acquisition includes land and buildings, including a hotel with an area of ??29.7 thousand. m2. Seller’s assets Get Nice Holdings.
itself at the Grand Waldo Casino is operated by Galaxy, which has one of the six licenses for gambling in the former Portuguese colony.
The facility is located on the famous Cotai Strip region modeled on the Asian equivalent of the Las Vegas Strip. His presence in this area also increases other gambling giants of Sands China and Melco Crown Entertainment at the helm, which aims to attract an even greater number of Chinese tourists to Cotai.
In 2012, it was visitors from mainland China being primarily driven revenue largest gambling center in the world, to a record amount of 304 billion Patalas (38 billion USD).
founded by billionaire Lui Che-Woo consortium Enterteinment Galaxy Group in the past year increased its profit to HK $ 7.4 billion to 3 billion years ago. In December, the company announced that it plans to invest HK $ 50 billion to develop a separate resort in Macau.
Macau is the only place in China where gambling is legal.
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