Galaxy Entertainment to grow by 50 percent
He believes that when Phase 2 of the Galaxy Macau is completed it will greatly impact on his company’s revenues.
Speaking to CNBC he said, “We have been seeing increases over the years in our profits. Next year, with the opening of Galaxy Phase II, I think the number may grow even more. Not only 36 percent, perhaps 40 percent. Compared to this year, 40 perhaps even 50 percent because Phase II will make everything bigger,” Lui is quoted as saying by CNBC.
The company enjoyed a 36% increase in profits for 2013 and with the new phase increasing capacity by 500 tables and over 1,000 slot machines. The new resort space will also create an additional 3,600 hotel rooms.
“After Phase II of our development is completed, 95 percent will be non-gaming components such as cultural performances, shopping and exhibitions. We will go in all directions so that Galaxy Macau will be more of a hub for relaxation and tourism and not so much gaming,” Lui added. “Moving forward, we’ll also focus on attracting mass-market customers.”
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