Not one to pass up on a “unique opportunity,” Macau-based casino operator Galaxy Entertainment Group (GEG) has agreed to purchase nearly 5% stake in Las Vegas casino resorts company Wynn Resorts.

On Thursday, GEG announced that it has agreed to buy 5.3 million primary shares of Wynn Resorts at $175 per share for a total of $927.5 million.

Galaxy Entertainment Vice Chairman Francis Lui described the event as a “unique opportunity to acquire an investment in a globally recognized entertainment corporation with exceptionally high quality assets and a significant development pipeline.” Las Vegas-based Wynn Resorts is the parent company of Galaxy’s rival operator in Macau, Wynn Macau Ltd.

Aside from GEG, Wynn Resorts said two other “long-term institutional investors” who already holds shares in the casino resorts company have agreed to purchase former Wynn Chairman and CEO Steve Wynn’s remaining 8 million shares at $175 per share.