Latest news with #GalaxyEntertainment
CTV News
27-06-2025
- Business
- CTV News
Cineplex says CEO Ellis Jacob to retire at the end of 2026
Ellis Jacob, president and chief executive of Cineplex Entertainment, poses for a photograph after the company's annual general meeting in Toronto on Wednesday, May 17, 2017. THE CANADIAN PRESS/Nathan Denette TORONTO — TORONTO — Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company and called him a giant in the industry. The company says Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Cineplex has over 170 movie theatres and entertainment venues across Canada. This report by The Canadian Press was first published June 27, 2025. Companies in this story: (TSX:CGX) The Canadian Press
Yahoo
27-06-2025
- Business
- Yahoo
Cineplex says CEO Ellis Jacob to retire at the end of 2026
TORONTO — Movie theatre company Cineplex Inc. says president and chief executive Ellis Jacob will retire at the end of next year. Cineplex board chair Phyllis Yaffe praised Jacob for his work in building the company and called him a giant in the industry. The company says Jacob will continue to lead Cineplex in the interim and help in the transition to new leadership. Jacob was appointed president and chief executive of Cineplex in 2003 when the Canadian assets of Lowes Cineplex Entertainment and Galaxy Entertainment Inc. were merged. Before his current role, Jacob was president and CEO of Galaxy Entertainment, which he co-founded in 1999. Cineplex has over 170 movie theatres and entertainment venues across Canada. This report by The Canadian Press was first published June 27, 2025. Companies in this story: (TSX:CGX) The Canadian Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
South China Morning Post
10-06-2025
- Business
- South China Morning Post
As Macau seeks economic diversification, 11 satellite casinos to cease operations
By the end of the year, 11 satellite casinos in Macau will cease operations, as the government seeks an economic diversification away from gambling and into exhibitions, entertainment and technology. Satellite casinos are small casinos operated by third parties but under concessionaires' licences. Analysts said the impact on concessionaires was 'broadly neutral', but some firms should see a more immediate increase in table yields. SJM Holdings said it would shut down seven of its nine satellites this year and buy the two others, Ponte 16 and L'Arc Macau, before directly managing them. Galaxy Entertainment Group said it would close the Waldo Casino 'due to commercial considerations', and Melco Resorts & Entertainment said it would shut down the Grand Dragon Casino along with three Mocha Club slot venues: the Mocha Hotel Royal, Mocha Kuong Fat, and Mocha Grand Dragon Hotel. On Monday, Tai Kin Ip, Macau's secretary for economy and finance, said there were around 5,600 local employees at the satellite casinos. He said 4,800 were employed by the concessionaires and 800 worked for the satellite casino operators. In 2022, the Macau government amended its gaming laws before granting six new 10-year casino concessions. It gave satellite casinos three years to shift from a profit-sharing model to a structure where they are directly owned by licensees.
South China Morning Post
02-06-2025
- Business
- South China Morning Post
Macau's Galaxy boss: hotel shortage ‘must be addressed' with Hengqin Island policy
A shortage of hotel rooms is hindering Macau 's growth, and further policy breakthroughs to facilitate the development of nearby Hengqin Island – three times the size of Macau – are needed to solve the problem, according to the chairman of Galaxy Entertainment Group 'As Macau shifts towards a more mass-market and event-focused model, the question of hotel rooms must be addressed,' said Francis Lui Yiu-tung in a briefing with Hong Kong reporters on Monday. With visitor arrivals growing, demand for hotel accommodations would continue to increase, and there was an urgent need for Macau to address the issue, he said. Macau had about 45,000 rooms and welcomed 35 million visitors last year. In comparison, Las Vegas has about 160,000 hotel rooms for 40 million annual visitors. According to Galaxy's estimates, Macau needs at least 15,000 more hotel rooms, especially mid-priced ones with daily rates below HK$1,000. Lui said policy breakthroughs to promote the development of nearby Hengqin Island would increase hotel capacity and help Macau's economic diversification. Mid-priced hotels in Hengqin would allow visitors to stay there but come to Macau for conventions, concerts and gaming, he said.
