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Crown Resorts says Crown Sydney receives conditional planning approval

Monday, 27 Jun 2016 10:08pm EDT

Crown Resorts Ltd : Crown Sydney receives conditional planning approval . Approval for applications for modification of concept plan for Barangaroo, construction of crown Sydney hotel resort at barangaroo south .

Iao Kun Group provides updates on its announced acquisition of Jeju Sun Hotel & Casino

Monday, 27 Jun 2016 08:00am EDT

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited provides additional details on its announced acquisition of the Jeju Sun Hotel & Casino in Jeju, Korea . Says expects to finalize its funding arrangements for acquisition within next few weeks . Says expects hotel and gaming operations to generate positive cash flow post-acquisition .Says funding structure to be finalized should cause acquisition to be accretive to earnings per share.

Berjaya Land reports qtrly net loss of 458.6 mln RGT vs loss of 418.5 mln RGT

Monday, 27 Jun 2016 06:05am EDT

Berjaya Land Bhd :Qtrly net loss 458.6 million RGT versus loss of 418.5 million RGT; qtrly revenue 1.70 billion RGT versus 1.62 billion RGT.

Tatts sells UK slots business

Sunday, 26 Jun 2016 07:14pm EDT

Tatts Group Ltd : Tatts sells UK slots business . Says FY 2016 npat (continuing operations - excluding talarius) expected range $255M to $265M . Sale of talarius will result in Tatts deriving net proceeds and cash receipts (after transaction costs) of £111M . Says Tatts UK slots business sold to Novomatic . Sale after repaying debt facilities will not have a material impact on continuing earnings per share for the group . Divestment will result in non-cash accounting charge in FY 2016 financial results of A$50M which will be reported as a loss in discontinued operations . Intends maintaining tatts' current dividend policy of paying out approximately 90% of continuing operations npat . Currently intends declaring a fully franked final dividend to be paid in October 2016 .

Tatts sells UK slots business

Sunday, 26 Jun 2016 07:14pm EDT

Tatts Group Ltd : Tatts sells UK slots business . Says FY 2016 npat (continuing operations - excluding talarius) expected range $255M to $265M . Sale of talarius will result in Tatts deriving net proceeds and cash receipts (after transaction costs) of £111M . Says Tatts UK slots business sold to Novomatic . Sale after repaying debt facilities will not have a material impact on continuing earnings per share for the group . Divestment will result in non-cash accounting charge in FY 2016 financial results of A$50M which will be reported as a loss in discontinued operations . Intends maintaining tatts' current dividend policy of paying out approximately 90% of continuing operations npat . Currently intends declaring a fully franked final dividend to be paid in October 2016 .

Berjaya Assets says unit entered into sale and purchase agreement

Friday, 24 Jun 2016 07:24am EDT

Berjaya Assets Bhd : Unit entered into sale and purchase agreement for the proposed acquisition of a Freehold commercial unit .Deal for proposed acquisition 13.4 million rgt.

Iao Kun Group Holding Co to buy Jeju Sun Hotel & Casino

Thursday, 23 Jun 2016 08:00am EDT

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding company limited to acquire the Jeju Sun Hotel & Casino In Jeju, Korea . Deal for for KRW117.5 billion in cash . Under terms of agreement, Iao Kun Jeju will acquire 96.23% of outstanding capital stock of Golden Luxury . Intends to finance acquisition through loan and issuance of equity, and transaction expected to close in Q3 of 2016 . Expect current Jeju Sun Hotel management team will remain to continue to run newly renovated property .Indirect unit entered into share purchase agreement with Golden & Luxury Co, Solaire Korea Co Ltd, Bloomberry Resorts Corp.

Tabcorp files defence to Austrac's amended statement of claim

Thursday, 23 Jun 2016 03:57am EDT

Tabcorp Holdings Ltd : Tabcorp files defence to Austrac amended statement of claim . Filed a defence in relation to an amended claim filed on 20 April 2016 in the civil proceedings brought by austrac on 22 July 2015 . "Tabcorp is contesting many of the allegations made against it" . Says however, in some instances Tabcorp will not contest allegations. .Hearing is currently scheduled to commence in June 2017..

Caesars Entertainment enters into restructuring support and settlement agreement

Wednesday, 22 Jun 2016 02:01pm EDT

Caesars Entertainment Corp : Co, unit on June 22, 2016, with debtor subsidiaries entered into restructuring support and settlement agreement (“UCC RSA”) . Each party to UCC RSA agreed to support actions contemplated by UCC RSA or otherwise desirable or required to be taken to effectuate restructuring . UCC agreed to request a stay of its appeals of bankruptcy court's decisions related to chapter 11 cases - SEC filing .Caesars Entertainment says agreement with respect to restructuring CEOC’s indebtedness and obligations as set forth in CEOC plan annexed to UCC RSA.

Caesars Ent says first amended restructuring support and forbearance agreement becomes effective

Wednesday, 22 Jun 2016 06:42am EDT

Caesars Entertainment : On june 21, first amended restructuring support and forbearance agreement became effective as it was signed by requisite consenting bank creditors .Restructuring support and forbearance agreement in respect of CEOC's senior unsecured notes due 2016, senior toggle notes was amended.

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