• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 28 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Galaxy Macau Phase 3 to open progressively from 2Q23

Ben Blaschke by Ben Blaschke
Fri 24 Feb 2023 at 04:54
10 Years Ago: Cream of the Mass

Galaxy Macau

115
SHARES
2.9k
VIEWS
Print Friendly, PDF & Email

Galaxy Entertainment Group said Thursday that it will start progressively opening Galaxy Macau Phase 3 in 2Q23 – more than a year after construction was effectively completed.

Providing a development update as part of its FY22 and 4Q22 results release, GEG said both Galaxy Arena and Raffles at Galaxy Macau would open during the June quarter, although the launch of its new luxury lifestyle hotel Andaz Macau would remain dependent on market conditions.

As part of the property’s progressive opening, Phase 3 will host its first MICE event in April, followed by concerts K-Pop TREASURE and BLACKPINK’s world tour at Galaxy Arena.

“We are now firmly focused on the development of Phase 4, which is already well under way,” the company explained. “We see the premium market evolving with this segment preferring higher quality and more spacious rooms. We continue to proceed with the construction of Cotai Phase 4, our next generation integrated resort, which will complete our ecosystem in Cotai.”

In a note, Jefferies analyst Andrew Lee said news of the launch is “is a positive sign as management had previously noted that Phase 3 opening would depend on recovery outlook, hence reflects their positive outlook.”

GEG did, however, reveal that it still needs to hire an additional 700 new staff for non-gaming at Phase 3 as it battles a Macau-wide labour shortage.

Nevertheless, the company said it remains confident in the development of Macau, having recently committed a further investment of MOP$28.4 billion (US$3.5 billion) over the next decade, “of which over 96% of the investment will be used for non-gaming projects and exploring overseas customer markets over the next decade.

“Our further investment will have a particular focus on themed amusements, entertainment and performances, MICE, sporting events, culture and art,” GEG said.

“We will work with the Macau Government and are currently finalizing our investment plans which will be submitted to the Government by the end of March. We continue to review the Greater Bay Area and Hengqin for opportunities, but our current priority is focused on Macau.”

RelatedPosts

Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
Solutions Showcase: LT Game – Game Time

Macau’s Paradise Ent sees revenue rise 19% in 1H25 but notes need for regional expansion as impact of satellite casino closure nears

Thu 28 Aug 2025 at 06:06
Tak Chun boss Levo Chan to make mandatory cash offer for additional 29% stake in Macau Legend

Macau Legend to recognize US$165 million impairment on loss of satellite casino operations at Legend Palace

Wed 27 Aug 2025 at 04:39
Macau GGR down 62% year-on-year to MOP$2.48 billion in June

Morgan Stanley: Macau gaming stocks likely set for re-rating given recent dividend payouts

Tue 26 Aug 2025 at 12:59
Load More
Tags: Andrew LeeGalaxy Entertainment GroupGalaxy Macau Phase 3JefferiesMacau
Share46Share8
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

Tecnet Asia aids Asian debut of APEX Gaming’s Clover Link at Solaire Resort Entertainment City

Tecnet Asia aids Asian debut of APEX Gaming’s Clover Link at Solaire Resort Entertainment City

by Newsdesk
Thu 28 Aug 2025 at 13:15

APEX Gaming’s Clover Link series has made its Asian debut following installation of Clover Link Extreme at Manila’s Solaire Resort Entertainment City. Tecnet Asia, the official distributor of APEX Gaming in the region, said Clover Link Extreme – renowned for...

Winds of change

IAG announces program for 2025 IAG Academy Summit on 9 and 10 September at Manila Marriott, Newport World Resorts

by Ben Blaschke
Thu 28 Aug 2025 at 13:01

Inside Asian Gaming is delighted to release the official program for the 2025 IAG Academy Summit, to be held at Manila Marriott Ballroom A, Newport World Resorts on Tuesday 9 and Wednesday 10 September. The two-day program will feature a combination of traditional panel...

Crown Resorts found suitable to retain Melbourne casino license but China investigation ongoing

Crown Melbourne given two-year extension to deadline for implementation of mandatory carded play across table games

by Ben Blaschke
Thu 28 Aug 2025 at 06:47

Crown Melbourne will have an additional two years to expand its mandatory carded play technology to all table games after the Victorian government agreed an extension until December 2027. According to a report by The Sydney Morning Herald, legislation was...

Solutions Showcase: LT Game – Game Time

Macau’s Paradise Ent sees revenue rise 19% in 1H25 but notes need for regional expansion as impact of satellite casino closure nears

by Ben Blaschke
Thu 28 Aug 2025 at 06:06

Macau’s Paradise Entertainment has outlined its efforts to expand both its gaming equipment supply business and casino management experience across Asia after admitting it will suffer a material decline in revenue and profit once its contract to provide management services...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English