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.
Source: https://www.ggrasia.com/galaxy-macau-phase-3-expansion-delayed-to-late-2020/Galaxy Entertainment said previously that Phase 3 would feature 1,500 hotel rooms, some casino space, and a large-scale arena with 16,000 seats. The group has since applied to register as trademarks the names 'Galaxy Arena Macau' and 'Galaxy International Convention Center'.
The company had also stated previously that Phase 3 would have 400,000 square feet (37,161 sq metres) of space for meetings, incentives, conferences and exhibitions (MICE).
Galaxy Entertainment's management was quoted in a Tuesday note from brokerage Sanford C. Bernstein Ltd as saying that the 16,000-seat arena and the new MICE facility would open in late 2020 or early 2021. The new 1,500-room hotel tower was now scheduled to open in early 2021, according to Sanford Bernstein's memo.