Galaxy Entertainment Group recently announced that Galaxy Macau, the newest integrated destination resort in the Cotai entertainment area, will open on 15 May, 2011.
Commenting on the announcement Lui Che Woo, the founder and chairman, of the Galaxy Entertainment Group, said that the Macau SAR Government's stated goal, in accordance with the 12th Five-Year Plan, is to build for its economic future by diversifying its leisure and tourism industry and they believe that Galaxy Macau will lead this development by offering what has been missing so far from the local integrated property market.
Over 97% of the nearly 25 million visitors to Macau in 2010 were from Asia — according to Macau Government Tourist Office statistics. In 2010 visitors from mainland China and Hong Kong, which are considered the primary feeder markets in the immediate term, together totaled 22 million or 81% of the total.
Accommodation at Galaxy Macau will be provided by three Asian hotel brands: the Banyan Tree Macau; the 500-room Hotel Okura Macau; and the 1,500-room Galaxy Hotel, which will become GEG's flagship Cotai hotel. Galaxy Macau also marks the entry into the Macau market of both the Singapore-based Banyan Tree Hotels and Resorts and for Okura Hotels & Resorts Worldwide, a Japanese hotel company.