Aquis said it has implemented its takeover offer for Reef Casino Trust for $4.35 per unit in cash, valuing the company at $216.83 million. Aquis’ two largest shareholders, Casinos Austria and Accor, which hold 70 percent of the company, have said they will support the offer. The bid is a premium of 58.9 percent to the trading price in the five trading days prior to the bid being announced in November, Aquis said in a stock exchange filing.
Nagasaki has made a major step forward in its plans to bid for an IR license by forming a trilateral agreement between the prefecture,...
Summit Ascent Holdings has announced board room changes after Suncity Group Holdings increased its stake in the operator of Tigre de Cristal earlier this month.
With an increasing number of casinos emerging throughout Asia, the industry is becoming a popular career choice for ambitious individuals from across the region.
MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.