Gaming giant Galaxy Entertainment Group is continuing to ingratiate itself with Japanese consumers as the country’s new gaming sector moves closer to realisation. Japan has been a no gambling territory for years, but that’s set to change. Relaxation of regulations means that “integrated resorts” – resorts that include a casino or similar area as part of the building – are now a possibility. A limited number of operators have been given licenses to develop and run these premises. Galaxy is one such provider… and it’s looking to make a good impression early!
Galaxy’s share price has been flat over the last five days
Source: Yahoo Finance
Having recently sponsored junior football events, Galaxy is now looking to get music fans on-board. The company is sponsoring the STAND UP! CLASSIC FESTIVAL 19 – Japan’s biggest classical music festival. Taking place in Yokohama, it’s expected to attract an audience of more-than 10,000 people.
Galaxy’s chief operating officer for Japan, Ted Chan, said: “STAND UP! CLASSIC FESTIVAL ‘19 is a wonderful opportunity for us to support young and promising Japanese classical musicians and bring rich cultural entertainment to local communities. These musicians are the future of Japan’s classical music industry and along with our partners from the Principality of Monaco we sincerely hope they will one day be able to showcase their talents overseas. We also look forward to giving them a stage to perform in any IR we develop in Japan in the future. GEG will continue to support a wide variety of music, cultural and sporting events by bringing the world’s foremost entertainment to Japan and by introducing Japanese entertainment to the world.”
Dominion holds Galaxy Entertainment Group in its Global Trends Luxury Fund.
Author: Theo Leworthy