Galaxy Casino Macau Owner
When Macau ended Stanley Ho’s casino monopoly in 2002, he believed his market knowledge ensured continued success. But when Sheldon Adelson’s Las Vegas Sands opened Sands Macao in 2004, Ho’s.
| Galaxy Macau 澳門銀河綜合渡假城 | |
|---|---|
| Address | Galaxy Macau™ Resort, Cotai Strip, Macau, China |
| Opening date | 15 May 2011; 9 years ago |
| No. of rooms | 2,200 (1,500 in Galaxy Hotel, 410 in Hotel Okura Macau and 238 in Banyan Tree Hotel) |
| Total gaming space | 550,000 m² |
| Signature attractions | Artificial beach and wave pool |
| Notable restaurants | Over 50 outlets |
| Casino type | Land-Based |
| Owner | Galaxy Entertainment Group |
| Architect | Simon Kwan & Associates |
| Website | galaxymacau.com |
- 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.
- The 550,000 square metres (5,900,000 sq ft) property offered around 2,200 hotel rooms comprising the 1,500-room Galaxy Macau hotel tower complete with casino and entertainment areas, as well as two hotel partners, the Japanese-owned 410-room Hotel Okura and the Singapore-operated Banyan Tree Hotel that will have 254 suites.
- The interior of the Galaxy Macau casino and hotel in Macau, China, on Feb. Photo: VCG Galaxy Entertainment Group Ltd., one Macau’s biggest casino operators, reported its profit dropped 7% in the first half of the year as the world’s richest gambling hub continues its efforts at a recovery after a national crackdown on corruption.
- The management of Macau casino operator Galaxy Entertainment Group Ltd says the launch date for the first portion of Phase 3 of its flagship Cotai casino resort, Galaxy Macau (pictured), will now likely take place late next year, rather than in the middle of 2020 as previously flagged.
| Galaxy Macau | |||||||||||
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| Traditional Chinese | 澳門銀河綜合渡假城 | ||||||||||
| Simplified Chinese | 澳门银河综合渡假城 | ||||||||||
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Galaxy Macau (Chinese: 澳門銀河綜合渡假城) is a casinoresort located on the Cotai Strip, Macau, China. Construction on the Cotai project began in 2002. Its opening was rescheduled several times. Its developer, Galaxy Entertainment Group, announced on 10 March 2011 that the HKD 14.9 billion (US$1.9 billion) resort would officially open on 15 May 2011.[1] The resort is designed by Gary Goddard.[2] The resort consists of six different hotels, each with its own 'theme', Galaxy Macau, Broadway Macau, Banyan Tree, Hotel Okura, The Ritz Carlton and JW Marriott.
History[edit]
When the Cotai project's first phase opened in 2011. The 550,000 square metres (5,900,000 sq ft) property offered around 2,200 hotel rooms comprising the 1,500-room Galaxy Macau hotel tower complete with casino and entertainment areas, as well as two hotel partners, the Japanese-owned 410-room Hotel Okura and the Singapore-operated Banyan Tree Hotel that will have 254 suites.
On 26 April 2012, Galaxy Macau announced that JW Marriott and Ritz-Carlton hotels would be added to the Cotai resort.[3] Galaxy's Chief Financial Officer Robert Drake said it would start construction of the two hotels at the end of 2013 and begin operations gradually from 2016 through 2018.[4]
According to a presentation released by Galaxy Entertainment, the total investment for Galaxy Phase 2 was estimated to be 16 billion HKD with construction completion scheduled for mid-2015. Phase 2 would consist of 450,000 square metres (4,800,000 sq ft) of new resort space, an additional 3600 hotel rooms and increasing the casino table count by 500.[5]
Attractions[edit]
Grand Resort Deck with wave pool and artificial beach[edit]
The Grand Resort Deck offers scheduled all-day water activities. It was expanded in May 2015 to 75,000 square meters. It can be used by the Galaxy Hotel guests (at any one of the 6 hotels). Day passes are also sold to non-hotel guests. The grand resort deck[6]
Fortune Diamond[edit]
Every 20 minutes, the Diamond Lobby's main attraction, the fountain displays a giant Fortune Diamond, accompanied with music. This show spans 5 minutes.
At the start of the show, the accompanying music begins and the fountain exteriors are raised with the above chandeliers raising as well, to cover for the diamond rising. Then, the exterior fountain drops to reveal a large diamond spinning around with overhead lamps shining across it, displaying several colours. After its spin, the fountain exteriors raise again to hide the diamond and the fountain exteriors drop to its normal positions, thus ending the show.
