Galaxy Casino Macau Owners
Galaxy Entertainment founder Lui Che-woo's wealth has jumped by US$10.2 billion this year, the most of any Asian billionaire, as the world's gaming capital Macau draws record revenue and shares. Galaxy Macau is yet another palatial casino resort, once again decorated in Macau's favourite gold colour. It's a giant Asian palace style building that dominates the Cotai skyline. It's no less golden or attention grabbing on the inside, but it does have its less gaudy moments in the form of the Ritz-Carlton hotel that opened in the. Praia Grande Ed. China Plaza 762-804, 21fl. Tel: (853) 2856 9262 Fax: (853) 2837 0296 Email: enquiry@service.dicj.gov.moenquiry@service.dicj.gov.mo. Along with its neighboring family-friendly Broadway Hotel, Galaxy Macau presently features 3,770 occupancies, and a casino floor measuring 400,000 square feet. On Wednesday, GEG announced the debut of JinMen8, its new VIP gaming club at the top of the Ritz-Carlton hotel at Galaxy Macau. The opening has been three years in the making and the company claims to have spent MOP300m (US$37m) making sure there was exactly the right amount of gold leaf, marble and Ming vases lying about.
GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile
Synopsis
The 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.The 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' is part of World Market Intelligence's database of 25,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $50 million and key contact details for project managers, owners, consultants, contractors and bidders.
Summary
World Market Intelligence's 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' is a crucial resource for industry executives and anyone looking to access key information about the GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau construction project.World Market Intelligence's 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. World Market Intelligence strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
Scope
This report provides details on the GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile including:
Galaxy Casino Macau Owner Email
- Project description, overview and location.
- Key project contact details.
- Gain insight into the project.
- Monitor the latest project developments.
- Identify key project contacts.
Galaxy Casino Macau Owner Name
The Galaxy Entertainment Group Ltd. chairman Lui Che-Woo said that the next two phases of the HK$86 billion ($11 billion) Galaxy Macau project will include 'something special and high-tech' similar to the movie 'Avatar.'
Compared with larger theme parks such as Walt Disney Co.'s $5.5 billion Shanghai park that's due to open in June, 'our park will be smaller but unique,' he said in an interview in Hong Kong.
'Nowadays you already see that all these theme parks have different special ideas,' said 86-year-old Lui, who made his first fortune in construction before entering the casino industry in his 70s. 'So we're thinking of how to compete against them.'
The Galaxy Macau Phase Two and Broadway Macau projects started operations last May incorporating a 3,000-seat theater that's meant to broaden its appeal to families and tourists. The two properties boosted Galaxy's market share in the mass-market segment, helping its fourth-quarter earnings beat analysts estimates.
Construction of the third and fourth phases of Galaxy Macau, which will cost as much as HK$50 billion to build, were originally planned to start by end-2013, according to the company's 2012 annual report. The expansions were delayed as Galaxy re-evaluated the plans amid Macau's casino downturn, deputy chairman Francis Lui, son of the chairman, said in a briefing last month. Site investigation on the new phases is expected to start this year, the younger Lui said.
Galaxy Casino Macau Owners
Galaxy Entertainment founder Lui Che-woo's wealth has jumped by US$10.2 billion this year, the most of any Asian billionaire, as the world's gaming capital Macau draws record revenue and shares. Galaxy Macau is yet another palatial casino resort, once again decorated in Macau's favourite gold colour. It's a giant Asian palace style building that dominates the Cotai skyline. It's no less golden or attention grabbing on the inside, but it does have its less gaudy moments in the form of the Ritz-Carlton hotel that opened in the. Praia Grande Ed. China Plaza 762-804, 21fl. Tel: (853) 2856 9262 Fax: (853) 2837 0296 Email: enquiry@service.dicj.gov.moenquiry@service.dicj.gov.mo. Along with its neighboring family-friendly Broadway Hotel, Galaxy Macau presently features 3,770 occupancies, and a casino floor measuring 400,000 square feet. On Wednesday, GEG announced the debut of JinMen8, its new VIP gaming club at the top of the Ritz-Carlton hotel at Galaxy Macau. The opening has been three years in the making and the company claims to have spent MOP300m (US$37m) making sure there was exactly the right amount of gold leaf, marble and Ming vases lying about.
GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile
Synopsis
The 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.The 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' is part of World Market Intelligence's database of 25,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $50 million and key contact details for project managers, owners, consultants, contractors and bidders.
Summary
World Market Intelligence's 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' is a crucial resource for industry executives and anyone looking to access key information about the GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau construction project.World Market Intelligence's 'GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile' report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. World Market Intelligence strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.
Scope
This report provides details on the GEG – Cotai Galaxy Macao Casino Resort Phase III – Macau - Construction Project Profile including:
Galaxy Casino Macau Owner Email
- Project description, overview and location.
- Key project contact details.
- Gain insight into the project.
- Monitor the latest project developments.
- Identify key project contacts.
Galaxy Casino Macau Owner Name
The Galaxy Entertainment Group Ltd. chairman Lui Che-Woo said that the next two phases of the HK$86 billion ($11 billion) Galaxy Macau project will include 'something special and high-tech' similar to the movie 'Avatar.'
Compared with larger theme parks such as Walt Disney Co.'s $5.5 billion Shanghai park that's due to open in June, 'our park will be smaller but unique,' he said in an interview in Hong Kong.
'Nowadays you already see that all these theme parks have different special ideas,' said 86-year-old Lui, who made his first fortune in construction before entering the casino industry in his 70s. 'So we're thinking of how to compete against them.'
The Galaxy Macau Phase Two and Broadway Macau projects started operations last May incorporating a 3,000-seat theater that's meant to broaden its appeal to families and tourists. The two properties boosted Galaxy's market share in the mass-market segment, helping its fourth-quarter earnings beat analysts estimates.
Construction of the third and fourth phases of Galaxy Macau, which will cost as much as HK$50 billion to build, were originally planned to start by end-2013, according to the company's 2012 annual report. The expansions were delayed as Galaxy re-evaluated the plans amid Macau's casino downturn, deputy chairman Francis Lui, son of the chairman, said in a briefing last month. Site investigation on the new phases is expected to start this year, the younger Lui said.
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Galaxy makes up three-quarters of the elder Lui's $7.3 billion wealth according to Bloomberg Billionaires Index, making him Hong Kong's 10th-richest. As Macau's gambling business tumbled, Lui's wealth more than halved since the peak in 2014, when he was at one point Asia's second-richest person. Wynn and Adelson's fortunes both declined about 30 per cent as their Macau units struggled.
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Lui, who has transferred $1 billion worth of his companies' shares to charitable foundations last September and set up a 'Lui Che Woo Prize' for contributions to areas such as food safety and medicines, said he's circumspect about the current state of Macau's gambling market, calling the recent decline 'reasonable' after a decade of rapid growth.
'We continue to invest in Macau,' he said. Another of Galaxy's non-gaming resort will include water sports facilities located on Hengqin, an island that's part of mainland Zhuhai city neighbouring Macau, with details to be announced in the second half of this year, Lui said.
(macaunews/bloomberg)
