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Tag Archives: Chow Tai Fook

Australia – Chow Tai Fook buys into The Star Entertainment Group

Australian casino operator the Star Entertainment Group is looking to increase its exposure to Asian high rollers with a $490m deal that will give a 4.99 per cent stake in the business to each of its two long-term Hong Kong-based partners. The Star has expanded its strategic partnership with Chow Tai Fook Enterprises Limited (CTF)…

Bahamas – BMD slams concessions given to sell Baha Mar

BMD Holdings, the original developer of Baha Mar, the casino resort in the Bahamas, wants the government to place a moratorium on the completion of any sale of Baha Mar and reopen the casino investigation case into the venue’s owners Chow Tai Fook. BMD said it had reviewed the Heads of Terms regarding concessions agreed…

Bahamas – Chow Tai Fook enters negotiations to buy Baha Mar from its new owners

Chow Tai Fook Enterprises Limited (CTFE), a Hong Kong-based conglomerate involved in luxury jewellery and hotesl, has entered into negotiations to buy the US$3.5bn Baha Mar casino resort at Nassau’s Cable Beach. CTFE has applied to the Government of The Bahamas for approval as a proposed investor and acquirer of the Baha Mar Resort, by…

Vietnam – Phase one of Hoi An South Integrated Resort now underway

Suncity Group, most famed for being a Macau junket operator, has confirmed that phase one of Hoi An South Integrated Resort in Vietnam will boast a hat-trick of hotels with around 1,000 rooms, costing approximately US$500m. Construction of phase one started on April 23. The company is developing the resort in partnership with asset management…

Australia – The Star to expand to rival Barangaroo’s Chinese appeal

The head to head between Australia’s two biggest casino operators is intensifying once more in Sydney where existing operator Star Entertainment is hoping to build a 200-metre Ritz-Carlton hotel tower casino opposite Crown Resorts’ future Barangaroo resort. Star is playing out the last three years of its exclusive casino licence with the 2019 deadline culminating…

Vietnam – Chow Tai Fook becomes biggest stakeholder in Hoi An project

VinaCapital’s stalled US$4bn casino project near the popular tourist town Hoi An in Vietnam has received a huge boost with the news that Hong Kong’s Chow Tai Fook Enterprises has become the main investor. VinaCapital’s share in the project has been reduced from 80 per cent to 22.55 per cent to become ‘a strategic shareholder,’…