Saturday, January 18, 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...

TRENDING ARTICLES

Five more lawmakers entangled in IR bribery scandal

Japanese special prosecutor investigations of potential bribery by Shenzhen-based lottery firm 500 Dot Com have expanded to at least five additional lawmakers, including one of the most prominent pro-IR lawmakers in the nation, former Defense Minister Takeshi Iwaya, who has been a frequent speaker at IR promotion events.

Cockfighting bust nets 60 arrests in Phuket

Local media reports that 60 gamblers were arrested on Sunday as a police raid caught them in the middle of a cockfight on Thailand’s Phuket island.

Russia to raise punishment for illegal gambling organization

The Russian parliament is currently considering a bill toughening punishments for the organization of illegal gambling activities. The draft document has already passed three readings...

Hoiana project to receive US$34 million advance

Suncity Group Holdings on Tuesday announced it will be providing further financial assistance to Gold Yield Enterprises (GYE), the majority owner of the Hoiana...

Lawmaker Akimoto faces rearrest on additional casino bribery charges

As he reaches the 23-day limit of his detention over charges that he accepted 3 million yen (about US$28,000) in bribes from the Chinese lottery firm 500 Dot Com, prosecutors reportedly plan to rearrest former State Minister for the Cabinet Office Tsukasa Akimoto, now believing that the bribes were more than double what they initially suspected.