Casino firm Galaxy mulls acquisitions, spends HK$3.6 billion upgrading

Galaxy Entertainment says it is looking for acquisitions in Macau after the region's gaming industry grossed more than 29.59 billion patacas last month, its second highest ever.

Despite a shortened Golden Week holiday in May and the central government's anti-graft initiatives, gaming revenue in Macau rose 13.5 per cent year on year last month and 14.2 per cent in the five months to May.

The casino operator said Macau's prosperity would no longer rely on the gaming industry, and that tourism and exhibition businesses would fuel growth.

via Business feed http://www.scmp.com/business/companies/article/1252892/casino-firm-galaxy-mulls-acquisitions-spends-hk36-billion