Galaxy Entertainment, which is celebrating its tenth anniversary in the world’s biggest gambling hub, said construction on its Galaxy Macau project is expected to begin by the end of this year, with a total investment of HK$60 billion ($7.7 billion).
The next phases of the resort will focus on non-gaming facilities.
Phase 2 of the integrated resort project is on target for completion by the middle of next year and will be the next major resort to open in Macau.
The Hong Kong-listed company is also celebrating the third birthday of its Galaxy Macau resort on Cotai. Galaxy began with four City Club Casinos in 2004, before moving on to its five-star StarWorld Hotel. The Galaxy Macau opened in 2011.
To mark the anniversary Galaxy has established a charitable foundation with an initial donation of $300 million and will further commit to another $1 billion at a later date.
The organization aims to help young people “develop positive moral and life values, foster patriotism and ethnic identity, as well as enhance their understanding of the country and Macau.” It also aims to support young people in entrepreneurship and in attempting new endeavors, it said.
“We hope that we can continue to work collaboratively with all sectors of Macau to mutually develop our city and to ensure that it remains a great place of prosperity and stability,” Galaxy Chairman Lui Che Woo said.