International edition
September 29, 2020

Construction to be completed as early as 2016

Galaxy to invest up to us$ 7.7 billion in Cotai

(Macau).- Galaxy Entertainment Group is planning to spend as much as us$ 7.7 billion on the third and fourth phases of its resort on Cotai, the company’s CFO Robert Drake said. The construction of phase 3 is expected to start in the end of 2013 or early 2014.

T

he construction of the 4,000-room project is expected to be completed as early as 2016. The us$ 2 billion-phase 2 project is currently in progress and will be completed in mid-2015. 

Drake also said he expects 2013 casino revenue for the city to increase by “mid-teens,” while VIP revenue will expand by “high single digit,” Bloomberg reports. He added that the company is considering a “golf course” or “some other non-gaming amenity” if it is successful in acquiring a piece of land on Hengqin Island, our sister publication Business Daily reports.

Drake said yesterday during G2E Asia 2013 that if the firm was successful in acquiring a plot there, it would seek to develop facilities complementary to what it has across the water at Galaxy Macau on Cotai.

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