Galaxy Macau on track to open in early 2011 April 14, 2010

HONG KONG—Galaxy Entertainment Group Ltd. said Monday it has completed the financing plan for its 14.1 billion Hong Kong dollar (US$1.82 billion) flagship casino resort in Macau’s Cotai area, removing a major uncertainty that had concerned investors for months.

When completed, Galaxy’s casino resort in Cotai—an area of reclaimed land between two outlying islands off the Macau peninsula—will have the capacity to host 600 gambling tables and 2,200 luxury hotel rooms, suites and villas in a 550,000 square meter facility.

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