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Henry Cheng

Chow Tai Fook, FEC-Backed Casino Operator Called Unfit to Operate $2.3B Brisbane Project

2022/10/11 by Pawara Laothamatas, Beatrice Laforga Leave a Comment

The operator of an A$3.6 billion ($2.3 billion) Brisbane casino project backed by Hong Kong heavyweights Chow Tai Fook Enterprises and Far East Consortium was found by an independent investigation to be unfit to run the controversial development.

A report… Read More>>

Shan Weijian PAG

PAG Said in Talks to Buy Theme Park in Nagasaki, Japan for $655M

2022/08/23 by Michael Cole Leave a Comment

Japan’s overstretched travel industry could be providing an investment opportunity for yet another international private equity firm, as PAG is reported to be in talks for a JPY 90 billion ($655 million) acquisition.

The Hong Kong-based fund manager is tipped… Read More>>

China Rate Cut Boosts Developer Stocks and More Asia Real Estate Headlines

2022/08/22 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, a deeper-than-expected rate cut by China’s central bank sparks a rally in developer stocks, South Korea’s government requests changes in Mirae Asset’s $3 billion deal for IFC Seoul, and MGM China injects cash… Read More>>

macau casino Lisboa

Macau Casinos Shuttered as City Locks Down and More Asia Real Estate Headlines

2022/07/11 by Proud Channara Leave a Comment

In today’s roundup of regional news headlines, Macau orders a citywide lockdown in response to a COVID-19 surge, mainland developer Longfor’s property management unit files for a Hong Kong IPO, and South Korea’s top pension fund manager reports a wave… Read More>>

Crown Melbourne

Blackstone Wins Australia’s Crown Resorts in $6.3B Buyout Deal

2022/02/14 by Christopher Caillavet Leave a Comment

Blackstone has reached a deal with Australia’s Crown Resorts in which the US private equity titan would acquire all the listed shares of the casino operator for A$8.9 billion ($6.3 billion).

The all-cash consideration of A$13.10 per share represents an… Read More>>

yang zhihui

Chairman of Hong Kong-Listed Casino Developer Under Investigation in China

2020/12/18 by Michael Cole Leave a Comment

The chairman of China’s most notorious casino developer has been placed under investigation by mainland regulators, but Yang Zhihui remains in control of Hong Kong-listed Landing International Development, according to stock exchange announcements this week.

Yang has resigned his role… Read More>>

Park Hyeon-Joo Mirae

Korea’s Mirae, Hana, NH Face Losses as Witkoff’s $2.5B Vegas Casino Defaults

2020/06/01 by James Hatton 2 Comments

South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.

New York-based Witkoff, which… Read More>>

Stanley Ho

Casino Magnate Stanley Ho Dies at 98

2020/05/27 by James Hatton Leave a Comment

Gambling and property magnate Stanley Ho, whose lavish lifestyle and series of marriages had earned him celebrity status in Hong Kong, passed away yesterday at the age of 98, according to an announcement by the family.

The “King of Gambling”,… Read More>>

henry cheng chow tai fook

Chow Tai Fook, FEC Secure Financing for A$3.6B Brisbane Casino

2020/05/18 by James Hatton Leave a Comment

An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups.

Australian gambling and entertainment company Star… Read More>>

Yang Zhihui

Mainland Casino Developer Reshuffles Board Amid Receivership Fight

2020/01/21 by Michael Cole Leave a Comment

Troubled mainland casino builder Landing International Development has been reshuffling its board this month, with an executive director having exited the company, and a non-executive director having been added to the developer’s top decision making body.

The board… Read More>>

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