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.
Macau’s integrated resorts are steadily raising the bar in baccarat innovation, with Citigroup’s latest premium gaming analysis unveiling an industry pivot—one driven by the rise of “Big/Small 7” side bets and the growing adoption of smart-table technology.
Amid a crowded August concert season in Macau, Galaxy Entertainment Group—and particularly its flagship Galaxy Macau resort—has seen a notable lift in casino activity thanks to the popularity of Hong Kong superstar Eason Chan. Citigroup analysts George Choi and Timothy Chau reported that the average premium mass-market live-baccarat table bet in August climbed 10 percent year-on-year, reaching HKD 21,543 (approximately US $2,744).
Author: Janice Chew • Tuesday, 12/08/2025
