Galaxy Entertainment Group has a 5% stake in the Monaco hotel and casino operator, which was founded in 1863 and is provided by a third party in Societe des Bains de Meret du Cercle du Etrangersa Monaco (SBM).

Galaxy is a Macao casino operator controlled by billionaire Louis Chew and owns six properties in Macau and Kotai districts, including recently opened Broadway Macao and recently expanded Galaxy Macao casinos.

It appears to be diversification to prepare for the continued and open downturn in the Macau market, which has been going on for more than a year due to a month-on-month decline in revenue.

SBM is partially owned by Monaco State. SBM manages and owns casinos, hotels, restaurants, bars, night clubs, spas, beach clubs and golf clubs. The Monte Carlo Company was founded by Charles III, Fran ̧ and Blanc and Marie Blanc. Their portfolio includes Monte Carlo Sporting Club & Casino, Opera de Monte Carlo and Hotel de Paris, which have been in operation since the 1800s. 동행복권파워볼

Separately, Bloomberg reported that LVMH Mö Hennessy Louis Vuitton SE will also buy a 5% stake in SBM, Monaco's largest employer.