Galaxy Entertainment Group’s upcoming Phase 3 and 4 of the Galaxy Macau resort will enhance its ability to gain market share in Macau, according to Credit Suisse analysts. The new amenities and increasing connectivity between the resort’s phases should underpin the company’s long-term growth, while the addition of non-gaming elements and capacity will further strengthen its position. Phase 3 will introduce a Raffles hotel, Andaz Macau hotel, and a Galaxy International Convention Center, while Phase 4, expected to open in 2025, is seen as more lifestyle-focused. Upon completion, there could be increased connectivity between all phases, the analysts said.
Credit Suisse analysts expect Galaxy Macau Phase 3 and 4 to enhance Galaxy Entertainment Group’s market share in Macau
April 20, 2023