Casinos & Gaming
Olympic Entertainment Group AS:Says its subsidiary in Malta opened groups' largest casino called Casino Malta by Olympic Casino, it was established in cooperation with Enterprise Eden Leisure Group.
MGM Resorts International:Says will create a controlled real estate investment trust ("reit"), to be named MGM growth properties llc.Will contribute the real estate associated with ten of its premier properties and mgp will assume about $4 billion of debt.Says will continue to manage and operate the properties and will retain 100% ownership of the bellagio and MGM grand Las Vegas.Says transaction is expected to be completed in the first quarter of 2016.
Berjaya Corporation Berhad:Says Berjaya Myanmar Ltd, Labuan (BML), wholly-owned subsidiary of company, had incorporated subsidiary under name Berjaya Myanmar Investment Ltd (BMIL) in Myanmar.Authorized share capital of BMIL is $1,000,000 comprising 1,000,000 ordinary shares of $1.00 each (BMIL Shares).Says issued and paid-up share capital of BMIL is $50,000 comprising 50,000 BMIL Shares.BML had subscribed for 47,500 BMIL Shares at $47,500.balance of 2,500 BMIL Shares was subscribed for $2,500 by a local Burmese investor.BMIL is now 95 pct-owned subsidiary of BML.BMIL will facilitate the business and/or project investments in Myanmar.
Berjaya Corporation Bhd:Incorporates a wholly-owned subsidiary company under the name of Berjaya Myanmar Ltd in Labuan under the Offshore Companies Act 1990.Intended principal activity of BML is investment holding.