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.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Lost Malaysian airliner may have run out of fuel over Indian Ocean : source |
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- Investigators focus on foul play behind missing Malaysia plane: sources |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data