Galaxy Entertainment Group announced that it is buying the Grand Waldo casino-resort, located on Macau’s Cotai Strip, for HK$3.25 billion (US$419 million) from a subsidiary of Get Nice Holdings, Ltd.
Galaxy already operates the casino portion of the property, which includes a spa and 342-room, 320,000 sq ft (29,700 sq m) hotel. The property is located next to the 2,200-room Galaxy Macau casino-resort.
Galaxy Entertainment Group, Hong Kong, cited Grand Waldo’s strategic location as a driver to buy the casino-resort. Galaxy did not disclose whether it plans to rebrand or renovate Grand Waldo.