Galaxy Macau Expansion Devoted Very Nearly Entirely to Non-Gaming

Galaxy Macau is readying to commence construction on the resort’s third and 4th stages, but the expansion that is multibillion-dollarn’t add much square footage in regards to gaming room.

Billionaire Lui Che Woo says the following two expansions at Galaxy Macau will focus in the guest that is non-gaming.

In its 2016 annual report, which ended up being filed just the other day, Galaxy Entertainment reveals some of the blueprints for its five-star flagship resort based on the Cotai Strip. The company that is hong-Kong-based to commence construction on phase three in the belated first quarter or early second quarter of 2017.

Citing Macau’s ‘Tourism Industry Plan,’ which aims to really make the gambling town less reliant on gaming revenue in favor of the mass market, Galaxy says its additions will be utilized for entertainment and outdoor recreation.

‘Galaxy Entertainment continues to move forward with Phases 3 and 4 . . . with practically all floor areas allotted to non-gaming and MICE that is primarily targeting, incentives, conferences, and exhibitions),’ Galaxy Chairman Lui Che Woo stated in the report.

Mass Appeal

Galaxy Macau opened in May of 2011 at a cost of HK$16.5 billion ($2.1 billion). The resort at the time featured over 2,200 rooms across three hotels.

From its beginning, Galaxy Macau has been more concentrated on a wider demographic of guests compared with other companies committed to the locat Weiterlesen

Nevada Poker Tables Continue Folding Across Silver State, Casino Revenue Falls in February

The number that is total of poker tables will shrink once more whenever Monte Carlo closes its poker room on April 25 as component of a $450 million renovation which will eliminate the card game from the resort.

It’s simply the latest telling sign that poker doesn’t come with similar attraction it once did.

Nevada poker tables continue to fade away from floors, as casino operators fight to justify the revenue they produce when compared with other gambling platforms like slots and blackjack.

During the last 10 years, the number of Nevada poker tables has decreased by almost 30 %.

Poker’s heyday came after Chris Moneymaker won the World Series of Poker Main Event in 2003 on an $86 satellite entry. His $2.5 million win revolutionized the card game and exploded its worldwide appeal.

Moneymaker outplayed 838 other entrants during his historic win. The year that is following the award was doubled and the total field eclipsed 2,500. The tournament continued growing, and with it, casinos in Vegas modified their video gaming floors to accommodate the influx of dreamers looking to make it rich and wannabe poker pros.

Across the continuing state, there were 907 poker tables in 2007. Now a ten years later, that quantity will be reduced to simply 653 when the Monte Carlo closes its space.

Money Things

Of course, each square foot of a casino flooring is valuable estate that is real. Since poker isn’t j Weiterlesen