Galaxy Macau Phase III will be delayed until 2022

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Galaxy Macau Phase III will be delayed until 2022

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Galaxy Entertainment Group stated that due to the ongoing COVID-19 pandemic and restricted employee access, the launch of Galaxy Macau Phase III will be delayed until 2022.

Originally scheduled to launch in 2021, the third phase of the Galaxy Macau expansion will include the Galaxy International Convention Center, some new hotels and additional gaming and retail space.

"However, GEG Vice Chairman Lu Yaodong told the media at the second-quarter results announcement press conference that it is still subject to government approval, and the target is to launch in early 2022.

Lui Chi Woo said that in view of the fact that the current epidemic has not been completely controlled, it is difficult to determine the specific opening date, mainly because the epidemic has affected the acquisition of building materials and the recruitment of construction workers into Macau to a certain extent.

"We're working hard to get it right within our capabilities. Hopefully by early next year, parts of the third-phase project will be operational."

GEG Chairman Lui Che Woo said the company hopes to open at least one new hotel by the end of 2021, although Galaxy Macau's all-suite Raffles hotel may be delayed until next year. Raffles will follow the opening of the Galaxy International Convention Center and the Andaz Hotel, "which is expected to see a recovery in the MICE market".
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