Lui Che Woo <\/strong>confirmed that Cotai Phase 3 was effectively completed and is scheduled to progressively open in Q2 2023.<\/p>\n\n\n\nCotai Phase III includes 1,500 hotel rooms<\/strong>, casino space, a 16,000-capacity arena and 400,000 square feet (37,161 square metres) of meetings, incentives, conferences and exhibitions space. In April, the venue will host its first MICE event and its first concert.<\/p>\n\n\n\nIt also includes two hotels: the Raffles tower, with 450 rooms, will open in the second quarter, while Andaz Macau, with 700 rooms, will open “when appropriate” as Galaxy Entertainment continues to assess market conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to JP Morgan Securities, Galaxy Macau Phase III will make the resort “an even more appealing holistic destination”.<\/p>\n","protected":false},"author":176,"featured_media":15107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan Securities projects Galaxy Macau Phase III will enhance the resort's market share, particularly in the premium mass segment, by optimizing its cost\/margin structure with a reduced non-gaming employee count compared to pre-pandemic levels. The progressive Q2 2023 opening of Phase III introduces 1,500 hotel rooms, casino space, a 16,000-capacity arena, and significant MICE facilities, with specific hotel openings staggered based on market conditions.","focusai_entities":"JP Morgan Securities, JP Morgan Securities (Asia Pacific), DS Kim, Mufan Shi, Galaxy Entertainment, Galaxy Entertainment Group, Lui Che Woo, Raffles, Andaz Macau","focusai_location":"Macau, Cotai","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Premium Mass Strategy","query":"How will Galaxy Macau Phase III's non-gaming amenities and optimized cost structure specifically enhance its competitive positioning in the premium mass segment against other Cotai operators?"},{"label":"MICE Revenue Projections","query":"What are the projected revenue contributions from the new 400,000 sq ft MICE space and 16,000-capacity arena, and how will these impact the resort's overall GGR\/NGR diversification strategy?"}],"footnotes":""},"categories":[157,16338],"tags":[23959],"class_list":["post-777002754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-galaxy-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002754","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=777002754"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002754\/revisions"}],"predecessor-version":[{"id":777002777,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002754\/revisions\/777002777"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15107"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}