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 – Fase één van het Hoi An South Integrated Resort is nu aan de gang
Suncity Group, vooral bekend als exploitant van Macau-junkets, heeft bevestigd dat fase één van het Hoi An South Integrated Resort in Vietnam zal beschikken over een hattrick van hotels met ongeveer 1,000 kamers, die ongeveer 500 miljoen dollar zullen kosten. De bouw van fase één is op 23 april gestart. Het bedrijf ontwikkelt het resort in samenwerking met 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 wordt de grootste stakeholder in het Hoi An-project
Het vastgelopen casinoproject van VinaCapital ter waarde van 4 miljard dollar nabij de populaire toeristische stad Hoi An in Vietnam heeft een enorme impuls gekregen met het nieuws dat Chow Tai Fook Enterprises uit Hong Kong de belangrijkste investeerder is geworden. Het aandeel van VinaCapital in het project is teruggebracht van 80 procent naar 22.55 procent om ‘een strategische aandeelhouder’ te worden.
