Tag Archives: Trans World Corporation
Czech – Far East Consortium to turn American Chance into Asian opportunity
Far East Consortium International, a Hong-Kong-floated property developer that recently became a player in the casino sector has announced revenue of HK$3bn for the first half of the year ending September 30, marking an increase of 6.8 per cent. The half was the first period when the group started to see contributions from its gaming…
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…
