Galaxy Entertainment Unveils Plans for GalaxyWorld
It looks like the Galaxy Megaresort has finally gotten a new name. Drum roll please....
I'm not sure this is an upgrade, but it sure adds to the property name confusion holes they have dug for themselves with the Galaxy Waldo, Galaxy GrandWaldo, Galaxy StarWorld and now GalaxyWorld names. You'd think that a company that has the bill paying skills to crank out a joint as nice as StarWorld would also have someone on the payroll who is creative enough to name stuff.
Here's the news from the AP (via Forbes):
HONG KONG - Hong Kong casino company Galaxy Entertainment Group said Tuesday it has received government approval to expand its planned development on Macau's Cotai strip, pitting it against the newly opened Venetian.
Galaxy currently runs five casinos in China's gambling enclave in Macau, including StarWorld, which opened last October. It is also building GalaxyWorld Resort on Cotai, a reclaimed strip linking two outlying islands that Las Vegas mogul Sheldon Adelson hopes to transform into a massive resort that rivals the Nevada gambling mecca.
Peter Caveny, Galaxy's investor relations principal, told The Associated Press Tuesday that Galaxy has received Macau government approval to expand its development on Cotai beyond GalaxyWorld.
GalaxyWorld is currently expected to comprise 2,500 hotel rooms in two towers and 320,000 square feet (28,800 square meters) of gaming space. Its first hotel block and casino are expected to be completed the end of 2008, with the second hotel building to be finished in 2009.
Caveny said Tuesday Galaxy has received the go-ahead to add an additional nine hotels, 380,000 square feet (34,200 square meters) of gaming space, 750,000 square feet (67,500) of convention space and 1.4 million square feet (126,000 square meters) of retail and restaurant space.
Caveny declined to say when Galaxy will start work on the expansion or how much it will cost.
"When we proceed is when the demand is there," he said.
This is what GalaxyWorld looks like now.
It's quite interesting to see how Galaxy Entertainment doesn't have the PR machine that Las Vegas Sands Corporation does. It took a week for this to news item to break in the States.