Zawya
09-05-2025
- Business
- Zawya
G2E Asia and Asian IR Expo Open Today, 100 Exclusive Product Launches on Display
HONG KONG SAR - Media OutReach Newswire - 9 May 2025 - G2E Asia and Asian IR Expo, the leading marketplace for the gaming, entertainment and integrated resorts sectors, officially opens today at The Venetian Macao, with more than 10,000 industry professionals from 80 countries and regions expected to attend. Running from May 7-9, the exhibition spans over 30,000 sqm, showcasing over 150 exhibitors and featuring cutting-edge products and technologies that encompass the full spectrum of the entertainment and travel industries. GRAND OPENING CEREMONY OFFICIATED BY KEY LOCAL INDUSTRY FIGURES The joint event officially commenced with a grand opening ceremony officiated by key figures from the local industry, highlighting the event's importance as the key platform and reinforcing the region's commitment to industry growth and cross-border collaboration. G2E ASIA CONFERENCE BEGINS WITH DISTINGUISHED KEYNOTE AND POWERHOUSE SPEAKER LINEUP Kicking off on May 7-9 alongside the exhibition, the G2E Asia Conference opened with a compelling program and a strong lineup of industry leaders. May 7 featured Francis Lui, Chairman of Galaxy Entertainment Group, delivering the opening keynote on the evolving entertainment landscape and Ed Bowers, President of Global Development of MGM Resorts International, presenting the afternoon keynote on gaming and market transformation. Centered around the Asian Market Forum, the day also welcomed notable speakers including Praveen Choudhary, Managing Director of Morgan Stanley Asia Limited; Fredric E. Gushin, Managing Director and Chief Executive Officer of Spectrum Gaming Group; and Niall Murray, Chairman of Murray International (Macau) Co. Ltd., setting the stage for two more days of strategic insights and future-focused discussions. 100 EXCLUSIVE PRODUCTS DEBUT ACROSS SHOW FLOOR Among the showcased products and solutions, 100 exclusive launches are making their debut in Asia for the first time. From established brands to rising stars, the launches span a diverse range of functions within the gaming and integrated resorts sectors, underscoring the limitless potential for innovation and growth within the industries. MAY 8 EVENT HIGHLIGHTS G2E Asia and Asian IR Expo continues May 8 with a full lineup of activities, including: The G2E Asia Conference running until May 9, addressing key topics including Technology and Innovations for Gaming; the 4 th Asia Pacific Responsible Gaming Forum; and IAGA Best Practices Institute. Speakers include Jerry Chan, Senior Vice President of Electronic Gaming & Special Projects of Okada Manila; Guojing Su, President and Professor of Asian Responsible Gaming Alliance; and Hikaru Oguchi, Partner of Nishimura & Asahi. The final day of the Asian IR Summit, offering in-depth discussions on Sportainment and New Era of Entertainment. Speakers include Kevin Benning, Senior Vice President and Studio City General Manager, Melco Resorts & Entertainment; Jeffrey Jiang, EVP- Entertainment Services, Galaxy Entertainment Group; Michael Jensen, Senior Vice President of Strategic Optimization of Wynn Macau and Wynn Palace; Jeremy Walker, Senior Vice President, Marketing and Event Services, Galaxy Entertainment Group; Raymond Lo, Senior Vice President, Head of Global Marketing and General Manager of Altira Macau and Mocha Clubs, Melco Resorts & Entertainment; David Baxley, Vice President of Regional Entertainment, Sands China Ltd. An afternoon of expert-led sessions on smart hospitality at the Tech Talk, located within the exhibition. An afternoon exploring table games technology at the Gaming Innovation Forum, also within the exhibition. Exclusive networking cocktail events designed for table games and marketing professionals. The G2E Asia After Party at Para Club Macau, City of Dreams, with tickets available for purchase onsite at the event. To learn more about G2E Asia, visit To learn more about Asian IR Expo, visit Hashtag: #G2EAsiaandAsianIRExpo The issuer is solely responsible for the content of this announcement. G2E & IR
