Macau casino concessionaire Galaxy Entertainment Group (GEG) has awarded the sub-contract for façade works on its Galaxy Macau Phase 4 development in Cotai to China State Construction Development Holdings Limited in a deal described as “the largest single contract amount of façade construction contract in the world.”
The company’s wholly-owned subsidiary Far East Facade (Macau) Limited will take on the HK$2.24 billion (US$285 million) project, marking the latest in a series of substantial development projects for China State Construction in the region. Its previous Macau work has included Wynn Palace MGM Cotai and The 13, while it also developed Parq Resort & Casino in Vancouver, Canada.
“It is expected that this project will be the largest single contract amount of façade construction contract in the world,” the company said.
“We have been committed to building the ‘Far East Façade’ brand, proactively improving our strengths and striving for excellence in various construction projects in order to meet or even exceed the expectation of different parties. We are delighted that our efforts have been recognized and we will continue to enhance our credibility and reputation in the industry, as well as further expand our business development and growth.”
Providing an update on Galaxy Macau’s expansion work during its most recent earnings update for the March 2021 quarter, GEG confirmed that Phase 3 is now effectively completed and will open gradually from later this year, while work is “well underway on Phase 4.
“We see the premium market evolving with this segment preferring higher quality and more spacious rooms,” GEG said. “Cotai Phase 4 is an integrated resort for the next generation, which will complete our ecosystem in Cotai.
“Phases 3 & 4 combined will have approximately 3,000 high-end and family rooms and villas, 400,000 square feet of MICE space, a 500,000 square feet 16,000-seat multi-purpose arena, F&B, retail and casinos, among others. As you can see, we remain highly confident about the future of Macau where Cotai Phases 3 and 4 will support Macau’s vision of becoming a World Centre of Tourism and Leisure.”