three people died and four were injured in an incident in late March<\/strong><\/em><\/a>. <\/p>\n\n\n\nAccording to JP Morgan analysts, Galaxy Entertainment is still giving guidance for a HKD50billion (US6.45billion) aggregate budget for Galaxy Macau Phase 3 and Phase 4.<\/p>\n\n\n\n
“There\u2019s still no comment on the split, but our guess is about HKD15billion for Phase 3 and approximately HKD35 billion for Phase 4,” the brokerage said in a note.<\/p>\n\n\n\n
“That said, Galaxy continues to fine-tune its project plan and design with increasing focus on high-end and larger units; the number of rooms is expected to be 3,500 (old: about 4,000), with the split likely at 1,400 to 1,500 [rooms] for Phase 3 and 1,900 to 2,000 for Phase 4.” <\/p>\n","protected":false},"excerpt":{"rendered":"
Operator still aiming for original opening of early 2021 but could see that slip back to mid 2021 as a result of the Covid-19 outbreak.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 Galaxy Macau Phase 3 development, including a luxury hotel and conference centre, is now projected for a mid-2021 opening, a delay from the original early 2021 target. This setback is attributed to the Covid-19 pandemic and a prior local-government-mandated suspension following a construction incident. The project's budget remains HKD50 billion for Phases 3 and 4, with a refined focus on high-end units and a reduced total room count.","focusai_entities":"Galaxy Macau, Galaxy Entertainment Group Ltd, JP Morgan, Andaz","focusai_location":"Macau, Cotai","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Revised ROI Phase 3?","query":"What is the revised projected Return on Investment (ROI) for Galaxy Macau Phase 3, considering the increased focus on high-end units and the reduced room count, and how does this align with pre-pandemic financial models?"},{"label":"Impact on Macau Market?","query":"How will the delayed opening of Galaxy Macau Phase 3 impact the competitive landscape and market share distribution among Macau's integrated resort operators in H2 2021, particularly within the premium mass and VIP segments?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[257],"class_list":["post-6446","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6446","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6446"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6446\/revisions"}],"predecessor-version":[{"id":777015553,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6446\/revisions\/777015553"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}