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Galaxy Entertainment acquires stake in Betclic Everest owner SBM

28th July 2015 8:09 am GMT

Macau-based casino operator Galaxy Entertainment Group has moved to diversify its business by acquiring a minority stake in Société des Bains de Mer (SBM), part-owner of iGaming operator Betclic Everest Group.

Galaxy is to acquire ordinary shares equivalent to approximately 5 per cent of SBM’s issued share capital from an independent third party. Neither the seller, nor the price Galaxy paid for the stake, has been disclosed.

The operator, which owns the Galaxy Macau, StarWorld Macau Hotel [...]

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