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Japan – Galaxy would match Wynn’s US$5bn spend in Japan

By - 18 November 2013

Galaxy Entertainment has matched Wynn Resorts estimate that it would invest up to US$5bn in a future casino development in Japan, adding that it would spend a similar amount if given the opportunity in Taiwan.

The Macau casino operator, owner of Galaxy Macau and Starworld, said it would consider investing at least HK$20bn ($2.58bn) in Japan or Taiwan each if those markets open up that made Lui Che-woo Asia’s third-richest man, plans to invest in China’s Hengqin island and will consider investing at least $5bn in Japan or Taiwan if given the green light.

Speaking on Bloomberg television, Galaxy’s Deputy Chairman Francis Lui said: “Macau will still be our main focus as we have the biggest landbank here. Having said that, we would also be interested in expanding into some sizable markets, such as Japan and Taiwan. If we’re given the chance to build a casino in Japan or Taiwan, we would at least be spending HK$20bn or HK$30bn.We have the financial capacity to do that.”

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