Grand Waldo Casino Opens

The Grand Waldo Casino and Hotel opened their doors Friday in Macau. This makes them the second casino to open in September. Many think this is just a sign of things to come, and will all of the activity in Macau, some think that Macau might become the next Las Vegas – and surpassing the strip as the world’s biggest gambling Mecca. 

The casino cost $410 million to build, and has 334 slot machines, as well as tables, restaurants, a nightclub, and spa. The new slot machine and gambling casino is owned by Galaxy Entertainment Group, Ltd. and is controlled by Lui Che-woo, a Hong Kong construction tycoon. Francis Lui, vice president of Galaxy Entertainment Group, said, "'06 is a very rewarding year for Galaxy Group. So far this year we have opened three casinos.

With the opening of Grand Waldo, we expect we should be able to comfortably maintain the same market share and further increase it."  

The company opened two smaller casinos earlier this year in Macau, a small area that consists of a peninsula and two islands off the coast of China. The area is the only part of China that allows slot machine gambling, and the area is quickly expanding. The company is planning on opening another hotel and casino in October, and is building the Galaxy Mega resort which should open in 2008.

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