Tuesday, April 7, 2020

SEC probes Suntrust’s lack of tender offer during Suncity acquisition

The Securities and Exchange Commission (SEC) is investigating whether Suntrust Home Developers, co-developer of Westside City Resorts World, should have made a tender offer...

Empire Resorts shareholders approve acquisition from Genting

Shareholders of Empire Resorts have approved of its merger with Genting Malaysia, which will see Genting own 38.3 percent of the company. Earlier this month,...

Shareholders approve Eldorado’s acquisition of Caesars Entertainment

The blockbuster $17.3 billion deal by which Eldorado Resorts will take over Caesars Entertainment, thus creating the largest US IR operator, has cleared one of its main hurdles as the stockholders of both companies gave their consent on Friday.

Landing International shareholding under dispute

Landing International Development chairman Dr. Yang Zhihui said he will “take all necessary and appropriate actions to protect his interests” after it was revealed...

Suncity Philippines foray questioned by regulators

Suncity’s backdoor foray into the Philippines gaming industry has raised questions from industry stakeholders, particularly regulators, according to local media.  Last week, the Hong Kong-listed...

South Shore sells aggregate 50 percent interest in The 13

South Shore Holdings has announced that it has found three companies that have agreed to acquire an aggregate 50 percent interest in its luxury...

Trading of Suntrust shares halted as listing rules breached

Shares of Suntrust Home Developers Inc. are to remain suspended from trading by the Philippine Stock Exchange after it was found that its deal...

Suncity to enter Philippines integrated resort market

Hong Kong-listed Suncity Group Holdings has acquired a controlling stake in a Philippines company involved in developing and managing an upcoming five-star hotel and...

NagaCorp’s Dr. Chen to privatize Malaysian resort company

Karambunai Corp Bhd’s largest shareholder, Tan Sri Dr. Chen Lip Keong is planning to privatize the company in a deal worth an estimated RM184.7...

Suncity to acquire land plot in Okinawa

Suncity Group has announced the acquisition of a plot of land located in Miyako Island in Okinawa, Japan, with the aim of developing a...

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The latest news and updates on the COVID-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...

Macau closes borders after new infections

Macau closed its borders to all non-residents as of midnight on March 18, with the exception of blue-card holders and residents from greater China, after another case of imported Covid-19.

New Macau Covid-19 case may dent travel easing hopes: Bernstein

Macau has reported its first new Covid-19 case in a month, which may delay plans to begin easing travel restrictions to the territory, Bernstein Research says.

Australia casinos expected to join global closures this week: JPM

Australia’s casinos are expected to be forced to close their doors later this week, prompting analysts at JP Morgan to slash their earnings forecasts for the operators.

Tokyo goes under soft lockdown

Tokyo Governor Yuriko Koike announced on Wednesday night a series of measures that amounted to a soft lockdown of the Tokyo Metropolitan District. The governor...