Galaxy Macau Casino Doubling Size with $2.1b Expansion
The Galaxy Macau is already one of the most successful casinos in the world’s largest gambling destination. But Galaxy Entertainment has even bigger plans for their flagship casino since they’re undergoing a $2.1 billion expansion (HK$16 billion) that’s set to be completed by 2015. Getting into the exact details of the expansion, the add-on will include 500 more gaming tables, 1,000 slot machines, two new hotel areas, extra shops and restaurants, and an additional 1 million total square feet.
Lui Che-woo, who is the Galaxy Entertainment Chairman, said that the motivation behind this pricey expansion is to “diversify Galaxy’s long-term income stream” by targeting people who are interested in the resort experience. Gaming experts strongly believe that Galaxy Macau’s expansion will have a positive overall effect on the area’s tourism. After all, the new shopping districts and restaurants that’ll be added to the Galaxy Macau should entice interested tourists.
Current attractions to this casino include a 52,000-square-foot wave pool complete with artificial sand, a unique fountain/diamond display (Fortune Diamond), wishing crystals, and UA Galaxy Cinemas. With its large list of offerings, Galaxy Macau Casino has played a big part in Macau’s recent prosperity.
Speaking of which, Macau is on pace for yet another record year after seeing its casinos earn over $9.9 billion during the first three months of 2012. At this rate, the former Portuguese colony would break last year’s $33.5 billion in revenue, which was a world record.
Macau is expected to receive a big boost from the recent opening of Sands Cotai Casino. This venue cost $4.4 billion to build, and it’s received lots of media hype due to a unique Himalayan mountain theme and costly bill. Another interesting thing about Sands Cotai is that – because of numerous delays during construction – many people were surprised when it was actually finished.