The Sheraton Grand Mirage stands on a 3.45 ha site on the Gold Coast and offers extensive conferencing and events facilities together with 300-car parking and more than 215 meters of beachfront. $ 200 million resort awaits global investors:
The company now offers the Sheraton Grand Mirage for $200 million for the same purpose. Also, Star Entertainmentsold almost a 10% stake to an Australian pokie billionaire for around $142 million to mitigate the loss imposed by the anti-money laundering breaches.
The capital raising included $115 million of shares offered at $1.20, which was a 21% discount to the previous close of $1.52. The sale of the resort was announced last month when the casino operator revealed its $800 million capital raising to offset the expected statutory net loss of around $1.11 billion driven by a series of legal proceedings involving the company for failures to comply with anti-money laundering procedures, as well as the losses expected from the potential changes to the tax regime in the province. The Star contributed to the acquisition with $40 million of capital. The joint venture between these three companies was formed in 2017 when it acquired the Sheraton Grand Mirage for around $140 million. Likewise, these companies hold the same percentage in the $3.6 billion Queens Wharf casino and resort project in Brisbane. Other partners, Hong Kong Stock Exchange-listed Far East Consortium and Chow Tai Fook, each control 25 percent of the Sheraton Grand Mirage property. Sheraton Grand Mirage is a luxurious beachfront property located on the Australian Gold Coast with the Star’s stake amounting to 50 percent. Luxurious beachfront property acquired in 2017: The casino corporation thus continues its heavily discounted capital-raising drive targeted at $545 million to mitigate the $ 1.11 billion loss expected from anti-money laundering charges and the potential tax regime changes. Betting on sports futures, props and lay betsĬasino Sales, Casino News, Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Money Laundering, Oceania Casino News, Fines, Lawsuits & LitigationĪfter the sale of a 10% stake in the company for around $142 million, the Australian casino giant The Star now offers its Sheraton Grand Mirage resort on the Gold Coast for $200 million.
0 kommentar(er)
