• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

HK-listed firm to run non-gaming at Macau’s Waldo Hotel

Jun 18, 2021 Newsdesk Latest News, Macau, Top of the deck  


HK-listed firm to run non-gaming at Macau’s Waldo Hotel

A Hong Kong-listed firm says it has an agreement to manage non-gaming services at Macau’s Waldo Hotel (pictured), a casino hotel that runs gaming under the licence of Galaxy Entertainment Group Ltd.

Ying Hai Group Holdings Co Ltd said in a Friday press release its management agreement for “commercial space, business, tangible and intangible property in Waldo Hotel,” including hotel rooms, but “except casino,” started on Thursday (June 17) and would run until June 26, 2024.

Waldo Hotel is owned by Macau-based Waldorf Realty Co Ltd.

Choi Wai Chan, chairman, chief executive and executive director of Ying Hai, was quoted in the announcement as saying his firm hoped it could “generate a stable income” from the deal. This was “in order to improve” Ying Hai’s competitiveness, amid the “serious blow to the travel industry of Macau,” caused by the Covid-19 pandemic.

The Waldo Hotel has 160 rooms and suites, according to Friday’s handout. The property opened in 2004.

Ying Hai will have “general management powers” over Waldo Hotel and the “right to sublease the commercial space and business in Waldo Hotel, other than the casino, to a third party,” said the release.

Waldo Hotel is known in the Macau market as a “satellite” property gaming-wise, as it operates its casino under a service agreement with one of the Macau licence holders.

Ying Hai was established in 2014. The group says it “is a wholesale licensed travel agent that primarily focuses on the provision of business-to-business domestic travel services, and a car-rental services provider based in Macau.”

Ying Hai listed in September 2019 on the Hong Kong bourse’s GEM exchange, formerly known as the Growth Enterprise Market. The firm said in a Thursday filing that Waldo Hotel had been “one of the suppliers of hotel rooms to the group in its sale and distribution of hotel rooms.”

Casino management services at the Waldo Hotel had for a time been run by Hong Kong-listed casino equipment maker Paradise Entertainment Ltd, but that arrangement ended on March 1, 2020, after expiry of the related service contract on February 29 that year, Paradise Entertainment said in its full-year 2019 results, published in March 2020.


  • tweet
Related articles
  • No extension of deadline for appeal in AAEC suit vs LVS
    No extension of deadline for appeal in...

    May 12, 2022  

  • Galaxy Ent 1Q EBITDA down 45pct sequentially to US$73mln
    Galaxy Ent 1Q EBITDA down 45pct...

    May 12, 2022  

More news
  • Macau op debt to hit US$25bln unless travel eased 2H: MS
    Macau op debt to hit US$25bln unless...

    May 24, 2022  

  • Outbound group tours still paused: China immigration
    Outbound group tours still paused:...

    May 24, 2022  


Latest News

Macau op debt to hit US$25bln unless travel eased 2H: MS

Macau op debt to hit US$25bln unless travel eased 2H: MS

May 24, 2022  

Macau casino operators’ aggregate net debt could reach the equivalent of US$25 billion by the end of this year, “five times the end of 2019’s levels”, and 12 percent higher than a “base...
Read More
Outbound group tours still paused: China immigration

Outbound group tours still paused: China immigration

May 24, 2022  

Macau gaming workers 27pct of underemployed population

Macau gaming workers 27pct of underemployed population

May 24, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Resorts World Sentosa is now looking at broadening its customer base to those who engage in casual play for entertainment"

Tan Hee Teck

Genting Singapore’s president and chief operating officer



Most Popular

  • Macau GGR tax cut idea tied to China outlook: brokerageMacau GGR tax cut idea tied to China outlook: brokerage May 23, 2022
  • Review saw no irregularity in Levo Chan link: Macau LegendReview saw no irregularity in Levo Chan link: Macau Legend May 23, 2022
  • Manila Westside launch aim still 2024: SuntrustManila Westside launch aim still 2024: Suntrust May 23, 2022
  • RWS seeking to expand gaming customer base: execRWS seeking to expand gaming customer base: exec May 24, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us