GALAXY ENTERTAINMENT GROUP
ANNOUNCES DECISION TO NOT PARTICIPATE IN YOKOHAMA’S CURRENT INTEGRATED RESORT SELECTION PROCESS
REITERATES INTEREST IN PURSUING IRS IN JAPAN
Tokyo, 17 May 2021 – Galaxy Entertainment Group (“GEG” or “the Group”) (HKEx stock code: 27) announced today its decision to not participate in the current Request for Proposal (“RFP”) Process in Yokohama, Japan and remains interested in pursuing an Integrated Resort (“IR”) license in Japan.
Francis Lui, Vice Chairman of GEG, commented that “Galaxy Entertainment Group (“GEG”), along with our partners from Monte-Carlo Société des Bains de Mer (“SBM”) from the Principality of Monaco, have been actively pursuing discussion for several years with the Japan Government and local communities including Yokohama. The world and business climate continues to evolve which has been exacerbated by the COVID-19 pandemic. We are honored to have learned a tremendous amount about the people, culture and ambitions of Yokohama and highly value the relationships that we have developed with the government, business associations and local community including Kanagawa over the past few years. We greatly appreciate the opportunity to play an active role in Yokohama’s IR selection process but have decided to not participate at this time. We will continue our dialogue to support Japan in achieving its goal to develop a sustainable and world class IR industry.”