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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.
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%.
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.
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%.
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.
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.
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.