HK's Galaxy Entertainment says to buy $419 mln Macau assets
HONG KONG May 5 (Reuters) - Galaxy Entertainment Group Ltd said on Sunday it would buy assets in Macau's Cotai from hotel operator and casino marketing firm Get Nice Holdings Ltd for HK$3.25 billion ($419 million).
The assets include properties and the right to use the trade mark Grand Waldo, Galaxy said in a filing to the Hong Kong bourse late on Sunday.
Gambling revenue in Macau, the world's biggest gaming destination, rose 13.2 percent in April year-on-year, buoyed by strong demand from wealthy Chinese customers.
Casinos such as Las Vegas Sands Corp, Galaxy Entertainment and Melco Crown Entertainment Ltd are developing attractions to appeal to a wider array of visitors.
- Tearful Thai PM urges protesters to take part in election
- Google bus blocked in San Francisco gentrification protest
- North Korea's 'reign of terror' worries South's leader
- Chinese hackers spied on Europeans before G20 meeting: researcher
- Putin dissolves state news agency, tightens grip on Russia media