Galaxy in talks with Government on gaming tables

Galaxy Macau Phase II and Broadway at Galaxy Macau, previously called the Grand Waldo complex, will open on May 27, the company has announced. Galaxy bought Grand Waldo in 2013. Francis Lui, deputy chairman and CEO Lui Che Woo’s son, said that he’s in talks with the government on the number of gambling tables it will be allotted.
Galaxy says it has the capacity to add as many as 500 gaming tables and 1,000 slot machines to Galaxy Macau Phase II.
“There is not a concrete figure on the number of gaming tables because we are still negotiating with the government. However, we are confident that we will have a proper number and that we will have our needs approved, as we have been very much aligned with the Government of Macau since the beginning,” Lui responded when questioned about the issue.
“As far as it concerns gaming tables we have started working with the government on that. However, we’re quite confident we’re going to get a sufficient number of gaming tables to generate the returns we’ve been forecasting,” the Group Chief Financial Officer explained further regarding the number of gaming tables.
As with the presentation made by Studio City of Melco Crown, the Galaxy Phase II and Broadway Macau presentation avoided mentioning the gaming side of the resorts. The explanation concerning gaming was only provided in response to questions by the press.
J.S.F