Galaxy to Accelerate Casino Resort Project to Tap Gaming Boom
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Galaxy Entertainment Group Ltd., the casino operator part-owned by Permira Advisers LLP, plans to invest an additional HK$800 million ($102.8 million) to speed up construction of a Macau casino resort to tap a gambling boom.
The money will be spent on raising the number of rooms ready when Galaxy Macau casino resort opens early next year by more than 50 percent to 1,400, Chairman Lui Che Woo said in Hong Kong today. The new commitment will bring the total investment to HK$14.9 billion, according to a statement.