Universal Entertainment Corporation, the parent company behind Okada Manila, has formally concluded the sale of its majority stake in Asiabest Group International Inc., marking the latest chapter in its evolving strategic roadmap. On August 8, 2025, Universal’s Hong Kong-based subsidiary, Tiger Resort Asia Ltd., completed the transfer of its 66.67 percent stake in the Philippine-listed entity to PremiumLands Corp., a privately held real estate developer, for a sum of PHP 510.4 million (approximately US$9 million).
Galaxy Entertainment Group has emerged as one of Macau’s most resilient and forward-looking gaming giants in the first half of 2025. Reporting a robust net profit of HKD 5.24 billion (US $667.6 million), the company achieved a 19.4 percent year-on-year jump in earnings. Reflecting this confidence, Galaxy has declared an interim dividend of HKD 0.70 per share, payable on October 31, underscoring its commitment to shareholders amid ongoing market uncertainties.
In a dramatic reversal of fortunes, The Star Entertainment Group has finally secured a binding agreement to sell its 50% stake in the Queen’s Wharf Brisbane integrated resort to long-standing joint venture partners, Chow Tai Fook Enterprises (CTFE) and Far East Consortium (FEC). The deal revives negotiations that had collapsed at the start of August, forcing Star into a precarious financial position—one that included looming repayment obligations of up to A$41 million to its partners.
In a strategic three-way pivot, Travellers International Hotel Group, Inc., the owner-operator behind Newport World Resorts, is set to assume a majority equity position in the beleaguered LETX integrated resort project in Manila’s Westside City. As reported by Inside Asian Gaming, this move positions Travellers to both fund the completion of the resort and lead its operations once it opens its doors.
On August 11, 2025, Galaxy Macau ushered in a new chapter of opulent hospitality with the soft launch of Capella at Galaxy Macau, exclusively unveiled to its most distinguished VIP guests. This invitation-only preview marks the highly anticipated debut of Galaxy Entertainment Group’s (GEG) tenth ultra‑luxury hotel, seamlessly integrated into Asia’s premier integrated resort.
Author: Janice Chew • Wednesday, 13/08/2025
