May
15
Galaxy announces Banyan Tree Hotel at Mega Resort
Filed Under Macau, Macao, Cotai, Galaxy, Cotai Mega Resort, Banyan Tree Hotel | Leave a Comment
Banyan Tree to create a luxury resort featuring luxurious suites, pool villas and its award winning spa in Galaxy’s mega resort in Cotai 15 May 2008, Hong Kong / Macau - Galaxy Entertainment Group Limited (”Galaxy” HKSE:0027) today announced an agreement for Banyan Tree Holdings Limited (”Banyan Tree” Singapore:B58), a leading Asian resort hotel brand, to develop and operate a luxury resort featuring luxurious suites, pool villas and its award winning spa resort in the Galaxy mega resort in Cotai, Macau. Read more
Apr
2
Cotai Mega Resort to sell sex (appeal)
Filed Under Macau, Macao, Cotai, Cotai Mega Resort | Leave a Comment
Sorry, they wont be selling sex, just sex appeal. Anyway, there’s already enough places in Macau that sell sex, right?
Here is a quote from a recent MacauDailyTimes article entitled “Cotai to be swimming in Galaxy girls.” Read more
Dec
16
Hotel Okura, Cotai Macau
Filed Under Macau, Macao, Cotai, Galaxy, Cotai Mega Resort, Hotel Okura | Leave a Comment
Galaxy has announced who will be managing one of its first three hotels at its Cotai Mega Resort (or is it GalaxyWorld Resort?) in Macau. Its Japanese hotel operator Hotel Okura. The company is still keeping its mouth shut about the other two hotel though.
Here is part of an article from Kyodo News Service…
“Tokyo-based hotel chain operator Hotel Okura Co. said Tuesday it will make a foray into Macao to take charge of the operations of a hotel set to open in the territory in September 2009 in a bid to boost its presence in Asia.
Hong Kong-based Galaxy Entertainment Group is developing the project and Hotel Okura will be responsible for the operations of one of the three hotels that will be built by the group as part of a major resort complex on Cotai , the two Read more
Nov
24
Galaxy World Cotai update
Filed Under Macao, Cotai, Cotai Mega Resort | 4 Comments
Galaxy Entertainment provided an update on its new Cotai project. Here’s what they had to say:*Hotel Tower A, the Casino Podium and associated facilities are proceeding and on schedule to complete in Quarter 4, 2008.
*The Glass Curtin wall is Read more
Sep
18
Galaxy gets approval for huge Cotai plans
Filed Under Cotai, Galaxy, Cotai Mega Resort | Leave a Comment
I knew Galaxy Entertainment had plans to expand their Cotai Mega Resort hotel casino in the Cotai, but this is alot bigger than I had expected. 9 more hotels!!! Read more
Sep
18
Galaxy World Resort on Cotai
Filed Under Macao, Cotai, Galaxy, Cotai Mega Resort | Leave a Comment
Here is an update on Galaxy’s GalaxyWorld Resort, or the Cotai Mega Resort (depending on what you’re reading), from the company’s recent press release. The company is building GalaxyWorld Resort in Cotai between the Venetian Read more
Jun
26
Changes to Galaxy’s Cotai Mega Resort
Filed Under Macau, Macao, Cotai, Galaxy, Cotai Mega Resort | Leave a Comment
er…make that GalaxyWorld Resort?
Galaxy Entertainment provided an update to investors that can found on their website. I notice three changes to their Cotai strategy.
The most noticeable is what appears to be a namechange to the casino resort. I’ve seen it called Galaxy Mega Resort or Galaxy Cotai Mega Resort in the past, and it still appears that way on their website. On their presentation however, it clearly looks like the name is GalaxyWorld Resort. I guess they’re trying to keep the brand more in line with their StarWorld casino hotel on the peninsula.
Second, it looks like they have added a second hotel tower to phase I and have increased the number of hotel more rooms. There is now a second tower listed on the presentation that will provide an additional 1,000 rooms. In the past, the company has said they will open with “a hotel” that will have 1,500 rooms. The fact that Galaxy must feel comfortable enough with their outlook on Cotai and Macau to increase their hotel capacity by 67% should probably be viewed as a positive for the hotel market, expecially in light of Wynn’s decision to push back his Wynn Macau expansion and Wynn Cotai plans. The counter argument though could be that Galaxy was concerned that they may not get enough mass and foot traffic to fill that “mega” casino of theirs, so they had to build more rooms.
Finally, it looks like they are planning on getting a separate hotel operator to manage the new tower #2 of the Cotai resort’s phase I. Looks like they’re doing what everyone else has already decided to do. That’s probably smart as it will open them up to a broader customer base through their partner’s already existing database.
The details of their Cotai project are now…
- Twin towers with 2,500 rooms, suites, and villas. Tower 1 will be contain 1,500 rooms and will be operated by Galaxy while tower 2 will have 1,000 rooms and be operated by a yet unnamed hotel company.
- 250,000 square feet of gaming space with 350 table games and 1,200 slot machines with room to expand to 700 table games and 4,000 slots.
- An additional 70,000 square feet of VIP and high limit gaming club (70 tables with space for up to 120 tables)
- Shopping, entertainment, spa, F&B, theatres, rooftop garden, wave/pool and cabanas
Feel free to discuss the changes in the Cotai Mega Resort forum or the Galaxy Entertainment forum.
Dec
21
Galaxy Entertainment CEO Interview
Filed Under Macau, Cotai, Wall Street, Galaxy, Cotai Mega Resort | Leave a Comment
Wow. Looks like Galaxy Entertainment’s CEO Anthony Carter felt left out watching Sheldon and Steve trade jabs back and forth over the past few months. In an interview with Macau Business, Carter throws his hat into the bickering ring:
“Let’s spice up the conversation. When Sheldon Adelson says he will have 60 percent of the market…
He is talking nonsense.
Why don’t you believe it?
Because that means the other five operators are going to share 40 percent. Adelson is clearly a very successful man but are you going to tell me that Stanley Ho is going to lay down and let this happen? Or MGM, or Wynn…?
Or you…?
Of course not. He won’t have anything like that.”
Seriously though, this is a good read if you want to get a better feel for Galaxy Entertainment’s strategy and their thoughts on the Cotai and Macau market.
Dec
8
Galaxy raising funds and raising the stakes in Cotai
Filed Under Macau, Cotai, Restaurants, Wall Street, COTAI CASINOS, Galaxy, Cotai Mega Resort | Leave a Comment
Galaxy Entertainment Group announced that the company raised USD$240mm in convertible bonds to upgrade, expand and accelerate additional development of Galaxy’s Mega Resort in Cotai.
Providing new details about its upcoming Cotai casino, Galaxy stated that the resort will have “a unique mythical themed building exterior” designed by Gary Goddard Entertainment, who has designed themed attractions throughout the world, including the Forum Shops at Caesar’s Palace in Las Vegas. The exterior will also feature Macau’s largest garden, giving visitors a true tropical paradise resort experience.
Inside the Cotai Mega Resort, the casino will now include 350 tables, with room to expand to 700 tables. The Resort will also offer what is believed to be the widest selection of Asian and Chinese food facilities in Macau.
To date, Galaxy has recruited over 600 expatriate gaming experts, many of whom have 15 to 20 years plus of Asia specific gaming experience, to make sure everything runs smoothly.