Let the Chips Fall

Monaco Private Label, an exclusive community established by the European principality, recently landed in Macau, in search of ultra-high-net-worth individuals. Tatler finds out more from the Monégasque minister Frédéric Genta and Galaxy Entertainment Group’s Troy Hickox

By Andrea Lo

One is a tiny European principality, while the other is a Special Administrative Region of China. Monaco and Macau might be 9,520km apart—but the two tiny coastal regions have more similarities than differences, says Troy Hickox, Galaxy Entertainment Group’s head of hotels and lifestyle development. Both are “small places dependent on tourism”. They have extensive motor racing histories: the Monaco Grand Prix dates back to 1929, while the Macau Grand Prix celebrates its 70th anniversary this year. Then there is gaming, which plays a major role in both—as is the desire to expand beyond it. “Neither wants to really be dependent on casinos—and they want to use them to generate opportunities for non-casino-related businesses to develop around it,” says Hickox. In April, Galaxy Entertainment Group (GEG) played host to a…

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Tatler Hong Kong (Digital) - 1 Issue, June 2024

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