{"id":29851,"date":"2022-05-13T08:41:10","date_gmt":"2022-05-13T11:41:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29851"},"modified":"2026-04-23T08:43:41","modified_gmt":"2026-04-23T11:43:41","slug":"galaxy-macau-phase-iv-could-be-completed-in-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-macau-phase-iv-could-be-completed-in-2024","title":{"rendered":"Galaxy Macau Phase IV could be completed in 2024"},"content":{"rendered":"\n<p>Francis Lui Yiu Tung, deputy chairman of Galaxy Entertainment Group, gave an update while sharing financial results for the first quarter of 2022.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Francis Lui Yiu Tung<\/strong>, deputy chairman of Galaxy Entertainment Group, has said that Galaxy Macau phase IV could open in 2024. Together with Phase III, the complex will add 3,000 high-end and family rooms and villas, and a 16,000-seat multi-purpose arena.<\/p>\n\n\n\n<p>There will also be space for meetings, incentives, conference and exhibition (MICE) businesses, food and beverage outlets, and shops, as well as casino facilities. Both phases III and IV focus on non-gaming facilities. <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/galaxy-macau-phase-iii-could-open-by-the-end-of-this-year\" target=\"_blank\">Galaxy Macau\u2019s Phase III<\/a>\u00a0is expected to open by the end of this year depending on market conditions.<\/p>\n\n\n\n<p>Lui also said he expected Macau&#8217;s Legislative Assembly to vote on and approve the city\u2019s new gaming law by June 26 in order to be able to begin <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-casino-licences-limited-to-six-with-a-duration-of-10-years\" target=\"_blank\">Macau\u2019s new public tender for gaming rights<\/a>.<\/p>\n\n\n\n<p>Galaxy Entertainment Group has recently shared its financial results for the first quarter of the year and reported that revenue was down 20 per cent year-on-year to HK$4.1bn (US$520m). The figure was also down 13.7 per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-revenue-down-7-for-q4\" rel=\"noreferrer noopener\">when compared to the fourth quarter of the year 2021<\/a>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Francis Lui Yiu Tung, deputy chairman of Galaxy Entertainment Group, gave an update while sharing financial results for the first quarter of 2022.<\/p>\n","protected":false},"author":176,"featured_media":8973,"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's Deputy Chairman, Francis Lui Yiu Tung, announced that Galaxy Macau Phase IV is projected to open in 2024, complementing Phase III's expected launch by year-end, both significantly expanding non-gaming facilities. Concurrently, GEG reported a 20% year-on-year revenue decline for Q1 2022, while anticipating Macau's new gaming law to be approved by June 26, paving the way for a new public tender for gaming concessions.","focusai_entities":"Francis Lui Yiu Tung, Galaxy Entertainment Group, Galaxy Macau, Legislative Assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming Strategy Impact","query":"Beyond the stated facilities, what specific non-gaming revenue diversification strategies are being implemented within Galaxy Macau Phases III and IV, and what is their projected contribution to NGR relative to traditional gaming verticals?"},{"label":"Gaming Law Concession Impact","query":"What are the anticipated key changes within the new Macau gaming law that could impact the operational governance frameworks and concession renewal terms for Galaxy Entertainment Group, particularly concerning capital expenditure commitments and non-gaming mandates?"}],"footnotes":""},"categories":[28,16338],"tags":[23959,23906],"class_list":["post-29851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-galaxy-entertainment-group","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29851","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=29851"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29851\/revisions"}],"predecessor-version":[{"id":29869,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29851\/revisions\/29869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8973"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}