SBM unites with Galaxy to bid on Japanese casino licence

Galaxy Macau, part of the Galaxy Entertainment Group (GEG) said it has partnered Societe des Bains de Mer (SBM) (BAIN.PA), hoping the Monaco peer will help it trump rivals to win a license in Japan’s nascent gambling market.

Galaxy and SBM will jointly develop and run entertainment businesses including casinos and hotels in Japan and the Asia-Pacific region, the companies said in a statement.

Commenting on the strategic partnership, SBM chairman and chief executive Jean-Luc Biamonti said: “Galaxy Entertainment’s success in Asia will certainly be a valuable enhancement to SBM’s portfolio”.

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