Galaxy completes Grand Waldo purchase


Galaxy Entertainment Group Ltd. completed the HK$3.25 billion ($419 million) purchase of the Grand Waldo casino hotel from Hong Kong-listed Get Nice Holdings Ltd. Galaxy spokesman Buddy Lam told AGB the company has “temporarily suspended the operation [of Grand Waldo] as we continue to work on some renovation plans” and “new concepts”. In the meantime, the company has also removed pages about the Grand Waldo — which previously said that the hotel was “recently refurbished” – from its website. Galaxy has indicated it will use the Grand Waldo’s 340-room hotel, across the street from the Galaxy Macau resort complex, to broaden its offerings for lower-end mass market customers. Galaxy already operated the Grand Waldo’s casino, which had 38 tables and about 150 slot machines.