• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 19 May 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Delays see Galaxy Macau Phase 3 completion pushed back to 2021

Oscar Guijarro by Oscar Guijarro
Wed 14 Aug 2019 at 05:47
Delays see Galaxy Macau Phase 3 completion pushed back to 2021

Galaxy Macau’s Phase 3 development

2.1k
VIEWS
Print Friendly, PDF & Email

Galaxy Entertainment Group’s Phase 3 Galaxy Macau development is now headed for a late 2020 launch – delayed from mid-next year – with the new 1,500-room hotel pushed back to 2021, the company revealed on Tuesday.

Providing a progress report during a media event in Hong Kong to announce the company’s 2Q19 earnings results, Galaxy placed a late 2020 or early 2021 opening date on its 400,000-square foot MICE facility and 16,000-seat arena.

The company is “building as much as the government allows,”said Galaxy CFO Robert Drake, indicating that the pace of construction is limited by official procedures and permissions.

Galaxy Macau Phase 3 will also include additional F&B and retail outlets, with Deputy Chairman Francis Lui stating the company continues to adapt to the government’s diversification policy.

“The mid-market is what the government wants,” he said.

Phase 4 remains on track to open in 2022, Lui added, with piling work now complete and the company completing final preparations for construction.

Asked about a recent directive from Macau’s gaming watchdog, the Gaming Inspection and Coordination Bureau, banning VIP operators from conducting any of its cross-border activities on local soil, Lui said Galaxy “understands the government policy” and welcomed the change.

As to Galaxy’s own VIP policies given that group-wide VIP turnover declined by almost 38% in 2Q19, Lui said, “We will not compete in offering rebates to VIP, because it would be a vicious circle. We will compete in service.”

RelatedPosts

Labor of Love?

Macau gaming tax take plummets by more than 50% in April

Thu 19 May 2022 at 06:37
Employee dismissal to be “without cause” should Macau concessionaires be suspended under revised gaming law

Employee dismissal to be “without cause” should Macau concessionaires be suspended under revised gaming law

Wed 18 May 2022 at 19:09
Mainland China police arrest suspect in murder of two women at MGM Cotai

Mainland China police arrest suspect in murder of two women at MGM Cotai

Wed 18 May 2022 at 03:47
More than half of Macau’s premium mass player base to be impacted by China travel crackdown: Credit Suisse

More than half of Macau’s premium mass player base to be impacted by China travel crackdown: Credit Suisse

Tue 17 May 2022 at 18:37
Load More
Share38Share6
Oscar Guijarro

Oscar Guijarro

Oscar Guijarro is Deputy Editor of Inside Asian Gaming. He worked on communication in his motherland Spain until 2010, when a six-month stay in Shanghai turned into a full relocation to Macau some years later. His two-decade experience ranges subjects such as lifestyle, economy and technology from a multi-media approach.

Current Issue

Oz Casinos: What now?

Editorial: Does the foreigner-only casino model work?

by Ben Blaschke
Thu 28 Apr 2022 at 15:28

The COVID-19 pandemic, along with the international border closures it forced, is one of a number of recent headwinds to...

Oz Casinos: What now?

Oz Casinos: What now?

by Ben Blaschke
Thu 28 Apr 2022 at 15:14

With three inquiries into Crown Resorts completed, a review into Star Entertainment Group underway and a litany of damning findings...

Off Track: AUSTRAC’s AML Failures

Off Track: AUSTRAC’s AML Failures

by Ben Blaschke
Thu 28 Apr 2022 at 13:16

Australia’s anti-money laundering watchdog has launched civil proceedings against Crown Resorts in what appears to be a reaction to its...

Locals Game

Locals Game

by Ben Blaschke
Thu 28 Apr 2022 at 13:05

IAG recently spoke with Shaun McCamley, former President at integrated resort The Grand Ho Tram Strip on Vietnam’s south-east coast,...

Related Posts

Summit Ascent undergoes boardroom makeover as Suncity asserts control

Andrew Lo acquires former Chairman Alvin Chau’s stake in Suncity Group

by Pierce Chan
Thu 19 May 2022 at 18:33

The former Chairman of Hong Kong-listed casino investor Suncity Group, Alvin Chau Cheok Wa, has transferred his controlling stake in both Suncity and its majority-owned Summit Ascent Holdings to the company’s Executive Director Andrew Lo Kai Bong. According to transaction...

Bloomberry reveals new Philippines integrated resort project in Cavite

Bloomberry reveals new Philippines integrated resort project in Cavite

by Ben Blaschke
Thu 19 May 2022 at 09:51

Bloomberry Resorts Corp, the parent company of Manila’s Solaire Resort and Casino, has announced plans to develop a new integrated resort in Cavite, south of Manila. In a filing with the Philippine Stock Exchange on Thursday morning, Bloomberry revealed that...

Aristocrat’s “Ba Bao Huang Long” receives Best Theme award at MGS Entertainment Show 

Aristocrat books 42% profit increase in six months to 31 March 2022

by Ben Blaschke
Thu 19 May 2022 at 07:07

Australian slot machine and gaming giant Aristocrat Leisure Limited reported a 42.1% increase in net profit to AU$562.4 million (US$392 million) for the six months to 31 March 2022, driven by what it called “outstanding performance” in gaming operations and...

Labor of Love?

Macau gaming tax take plummets by more than 50% in April

by Newsdesk
Thu 19 May 2022 at 06:37

Tax revenue collected by the Macau SAR Government directly from gaming operators fell by 53.9% year-on-year to just MOP$1.48 billion (US$183 million) in April, reflecting a significant fall in gaming revenues in recent months. According to information published by the...


Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About
  • 中文
  • 日本語

© 2005-2022
Inside Asian Gaming.
All rights reserved.