Tag Archives: American Chance
Hong Kong – Far East Consortium to acquire Trans World Corporation
The owners of American Chance Casinos, Trans World Corporation (TWC), which also owns hotels in Germany and Austria, is to be acquired by Hong Kong-based consortium, Far East Consortium International (FECI). FEC will pay up to US$42m (HK$327.6m) and will assume TWC’s net debt at closing (not exceeding $11.025m) for the acquisition. TWC, together with…
Austria – Czech casino operator buys hotel in Austria
Trans World Corporation, owner and operator of casinos and hotels in Europe, has purchased the ground lease rights to a four-star business hotel located on the banks of the Danube River in Linz, Austria. The 176-room, river-front four-star hotel, which opened in 1995, is approximately 35 minutes driving time from the company’s Route 55 Casino,…
Czech – Trans World sees Czech boost income
Czech casino owner Trans World Corporation reported an increase in net income of 42 per cent in its financial results for the second quarter and six months ended June 30, 2013. The group, which operates the American Chance brand with three casinos in Czech, saw second quarter total revenue increase by nine per cent to…