Jeremy Railton, President of Entertainment Design Corp, commented, 'It's a metaphor for wishing casino goers eternal luck and prosperity.'[7][8]
Wishing Crystals[edit]
The lobby also houses a series of 'crystals' that float above a pool of water. The decorations have motion sensor technology that triggers special visual effects when guests come close. When all the 'crystals' are activated, good luck symbols flash from the 'crystals' and reflect in the water.[9]
Gold Leaf Cupolas[edit]
There are 6 gold-covered cupolas at the top of the two towers of Galaxy Macau.[10] Four of them measure 15 metres (49 ft) high and the other two at 24 metres (79 ft).[11]
Galaxy Laserama[edit]
The gold-leaf cupolas of Galaxy Macau feature a laser show system which projects laser beams into the sky every 15 minutes. It is claimed to be the largest laser show in the world and is visible across Macau.[citation needed]
UA Galaxy Cinemas[edit]
On 15 December 2011, Galaxy Macau opened UA Galaxy Cinemas & East Square. Action star Jet Li and director-producer Tsui Hark were among the VIP guests to celebrate the occasion. The opening programme included the premiere of Tsui's latest work, The Flying Swords of Dragon Gate 3D, China's first 3D wuxia movie, which stars Li, Zhou Xun, Chen Kun and Gwei Lun-mei.[12]
Hotels in Galaxy Macau[edit]
| Hotels | Management |
|---|---|
| Hotel Okura Macau | Okura Hotels & Resorts |
| Banyan Tree Macau | Banyan Tree Holdings Limited |
| Galaxy Macau | Galaxy Macau |
| JW Marriott Macau | JW Marriott Hotels & Resorts |
| The Ritz-Carlton, Macau | JW Marriott Hotels & Resorts |
Future development[edit]
On 9 January 2014, Galaxy Entertainment Group Ltd announced that the Michelin 3 Star 8½ Otto e Mezzo Bombana restaurant will be a feature at Galaxy Macau's under construction Ritz-Carlton hotel.[13]
The next three phases of Galaxy Macau is estimated to cost $70 to $80 billion HKD according to the 21st Century Business Herald reports. These phases would be focused on entertainment, culture and sport rather than gaming and gambling. The next hotel may will be The Intercontinental Macau ( 澳門洲際酒店 ) and The Hilton Hotel Macau (澳門希爾頓酒店).
See also[edit]
References[edit]
- ^Galaxy to open Cotai resort on May 15.Archived 12 August 2012 at WebCite 11 March 2011 09:06:00 Tiago Azevedo. Macau Daily Times
- ^Asia Theme Park Boom Is Big Business for Designers By Kelvin Chan Business Writer HONG KONG 21 July 2011 (AP)
- ^'Galaxy Macau(TM) Phase 2 -- A New Chapter Begins'. prnewswire.com. 26 April 2012.
- ^Vinicy Chan (22 May 2013). 'Galaxy to Spend Up to HK$60 Billion in Casino Expansion'. Bloomberg.com.
- ^Galaxy Entertainment Group (26 April 2012). 'GALAXY MACAU PHASE 2 A new chapter BEGINS'(PDF). Retrieved 30 November 2013.
- ^http://www.galaxymacau.com/en/relax/grand-resort-deck
- ^[1] Entertainment Design Corp
- ^Galaxy reschedules Macau mega resort opening to 2011 23 August 2010 Macau News
- ^New $1.9 Billion Galaxy Resort in Macau Dazzles visitors with a Pair of Attractions designed by Four-Time Emmy Winner Jeremy Railton.Archived 14 May 2012 at WebCite 27 June 2011 Entertainment Design Corporation
- ^Galaxy Macau celebrates topping-out Archived 7 April 2012 at the Wayback Machine 16 February 2011 Macau Business
- ^WOW Features at Galaxy MacauArchived 22 October 2011 at the Wayback Machine Galaxy Macau Official Website.
- ^A NIGHT AT THE MOVIES GRAND OPENING OF UA GALAXY CINEMAS & EAST SQUARE, GALAXY MACAUPrestige Hong Kong. 15 December 2011.
- ^'Galaxy Macau to have an 8½ Otto e Mezzo Bombana'. Macau Business. 9 January 2014. Archived from the original on 10 January 2014.
External links[edit]
| Wikimedia Commons has media related to Galaxy Macau. |
Coordinates: 22°08′59″N113°33′10″E / 22.14972°N 113.55278°E
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 Owner
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.
Galaxy Casino Macau Owner Relations
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.
Galaxy Casino Macau Owner Name
(macaunews/bloomberg)