Galaxy Entertainment Group announced today the appointment of Thomas Arasi – former President and Chief Operating Officer of Solaire operator Bloomberry Resorts Corp – as its new Chief Financial Officer.
Arasi replaces Ted Chan in the role, with GEG revealing Chan will step down from his position and depart the company on 22 November 2025. Arasi will officially join as CFO on 27 October 2025.
“Mr Arasi brings extensive expertise to the Group having over 35 years of corporate experience across multiple industries including Financial Services, Hospitality and importantly 16 years within Integrated Resorts,” said GEG Chairman, Francis Lui.
“Additionally, Tom is also multi-culturally sensitive having managed various business in North America, Japan, Singapore and Philippines. I am confident that under Tom’s leadership we will continue to have an exceptionally strong finance function to support the Group’s business performance and strategic growth. Tom will work with Ted to ensure a seamless handover, transition and leadership continuity.”
On Chan’s departure, Lui added, “I would like to acknowledge and thank Mr Ted Chan for his efforts and contributions to the Group over the past 7 years, who has decided to pursue personal interests.
“Ted joined GEG in 2018 as Chief Operating Officer – Japan Development and led our Japan development project through to 2022. Ted was appointed as the Company’s Chief Financial Officer in March 2023. During this period Ted has made valuable contribution to the Group in his key leadership role of leading Finance Operations, Corporate Finance and Investor Relations. He played a key leadership role with the management team in consolidating the Company’s position as the market leader in the industry. I personally wish him all the very best in his future endeavors.”
Chan said, “I deeply appreciate the Chairman’s kind support and guidance throughout the years. It is my privilege to serve this Company and work alongside many talented and dedicated colleagues. I am grateful for the opportunities, challenges and experiences in GEG over the past 7 years. The journey has been both professionally rewarding and personally enriching. I would like to express my deep gratitude for everyone who has been part of it.”
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