Asia real estate and outbound investment news
Star Entertainment acknowledged Tuesday that it had received a refinancing proposal from fund manager Salter Brothers Capital with the potential to provide debt capacity of up to A$940 million ($590 million) for the cash-strapped Australian casino group.
The deal would… Read More>>
Australia’s Star Entertainment Group has been sued in a Queensland court by the contract builder of a Brisbane resort and casino project co-owned with Hong Kong-based partners Chow Tai Fook Enterprises and Far East Consortium.
The claim by Multiplex Constructions… Read More>>
Japan leads Mingtiandi’s roundup of Asia real estate news today as AXA makes its latest residential acquisition in the country and casinos make their debut in Asia’s second largest economy with the government approving an integrated resort in Osaka. Meanwhile,… Read More>>
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>>
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>>
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>>
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>>
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>>
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>>
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>>
