• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

U.K.-listed gaming investor seeks new Asian targets

Jul 10, 2014 Newsdesk Industry Talk, Latest News, Macau, Rest of Asia  


U.K.-listed gaming investor seeks new Asian targets

U.K.-listed Fragrant Prosperity PLC ­– originally established to raise funds for a 70 percent equity interest in an existing casino operation on Jeju Island, South Korea – is also interested in listing in Hong Kong and Australia as it pursues other gaming investment opportunities in Asia, reported the Hong Kong Standard newspaper.

On Wednesday Fragrant Prosperity said in a filing to GXG Markets in London that it had completed the allotment there of 6,258,509 ordinary shares of £0.10 (US$0.17) per share to investors “for the purpose of working capital and investments”.

It currently has a market capitalisation of £3.10 million, according to its GXG entry.

On Monday, the firm said in a filing with GXG that it was acquiring 60 percent of the issued share capital of Singapore firm Monvest Group Pte Ltd – which it said is the operator of the National Lottery of Mongolia – “for a total consideration of £3 million to be satisfied by cash and share consideration”.

Calls and messages by GGRAsia this week for more information on Fragrant Prosperity’s plans, and to Monvest’s representative office in Ulan Bator, Mongolia, were not returned.

But other Hong Kong media quoted company executive Teh Chee Teong, speaking in Hong Kong, saying the firm had also been operating in the Macau junket sector for the past two months.

Fragrant Prosperity listed on GXG in London in December 2013, with the stated aim of pursuing casino investments in South Korea.


  • tweet
Related articles
  • South Korea extends travel restrictions on China arrivals
    South Korea extends travel restrictions...

    Jan 30, 2023  

  • R&F Korea to ask extra 12mths to launch casino scheme
    R&F Korea to ask extra 12mths to...

    Jan 30, 2023  

More news
  • Macau ops track earlier recovery after Jan GGR: analyst
    Macau ops track earlier recovery after...

    Feb 01, 2023  

  • Prominent locals speak in court for Tak Chun boss Levo Chan
    Prominent locals speak in court for Tak...

    Feb 01, 2023  


Latest News

Macau ops track earlier recovery after Jan GGR: analyst

Macau ops track earlier recovery after Jan GGR: analyst

Feb 01, 2023  

Most of Macau’s casino operators are likely to generate positive free cash flow in the first quarter, given the robust recovery level of mass-market gross gaming revenue (GGR) in January, relative...
Read More
Prominent locals speak in court for Tak Chun boss Levo Chan

Prominent locals speak in court for Tak Chun boss Levo Chan

Feb 01, 2023  

January travel lift, CNY sees Macau GGR up 233pct m-o-m

January travel lift, CNY sees Macau GGR up 233pct m-o-m

Feb 01, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Momentum is expected to grow as mainland China recently reopened its borders, and this presents a substantial growth potential for us as historically a large portion of our clientele came from China”

Porntat Amatavivadhana

Non-executive chairman of Donaco International



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us