Tedarikçi Haberleri
China – Caesars slips out of Macau
By Phil - 12 Ağustos 2013
Caesars Entertainment is ready to offload its investment in Macau with an agreement to sell its golf course in the gambling capital of the world to Pearl Dynasty Investment for US$438m.
Having turned down the opportunity of buying Wynn Resort’s sub concession to operate in Macau in 2006, Caesars quickly realised its mistake and bought the golf club a year later in the hope that the Macau government would award further gaming licences; which they didn’t do. It paid $578m for the land, the site of the Macau Golf Course, with the intention of developing it into a hotel-casino complex.
Pearl Dynasty has already paid £65.7m. The deal is expected to be concluded within 90 days with the price increasing by a further $8m if the closing date is extended by a month.
