5/6/2013

Galaxy Entertainment Group plans to acquire the Grand Waldo casino hotel on the Cotai strip in Macau for $419 million. Galaxy's purchase of the 320,000-square-foot resort with spa "will help broaden Galaxy's portfolio as Galaxy Macau resort on Cotai appeals to the premium mass, while Grand Waldo can draw the lower end mass market gamblers," said Union Gaming Research analyst Grant Govertsen.

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