As it seems for Galaxy Entertainment, no restriction or hard times induced by the global pandemic succeeded in keeping the casino operator from reaching out for its dream. The Galaxy resort project in Macau has been on construction for a few years now. The entire development is proceeding phase by phase, and the resort is coming close to be one of the cornerstones of Macau’s gambling history. After overcoming consequent tragic accidents and delays, the resort project has now become ready to move forward with restarting the construction work for Phase 4 of the property.
According to a recent announcement of Galaxy Entertainment, it has inked in a preliminary agreement with a developer company, China Construction, to develop Galaxy Macau’s Phase 4 off the ground. This preliminary contract is nothing more than a letter of intent. It means the deal can be put on hold if any unrealized and accidental event comes up in the mid. However, with China Construction’s possibility to earn around $1.63 billion, nothing in between is meant to intervene. This construction company is a Macau-based branch of the mainland company China State Construction International holding Limited.
Massive Undertaking Up-ahead
Though not definite date has been determined to launch or no specific deadline has been fixed by Galaxy Entertainment to finish the Phase 4 construction, the company thinks that it is the proper time to hammer the metal to give it a perfect shape. China Construction has agreed to provide all the services related to construction which will not be limited to temporary works, management, attendance, application, and general facilities. Apart from all these, the construction is also meant to provide services regarding basement box framework, structural carcass, expert work packages for completion and construction, and link bridges. China Construction will have to deliver and ensure all these requisites through nominated suppliers, subcontractors, or direct contractors.
The entire Phase 4 might take around three or more years to be completed. If all the bells ring in accord, it will change the face of the Macau gambling industry.