Galaxy Macau

Galaxy Macau
澳門銀河綜合渡假城
Galaxy Macau (2011)
Address Galaxy Macau™ Resort, Cotai Strip, Macau, China
Opening date 15 May 2011 (15 May 2011)
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 Macau (Chinese: 澳門銀河綜合渡假城) is a casino resort 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 (USD 1.9 billion) resort would officially open on 15 May 2011.[1] The resort is designed by Gary Goddard.[2]

History

First phase

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.

Attractions

Wave pool and artificial beach

Above the gaming area there is a 52,000 square metres (560,000 sq ft) resort, with gardens, six swimming pools (including a wave pool) and an artificial 2,000 square meters beach with white sand.[3] The grand resort deck offers scheduled all-day water activities.[3]

Fortune Diamond

In Galaxy's lobby, a fountain turns into a roulette wheel before a giant diamond rises out of the top.Then the Diamond spins then drops"It's a metaphor for wishing casino goers eternal luck and prosperity", said designer Jeremy Railton, President of Entertainment Design Corp.[4][5]

Wishing Crystals

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.[6]

Gold Leaf Cupolas

There are 6 gold-covered cupolas at the top of the two towers of Galaxy Macau.[7] Four of them measure 15 metres (49 ft) high and the other two at 24 metres (79 ft).[8]

Galaxy Hotel Macau, Poolside

Galaxy Laserama

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 shows in the world and is visible across Macau.[8]

Banyan Tree Macau

Banyan Tree Macau is the Group’s first property in the former Portuguese enclave. It will be the first in Macau to feature private indoor relaxation pools in all its 246 suites, overlooking the city.

Ten Pool Villas, ranging from 450–950 square metres (4,800–10,200 sq ft), feature both private pools and air-conditioned cabanas with sliding glass doors opening directly onto their own gardens on the 'Beach Resort Deck.'

HotelsManagement
Hotel Okura MacauOkura Hotels & Resorts
Banyan Tree MacauBanyan Tree Holdings Limited
Galaxy MacauGalaxy Macau
JW Marriott MacauJW Marriott Hotels & Resorts
The Ritz-Carlton, MacauJW Marriott Hotels & Resorts

Future development

Renovations in Phase I

The Cotai resort is not completely finished, with its private club and restaurant China Rouge, inspired by 1930’s Shanghai 'still under development'.

Galaxy Macau only takes up one third of the area granted by the government in Cotai.

Phase II

Galaxy Resort Phase II in Macau with completed Phase I (2 buildings on the right). Taken in April 2015
JW Marriott Hotel Lobby

On 26 April 2012, Galaxy Macau announced that JW Marriott and Ritz-Carlton hotels will be added to the Cotai resort.[9] Galaxy's Chief Financial Officer Robert Drake said it will start construction of the two hotels as early as the end of 2013 and begin operations gradually from 2016 through 2018.[10]

According to a presentation released by Galaxy Entertainment, the total investment for Galaxy Phase 2 is 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.[11]

Next Three Phases

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.[12]

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).

Finances

Galaxy Macau opened with a 7 percent increase in budget to HKD 16.5 billion in the last quarter of 2011. "The small variance to budget was primarily caused by an increase in construction labour cost and more construction workers associated with our accelerated rollout program, various enhancements to the resort and small changes in scope," said the company. "In just 47 days, Galaxy Macau generated revenue of HKD 2.4 billion and EBITDA of HKD 376 million."

Galaxy Macau is helping to boost Galaxy Entertainment Group’s gross gaming revenue. The casino operator, whose market value has more than quadrupled in the past year, was second in the gross gaming revenue rankings in July, grabbing a market share of almost 19 percent, according to figures compiled by Macau Daily Times. The company ranked only behind SJM Holdings, jumping ahead of Sands China Ltd, Wynn Macau and Melco Crown.[13]

See also

References

  1. ↑ Galaxy to open Cotai resort on May 15. Archived 2012-08-12 at WebCite 11/03/2011 09:06:00 Tiago Azevedo. Macau Daily Times
  2. ↑ Asia Theme Park Boom Is Big Business for Designers By Kelvin Chan Business Writer HONG KONG July 21, 2011 (AP)
  3. 1 2 http://www.galaxymacau.com/en/relax/grand-resort-deck
  4. ↑ Entertainment Design Corp
  5. ↑ Galaxy reschedules Macau mega resort opening to 2011 23 August 2010 Macau News
  6. ↑ New $1.9 Billion Galaxy Resort in Macau Dazzles visitors with a Pair of Attractions designed by Four-Time Emmy Winner Jeremy Railton. Archived 2012-05-14 at WebCite 27 June 2011 Entertainment Design Corporation
  7. ↑ Galaxy Macau celebrates topping-out 16 Feb 2011 Macau Business
  8. 1 2 WOW Features at Galaxy Macau Galaxy Macau Official Website.
  9. ↑ "Galaxy Macau(TM) Phase 2 -- A New Chapter Begins". prnewswire.com. 26 April 2012.
  10. ↑ Vinicy Chan (22 May 2013). "Galaxy to Spend Up to HK$60 Billion in Casino Expansion". Bloomberg.com.
  11. ↑ Galaxy Entertainment Group (2012-04-26). "GALAXY MACAU™ PHASE 2 A new chapter BEGINS" (PDF). Retrieved 2013-11-30.
  12. ↑ "Galaxy Macau to have an 8½ Otto e Mezzo Bombana". Macau Business. 9 January 2014. Archived from the original on 2014-01-10.
  13. ↑ Galaxy revenue up 60 pct on Cotai resort Archived 2012-09-08 at WebCite Macau Daily Times. 1 September 2011.

Coordinates: 22°08′59″N 113°33′10″E / 22.14972°N 113.55278°E / 22.14972; 113.55278

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