Galaxy's Cotai Resort Opening Pushed to 2010

21 November 2008

Galaxy Entertainment Group Ltd. will delay the planned opening of its flagship casino on Macau's Cotai Strip from next year to 2010.

In a stock exchange release Thursday, the company cited its decision as a "tactical response to wider market conditions."

"The group remains committed to its conservative philosophy of building to market demand," the company said. "The phased development approach for Galaxy Macau is consistent with this philosophy."