{"id":27516,"date":"2022-02-23T09:22:03","date_gmt":"2022-02-23T12:22:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27516"},"modified":"2026-04-23T11:05:06","modified_gmt":"2026-04-23T14:05:06","slug":"galaxy-macau-phase-iii-could-open-by-the-end-of-this-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-macau-phase-iii-could-open-by-the-end-of-this-year","title":{"rendered":"Galaxy Macau Phase III could open by the end of this year"},"content":{"rendered":"\n

While sharing financial results for the fourth quarter of 2021, GEG chairman Dr Lui Che Woo said Galaxy Macau Phase III could open by the end of this year.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Galaxy Macau casino resort Phase III<\/a>\u00a0is effectively complete and ready to open when market conditions improve. GEG chairman Dr Lui Che Woo<\/strong>\u00a0said the phase could open by the end of this year but said it was difficult to give a firm timetable under current market conditions.<\/p>\n\n\n\n

He said: “Whether it is going to be the end of this year or early next year we will let you know in due course.”<\/p>\n\n\n\n

While presenting the\u00a0financial results for the third quarter of the year 2021<\/a>, the company had slated the\u00a0opening of the new Raffles brand hotel<\/strong>\u00a0at Galaxy Macau for early 2022. However, the launch date was delayed.<\/p>\n\n\n\n

Phase III is to feature 1,500 hotel rooms, casino space, a 16,000-capacity arena, and 400,000 square feet (37,161 square metres) of meetings, incentives, conferences and exhibitions space.<\/p>\n\n\n\n

The group\u2019s vice-chairman, Francis Lui Yiu Tung<\/strong>, added: “The commissioning date is not within our control entirely. We have to see the return of the visitors, which is something that the Macau government also wants.<\/p>\n\n\n\n

\u201cBasically our construction has been done. We are now taking delivery of the works, and are now working with the government departments concerned. We will support the government so that the permits will be issued in a timely manner for us.\u201d<\/p>\n\n\n\n

Galaxy Entertainment said it is\u00a0firmly focused on the development of Phase IV<\/strong>, which is already well underway.<\/p>\n","protected":false},"excerpt":{"rendered":"

While sharing financial results for the fourth quarter of 2021, GEG chairman Dr Lui Che Woo said Galaxy Macau Phase III could open by the end of this year.<\/p>\n","protected":false},"author":176,"featured_media":18426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Galaxy Entertainment Group (GEG) announced that Galaxy Macau Phase III is effectively complete, featuring significant casino, hotel, and MICE space, but its opening is delayed due to prevailing market conditions and the need for visitor return. While GEG chairman Dr Lui Che Woo indicated a potential late 2022 or early 2023 opening, the exact timetable remains uncertain, pending government permits and market recovery. Concurrently, GEG is progressing with Phase IV development.","focusai_entities":"GEG, Dr Lui Che Woo, Galaxy Macau, Raffles, Francis Lui Yiu Tung, Galaxy Entertainment","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Market Conditions for Opening?","query":"What specific quantitative or qualitative market conditions, beyond general visitor return, is Galaxy Entertainment Group monitoring to determine the optimal opening date for Galaxy Macau Phase III?"},{"label":"Impact on GEG Valuation?","query":"How will the delayed commissioning of Galaxy Macau Phase III impact GEG's projected GGR, NGR, and overall valuation for the next two fiscal years, considering ongoing capital expenditure for Phase IV?"}],"footnotes":""},"categories":[28,16338],"tags":[22935],"class_list":["post-27516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-galaxy-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=27516"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27516\/revisions"}],"predecessor-version":[{"id":27529,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27516\/revisions\/27529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}