By Kate O’Keeffe, Dow Jones Newswires
HONG KONG (Dow Jones)–Galaxy Entertainment Group Ltd. (0027.HK) said Thursday its HK$14.9 billion (US$1.9 billion) casino-resort project in Macau’s Cotai area will have its grand opening May 15.
The Hong Kong-listed casino operator, controlled by the family of tycoon Lui Che Woo, said it expects Galaxy Macau to be the only new resort to open in the Chinese gambling territory until “at least the end of 2011” and that it will feature 2,200 hotel rooms and over 50 food and beverage outlets.
Rival Sands China Ltd. said in August it would delay the opening of its over-US$4 billion expansion project in Cotai because of a lack of construction workers. Analysts have said they expect the first two phases of the project to begin operations in mid-2012.
