Galaxy Entertainment <0027.HK> has confirmed that it will pay US$365 million for a land site on the Cotai Strip in Macau where it is developing  the GalaxyMacau which includes hotels, apartments and gaming facilities. The first phase is expected to open around Q.2 in 2010.

The casino operator said the site in Cotai, Macau covered 440,248 square metres with a total buildable gross floor area of 1.7 million square metres.

Read Statement. Galaxy Buys Cotai Land

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