![]() That model has already transformed Las Vegas, where two-thirds of the city’s revenue comes from non-gaming, and to a lesser extent in Singapore, where non-gaming revenue accounts for a fifth of revenue. They have encouraged casinos to supplement gambling with other attractions, such as shopping, restaurants and entertainment. The shift is by design: Macau and Beijing authorities have long sought to diversify Macau’s economy and have decreed that the city should become a “world center” for tourism and leisure. Galaxy has excelled by leading Macau’s transition from hunting for high-rolling whales to hauling in a far larger, more lucrative, wave of middle-class gamblers from mainland China. He has launched a two-phase development that could double the footprint of his flagship Galaxy Macau in Cotai. “We let our results speak for themselves,” says Lui, in a rare interview. ![]() billionaire Sheldon Adelson, for dominance in Macau. Galaxy also challenges and sometimes bests former partner-turned-rival Sands China, controlled by U.S. Galaxy is expected to earn HK$13 billion ($1.7 billion) in 2018, more than double what the Ho family-linked companies SJM Holdings, Melco Entertainment and MGM China are forecast to post-HK$6.2 billion in net profits combined, according to JPMorgan and Sanford Bernstein reports.
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