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Among the expansion developments proposed as part of the Strategic Alliance is the development of a new underground train station alongside The Star Sydney in Pyrmont, in partnership with the NSW Government. CTFE and FEC will also become involved in supporting and pursuing The Star Gold Coast Precinct Masterplan including up to five joint venture towers with potential for hotel and residential developments as well as expanded entertainment, tourism and retail developments. Commenting on the new Strategic Alliance, Star Entertainment Group Chairman John O’Neill said, “The board welcomes CTFE and FEC as shareholders in The Star. “Our expanded strategic partnership recognizes the strength of our relationships built over the last four years and the shared vision of investing in properties with valuable long-term licenses in sought after destinations. “The complementary skills and business possessed by each partner have contributed over the past four years to creating long-term value for all shareholders, commencing with Queen’s Wharf Brisbane. “This deal ensures a greater strategic and economic alignment of our collective interests and continues The Star’s commitment to deliver growth investments through a capital efficient structure.” Donaco wins injunction against Thai vendor to freeze major shareholding Australian-listed Donaco International Limited has been granted an injunction by the Supreme Court of New South Wales to freeze the shares held by the Thai vendors of its Star Vegas casino resort in Cambodia.Donaco is seeking damages of US$120 million from the vendors – named as Somboon Sukcharo... Tuesday, 03 April 2018 19:33 G2E Asia Awards: Meet the Judges – Raymond Chan G2E Asia and Inside Asian Gaming present our series introducing the judges for the inaugural official G2E Asia Awards, to be held in the Ballroom at MGM Cotai on Tuesday 15 May 2018.Raymond Chan co-founded TGG, a network of innovative gaming ideas to bring fun for the Asian emerging mass market ... Tuesday, 03 April 2018 06:27 Richard Branson buys Hard Rock Hotel & Casino Las Vegas The Hard Rock Hotel and Casino in Las Vegas will be renovated and rebranded Virgin Hotels Las Vegas after it was purchased by billionaire Richard Branson last week.A partnership with Los Angeles-based investment firm Juniper Capital Partners and others, Branson has promised to completely reimagine... Tuesday, 03 April 2018 06:21 Suncity Group Holdings moves to profit as IR investment looms Hong Kong-listed Suncity Group Holdings – formerly known as Sun Century Group Ltd – posted a profit attributable to the owners of the company of RMB197 million (US$31.4 million) in 2017, improved from a loss of RMB702 million in 2016. The result came despite a 50.9% decline in revenue for the ye...
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