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HK billionaire plans huge Aussie casino
SYDNEY: A Chinese billionaire has revealed plans for a A$4.2bil tropical resort and casino in Australia which he says will be a “man-made wonder of the world”.
Echo, in which Genting has a share, reaches deal with US bond holders
MELBOURNE: Australian casino group Echo Entertainment has agreed to modified terms with its U.S. bond holders, which will allow it to use the proceeds of its A$454 million ($454 million) sale of shares to pay down debt.
Genting ups stake in Echo Group and is set for battle for Aussie casino operator
PETALING JAYA: A day after acquiring a total of 7.7% stake in Echo Entertainment Group Ltd, Genting Bhd has again increased its shares in the Australian casino operator directly to 9.7%.
Australia seeks to end takeovers by ‘creep’ tactics
SYDNEY: Australia’s corporate regulator is considering changing takeover laws to prevent investors from building significant stakes in a company without making a full offer.
Gina Rinehart loses US$7bil
SYDNEY: Mining magnate Gina Rinehart had A$7bil (US$6.8bil) wiped off her fortune in the past year but remains Australia’s wealthiest person, an annual rich list showed.
Australia's Echo says Perpetual able to buy 15% stake
SYDNEY: Australian casino operator Echo Entertainment said on Tuesday regulators have allowed fund manager Perpetual to increase its stake in the firm to up to 15%.
Australia's Crown prepares $2bil Las Vegas casino bid
SYDNEY: Australia's Crown Resorts Ltd is set to bid for a $2 billion casino complex in Las Vegas, according to media report, underscoring the Melbourne-based casino operator's ambition to expand to more markets.
Charitable M'sians make Forbes list
PETALING JAYA: Four Malaysians have made it into the Forbes Asia Heroes of Philanthropy list, which highlights 48 notable philanthropists in the Asia-Pacific region.
Philippines threatens to suspend Japanese tycoon’s casino licence
MANILA (AFP) - The Philippines’ gambling regulator said Tuesday it would suspend Japanese tycoon Kazuo Okada’s licence to operate a $1-billion Manila casino if he fails to explain construction delays.
Sri Lanka's strongman president voted out after a decade
COLOMBO (Reuters) - Sri Lankan President Mahinda Rajapaksa lost his bid for a third term on Friday, ending a decade of rule that critics say had become increasingly authoritarian and marred by nepotism and corruption.
