Mon, May 16, 2011 - Page 11 News List

US$1.9bn Galaxy Macau opens

LIMITED DIVERSITY:The casino resort includes shops and a giant wave pool as Macau seeks to cap casino expansion and encourage development as a cultural destination

AP, MACAU

Analysts were skeptical about how big a role Galaxy would play in helping Macau diversify its economy.

“I don’t know that this is going to move the needle for the market in a big way to change that visitor base dramatically,” said Michael Paladino, a gaming analyst at Fitch Ratings. “I think it’s largely going to remain a daytrip market.”

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