Galaxy Macau to open on Sunday

This Sunday (May 15), Macau welcomes a big, new player to town: Galaxy Macau. The HK$15.5 billion mega resort – the third of its kind in Cotai after the Venetian Macao and City of Dreams – is aiming to boost its parent company’s bottom line, while opening new markets for the gaming operator. The property’s casino will open with 450 tables and 1,100 slot machines, with the ability to expand to more than 600 tables and 1,500 slot machines. Galaxy Macau includes three hotels – Galaxy Macau, Banyan Tree Macau and Hotel Okura Macau -, a rooftop wave pool and around 50 food and beverage outlets. In September, it will open a 1,000 square metre multipurpose event plaza and a cinema complex, featuring nine screens, nearly 1,000 seats and 3D viewing experience. Galaxy Entertainment Group, who owns and manages the property, expects Galaxy Macau to be the only new integrated destination resort to open in Macau this year. Analysts agree, as there are increasing doubts as to whether Sands China will be able to launch the first phase of its parcels five and six in Cotai by the end of this year. Overall, analysts are estimating Galaxy’s new property will further propel Macau’s casino revenue upward to record highs. They do not expect it will impact negatively the other gaming operators, other than in the short-term.