The drama around Australia’s Star Entertainment Group continues to build with local news accounts citing a government report that Hong Kong’s Chow Tai Fook hid its links to an illegal junket operator, with that story leading today’s roundup. Also in… Read More>>
Australia’s Star Entertainment Confirms $590M Refinancing Proposal by Salter Brothers
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>>
Hong Kong’s Parkview Could Default on $940M Loan and More Asia Real Estate Headlines
Hong Kong-based Parkview Group is nearing default on a $940 million loan linked to a mall in central Beijing, with that story leading today’s headline roundup. Also making the list, Singapore’s Keppel acquires a subsea cable firm and Australia’s Star… Read More>>
Blackstone Raises Over $8B for Latest Debt Fund and More Asia Real Estate Headlines
Blackstone raises $8 billion for its latest real estate debt fund targeting North America, Europe and Australia, with that update leading today’s headline roundup. Also in the news, casino group Bally’s makes a bid to bail out Australia’s troubled Star… Read More>>
Hong Kong’s Chow Tai Fook, FEC Buying Out Star’s Brisbane Casino Complex
Hong Kong investors Chow Tai Fook Enterprises and Far East Consortium will acquire the 50 percent interest they don’t already own in Star Entertainment’s Queen’s Wharf Brisbane complex, delivering a liquidity lifeline to the cash-strapped Aussie casino group.
CTFE, the… Read More>>
Hong Kong’s New World Declares $852M Interim Loss and More Asia Real Estate Headlines
Hong Kong heavyweight New World Development reports a six-month loss of $852 million and sets out a recovery plan involving asset sales, with that story leading today’s headline roundup. Also in the news, the founding family of Japan’s Seven &… Read More>>
Oaktree Offers $413M Loan for Australia’s Star and More Asia Real Estate Headlines
Troubled Aussie casino group Star Entertainment gets a financing offer from distressed debt specialist Oaktree, with that story leading today’s headline roundup. Also making the list, Singapore’s Marina Bay Sands bags a $9 billion loan for expansion and hope fades… Read More>>
Chow Tai Fook, FEC-Backed Star Sells Sydney Asset and More Asia Real Estate Headlines
Cash-strapped Aussie casino operator Star offloads an event centre in Sydney, with that divestment leading today’s headline roundup. Also making news, S&P tracks a surge in Japan’s private equity and venture capital deals and Mori Building opens a central Tokyo… Read More>>
Mainland Magnate Buys Stake in Faltering Star Casinos and More Asia Real Estate Headlines
A Chinese coal tycoon is revealed to be an investor in troubled Australian casino firm Star Entertainment, with that story leading today’s headline roundup. Also in the news, Singapore’s CDL makes a buyout offer for its listed New Zealand hotel… Read More>>
Gloom Deepens for Hong Kong’s Cheng Family as Aussie Casino Operator Runs Low on Cash
An Australian casino operator backed by the Cheng family controlling Hong Kong’s New World Development revealed Wednesday that its available cash fell 47 percent in the three months to 31 December, throwing doubt on its future as the company faces… Read More>>