Australian billionaire James Packer has made a small but potentially significant move in the takeover play for Crown Resorts saying he is open to offers for his 37 percent stake in the operator.
MGM Resorts said it remains committed to Macau and will continue to act in the best interests of its stakeholders and shareholders. The comment came after a letter from an investor urging it to sell a stake in MGM China.
Shareholders of South Shore Holdings Limited decisively rejected a motion from one major shareholder at a special general meeting held on Friday to wind up the company, a result which represented a victory for the incumbent board of directors.
Suncity Group Holdings has been given three investor relations awards from the Hong Kong Investor Relations Association.
Chan Weng Lin, also known as Levo Chan, chief executive of the junket-related Tak Chun Group, has become the largest shareholder in Macau Legend...
Donaco International has appointed the Thai vendor of its Star Vegas property in Cambodia to its board of directors as part of an accord for underwriting a share issue in the company.
Melco Resorts & Entertainment said one of its units will take up all of its entitlement to shares in a $500 million private placement from Studio City International Holdings and will also buy up any remaining shares that are unsubscribed.
Melco Resorts & Entertainment has sold its remaining 9.9 percent stake in Crown Resorts to affiliates of the Blackstone Group for A$8.15 ($5.31) a share.
Canada-based The Stars Group said it agreed to buy out minority shareholders in BetEasy, its Australian sports betting unit for AS$151 million ($103.2 million).
Donaco International has asked the Australian Government Takeovers Panel to restrain two shareholders from acquiring, transferring, or divesting their shares in the company.