Tag Archives: Queenco
Cambodia – Casino operations changing hands
Australia-based Donaco International has signed an exclusive term sheet, and is currently conducting due diligence, for a proposed material acquisition of a significant gaming and hospitality business in Cambodia. The market is distinct from the company’s existing China-facing business at the Aristo International Hotel and so the proposed acquisition provides diversification as well as scale…
Greece – Queenco update on Casinos Austria’s option
Queenco Leisure International, the emerging markets entertainment centre and casino developer and operator, has issued an update on negotiations over a settlement regarding Casino Austria’s option. Queenco Leisure International announced this week, regarding the right of the company and Club Hotel Investments (CH) Ltd, through a chain of Israeli and foreign companies held by them,…
Cambodia – Queenco looking for investment in Cambodia
Queenco Leisure International, the owner of Queenco Casino in Sihanoukville is looking for investors to expand its operations in the seaside Cambodian town. Yariv Lerner, CEO of Queenco Leisure International, said the company is seeking investment to develop a 3,000-room, 5-star gaming resort on nine hectares of land. Having suffered financial losses of about $1.18m,…
Greece – Queenco losing grip on properties and licences
A report, issued at the end of May, has cast doubts on Queenco Leisure’s ability to continue as a going concern and with its licences in Greece in jeopardy, its European properties for sale and a lack of cash flow to invest in its Cambodia operations, the company is facing enormous challenges. The report states…
Greece – Queenco confirms Loutraki licence investigation
Queenco Leisure, one of the joint owners of Club Hotel Casino Loutraki, has said the Greek Committee for the Supervision and audit of Games has invited the joint venture operating the property to answer claims it has allegedly breached its license terms due to its failure to transfer certain payments to the Greek authorities. The…
Italy – Four groups interested in Venice casino package
The Italian media has named four stakeholders as being interested in buying the operational rights for the city’s two casinos; Ca’ Vendramin Calergi and Ca’Noghera. Paradise Entertainment, Gtech-Lottomatica, Queenco and Las Vegas Sands have all reportedly confirmed their interest in securing the 30-year concession to take the casino private. Paradise Entertainment is a Chinese company…
