Get Nice selling Grand Waldo

Hong Kong-listed Get Nice Holdings Ltd has announced it is selling its controlling stake in casino resort Grand Waldo in Cotai. The company has already signed a letter of intent with an “international group engaged in the operation of a number of hotels, casinos and other entertainment facilities”, English-language newspaper Business Daily reports. If the deal goes ahead, Get Nice will receive US$500 million (MOP4 billion) for its stake in Grand Waldo. Get Nice indirectly owns 65 percent of the Grand Waldo.