Published
Land-BasedCasinoLegal & Regulatory

Galaxy Entertainment Group plans Phase 4 of its Cotai resort

Galaxy Entertainment Group (GEG) is planning to expand its presence in Macau. The project is identified as Galaxy Macau Phase 4 and will cost approximately MOP13.01bn ($1.63bn).

Cotai

GEG has partnered with China State Construction International Holdings Ltd and construction is scheduled to take around three years before completion.

The operator will receive a MOP245m performance bond from China Construction “to guarantee China Construction’s due performance of the relevant contract services,” while GEG will pay the construction company according to monthly evaluations carried out by external consultants.

The group stated it is positioned for long-term growth and said Phase 4 of the resort fits within its developmental targets: “The Group has been proceeding with the development and expansion of the current footprint in Macau, and continuously reviewing and refining plans to ensure a world-class optimal development. Cotai Phase 4 has been one of our key development projects.”

GEG is currently preparing to launch its Phase 3, featuring 1,500 hotel rooms, additional casino areas and an arena with 16,000 seats.

The launch was pushed back from the first half of 2021 to the second half, with the COVID-19 pandemic delaying development. GEG has warned it’s likely the pandemic will also impact plans for Phase 4.


Asia News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Ainsworth Game Technology
Seneca Gaming Corporation
Isle of Man Gambling Supervision Commission
Gaming Inspection and Coordination Bureau (DICJ)
Bragg Gaming
Follow Us

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the Lead Partner

A message from BetConstruct - Lead Partner of the Global Gam...

The year in review

The Event Manager of the Global Gaming Awards reviews the mo...

Casino Operator of the Year 2025

We present to you the 2025 Shortlist for the Casino Operator...

Facing facts: FY revenue figures reflect a turbulent '24

Who soared high and who fell behind in 2024? Gambling Inside...

Taking stock: Moving through to Q2

Gambling Insider tracks online casino operator and supplier...

Preview: This year's Global Gaming Awards Asia-Pacific and Americas

It’s that time of year once again, as the Global Gaming Aw...

Costa Rica: Effective regulation is the industry's path forward

Gambling Insider Senior Staff Writer Beth Turner spoke with...