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Galaxy Macau to Open May 15

Posted on May 1st, 2011

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The gambling industry has been the lifeblood of the Macau District in the recent years. In 2002, the government of Macau had decided to end the monopoly of the gambling tycoons in the area and open its doors to foreign investors. In 2007, the revenues from the said industry soared, even exceeding the revenues from the rhen top gambling destination Las Vegas Strip. In 2010, the earnings from the gambling industry all the more went beyond those from the Las Vegas Strip, beating the latter up to four times more. Just recently, the Gaming Inspection and Coordination Bureau of Macau revealed that the first quarter earnings for the year 2011 has reached to an enormous MOP20.09 billion, an amount MOP6.52 billion greater than that of last year’s revenues.

Over the years, Macau’s gambling industry has continued to strengthen the economy of the district, attracting even more local and foreign investors to the area. Nowadays, even the world-renowned resort-casino operators from the Las Vegas Strip have been having a great deal of expansions of their business ventures in Macau. Notably, the famous MGM Resorts International, the Wynn Resorts, the Las Vegas Sands and the Galaxy Entertainment Group all have big investments in the district, all of which continue to prosper. Along with the strong economy backed up by a legal system that supports them, it is no wonder that the owners of the resort-casinos continue to dream of their investments’ expansion.

One of the big fish in the group of worldwide casino operators is the Galaxy Entertainment Group. Through it subsidiary Galaxy Casino S.A., the Group has managed to acquire several resort-casinos in the Macau district, namely the StarWorld Hotel and Casino, the Four CityClub Casinos, and the soon to open Galaxy Macau. As for 2011, only one resort-casino is bound to open. The Galaxy Entertainment Group has finally decided to launch its $1.9 billion investment at the Cotai Strip, beside the Las Vegas Sands’ Venetian Macau. Due to be opened last 2009, the Group decided to delay its opening due to financial struggles during the year. Now, it is an all systems go for the long-awaited Galaxy Macau.

As the third investment of the Galaxy Entertainment Group in Macau, the Galaxy Macau is proudly depicted as an Asian-inspired “mystical oasis” resort-casino. Inside the 550,000 square meter property, the said resort-casino is due to open 2,000 rooms for its guests along with 250 suites and 10 floating villas for those who would want to enjoy a more exciting experience. Initially, three hotel groups, namely the Okura Hotels, the Banyan Tree Macau, and Galaxy’s own hotel, will comprise the ”Tower A” and “Tower B” segments of the resort-casino. Furthermore, to add to the impressive line up of structures due to rise on the Galaxy Macau property, the resort-casino brags of its nine-screen multi-purpose cinema and sky wave pool. There will also be more than 50 food and beverage stores to cater to Galaxy Macau’s guests and visitors. A man-made beach stretching over 4,000 square meters will likewise be offered to the tourists visiting the said resort-casino.

Touted to be one of the world’s largest casinos, the Galaxy Macau has a capacity that accommodate up to 3,000 slot machines and 600 gaming tables. However, for its opening, the company has revealed that it will initially put up 450 gaming tables, which will offer popular games of chance, such as blackjack, baccarat, stud poker, and roulette. Moreover, the resort-casino will offer VIP rooms for its guests who wish to engage in games with high bets inside a more exclusive environment. As for any new company, job openings are always a thing to look out for. An executive of the Galaxy Macau has already officially revealed that the company will require up to 8,000 new employees in addition to the employees the company already has working for them during the construction phase.

An interesting part of the Galaxy Macau development is that the complex, which will open on May 15, 2011, is just one-third of the company’s property in the Cotai Strip. This means that there is still two-thirds of the property to be developed. However, the company said that there are no specific plans yet for the rest of the land and that they are all focused in phase one for now.