ome analysts have speculated that work on the Galaxy Macau casino could be stopped because of problems financing the project, following a move by troubled US rival Las Vegas Sands to halt its projects in the territory. However, in a statement, Galaxy said it was “well capitalized” with about us$ 774.2 million in cash.
"’Construction work on Galaxy Macau continues and we have revised the development schedule to better align the opening with market conditions as they improve,” the statement said. “This is in no way a change in our strategy for Cotai. It is a commercial decision motivated by our objective to achieve a balance between development and the optimization of shareholder returns,” it concluded.