Galaxy Macau is readying to commence construction on the resort’s third and fourth phases, however the multibillion-dollar expansion won’t add much square footage in regards to gaming space.
Billionaire Lui Che Woo says the next two expansions at Galaxy Macau will focus in the non-gaming guest.
In its 2016 report that is annual which ended up being filed just the other day, Galaxy Entertainment reveals some of the blueprints for its five-star flagship resort on the basis of the Cotai Strip. The Hong-Kong-based company hopes to commence construction on phase three in the belated first quarter or early second quarter of 2017.
Citing Macau’s ‘Tourism Industry Arrange,’ which aims to really make the gambling city less reliant on gaming revenue in favor regarding the mass market, Galaxy claims its additions will be utilized for entertainment and outdoor recreation.
‘Galaxy Entertainment continues to maneuver forward with Phases 3 and 4 . . . with virtually all floor areas allotted to non-gaming and primarily targeting MICE (meetings, incentives, conferences, and exhibitions),’ Galaxy Chairman Lui Che Woo said in the report.
Galaxy Macau opened in May of 2011 at a price of HK$16.5 billion ($2.1 billion). The resort at the time featured over 2,200 rooms across three hotels.
From its beginning, Galaxy Macau has been more focused on a wider demographic of guests compared to other companies purchased the reg (suite…)