Jan 02, 2015 Newsdesk Latest News, Macau, Top of the deck  
International Entertainment Corp – a Hong Kong-listed company that in January last year said it was interested in buying a 70-percent economic interest in Macau junket investor Suncity International Holdings Ltd – stated in a filing on New Year’s Eve that it was allowing the exclusivity clause on the would-be deal to lapse as of midnight that day.
It added: “The board is still reviewing the company’s position in relation to the possible acquisition and will make further announcement(s) as and when appropriate”.
Shares of International Entertainment seesawed wildly on Tuesday – apparently on speculation relating to the possible Suncity deal. The stock rose 50.87 percent by the end of Hong Kong trading on Tuesday to close at HKD2.61 (US$0.34), after falling 19 percent the previous day.
In morning trading on Friday, the stock stood at HKD2.85 per unit by 11.10am, down 8.65 percent on the previous close.
International Entertainment is controlled by the family of Hong Kong billionaire Cheng Yu Tung, who has been a long-term business partner of Stanley Ho Hung Sun, founder of Macau casino concessionaire SJM Holdings Ltd.
Jan 18, 2024
Jan 12, 2024
Apr 19, 2024
Apr 19, 2024
Apr 19, 2024
The deployment of a “smart table” product – combining the use of radio frequency identification (RFID) technology and cameras gathering data for analysis via artificial intelligence (AI) –...(Click here for more)
”Once Solaire North is fully ramped up, and both properties are generating a certain expectation that we have on cash flow… then we will probably launch the Paniman [casino] project”
Enrique Razon
Chairman and chief executive of Bloomberry Resorts