MACAU BUSINESS
Final countdown G
by Emanuel Graça
Galaxy Macau is gearing up for its opening night – whenever that may be – with plenty of big promises to live up to
alaxy Macau, Galaxy Entertainment Group’s new flagship property in Cotai, is speeding up preparation to open its doors, although officially the company continues only to say it will open in
“early 2011”. “There is still no concrete date we can possibly
reveal at this moment,” Raymond Yap, senior vice- president for international premium market development told Macau Business. “We are still sticking to our promise that it will be early 2011.” Besides Galaxy Macau, parcels five and six from Sands China are the only two other gaming properties currently under development. Last August, Sands delayed the opening of the first phase to the fourth quarter of this year. Then in November, it said “until adequate labour quotas are received, the
timing of the completion of phases I and II [parcels five and six in Cotai] is currently not determinable with certainty.” It is likely Galaxy Macau will be the only property
to debut this year, which can only further increase the property’s potential. Mr Yap admits Galaxy Entertainment has a “bullish outlook” for the resort but he doesn’t disclose estimates. Mr Yap says the company is now completing the
last touch-ups and cleaning up the site. “Fit out is almost completed and we are marching into the inspection stage,” he says. “Very soon, we are going to announce the definitive opening day.” In advance of the launch, the company is in talks with junkets to operate VIP rooms. Negotiations are “running smoothly,” says Mr Yap, without elaborating. However, he confirms the company will also be
20 MARCH 2011
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