Galaxy Macau News

Galaxy plans to expand Galaxy Macau, adding two more phases to the casino-resort.

Phase two of Galaxy Macau's resort plan will include 1,300 new hotel rooms and 500 more gaming tables.

Galaxy Entertainment reports healthy profits in 2011.

Galaxy Entertainment reports healthy profits in 2011.

The industry is focusing on nongaming attractions instead of resort expansion along the Strip for the rest of the decade.

Macau's 34 casino collected more than $30.5 billion in gaming revenues in 2011, surpassing last year's $23.5 billion mark during the third quarter.

Macau's 34 casinos shattered single-month gaming revenue figures in August, collecting $3.09 billion from gamblers.

Casino authorities in Macau said Monday that gaming revenues grew 48.4 percent in July, hitting the $3 billion mark for just the second time.

A Hong Kong newspaper said expiring gaming concessions will lead to "uncertainty awaiting companies who are still considering deploying capital into Macau."

The opening of the Galaxy Macau sent the Chinese territory's gaming revenues to an all-time high of $3 billion.