Galaxy Macau is readying to commence construction on the resort's third and 4th stages, nevertheless the multibillion-dollar expansion won't add much square footage in terms of gaming area.
Billionaire Lui Che Woo says the following two expansions at Galaxy Macau will focus regarding the guest that is non-gaming.
In its 2016 yearly report, which had been filed just last week, Galaxy Entertainment reveals some of the blueprints for its five-star flagship resort based on the Cotai Strip. The Hong-Kong-based company hopes to commence construction on stage three in the late first quarter or very early second quarter of 2017.
Citing Macau's 'Tourism Industry Plan,' which aims to help make the gambling city less reliant on gaming revenue in favor for the mass market, Galaxy claims its additions will be used for activity and activities that are recreational.
'Galaxy Entertainment continues to move forward with Phases 3 and 4 . . . with virtually all floor areas assigned to non-gaming and primarily targeting MICE (meetings, incentives, conferences, and exhibitions),' Galaxy Chairman Lui Che Woo stated in the report.
Galaxy Macau launched in May of 2011 at a high price of HK$16.5 billion ($2.1 billion). The resort during the time featured over 2,200 rooms across three resorts.
From its beginning, Galaxy Macau has been more focused on a wider demographic of guests compared to many other companies commi