeting in Montreal. The 40th annual meeting of the International Civil Aviation Organisation (ICAO) saw the introduction of a new platform for the management of drone traffic, dubbed […]
In the first of his new regular Monaco Life columns, Geoffrey Kent – ex-British Army officer, former champion polo player, Monaco resident and founder and co-chairman of renowned luxury travel company Abercrombie & Kent – answers our questions on his fascinating past, present and future. Monaco Life: How and when did Abercrombie & Kent begin?
Air Canada has announced it will be doubling the number of seats currently available on it’s Nice-Montreal route. The airline is replacing the Air Canada Rouge planes with Air Canada Airbus, which will also be flying one extra day per week. The expanded direct service, which will increase from four to five flights per week, […]
The Monaco Yacht Show is famous for its opulent display of superyachts, a fleet which this year was valued at over four billion jaw-dropping euros. But the Principality is also leading the world in sustainable practices, so it is unsurprising to see, floating beside these incredible mega yachts, a far less lavish but no less […]