Tag Archives: Far East Consortium
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)…
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…
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…
