Frontier Capital Group Shareholders Approve Casablanca Casino Acquisition

Frontier Capital Group Shareholders Approve Casablanca Casino Acquisition

Frontier Capital Group Ltd. investors authorized on Thursday the acquisition that is proposed of Leisure & Hotel Corporation, including Stotsenberg resort and Casablanca Casino, found in the Philippines’ Clark Freeport Zone. The deal is to be finished later on in January and also the Australia-listed group is to pay the quantity of $26 million for the hotel and casino complex.

Frontier Capital announced its decision to buy Stotsenberg Leisure & Hotel Corporation back in 2015 november. It will pay the consideration that is above-mentioned 154.05 million Frontier Capital stocks which will be transferred to owner in three tranches.

The company stated on that its shares have been suspended so that it can change the description of its activities after the acquisition of the hotel and casino complex thursday. The shares are to be suspended up to the Australian Securities Exchange approves the re-compliance with its rules.

The Stotsenberg resort currently features 239 rooms and a true amount of meals and drink options, tourist attractions, and a convention center with space for approximately 2,000 individuals. As for Casablanca Casino, it’s influenced by the popular hit film and has 36 video gaming tables, 190 slots, and two rooms for VIP gambling customers. The complex is located in the Clark Freeport Zone, perhaps not not even close to the Clark International Airport.

E!xcite Gaming and Entertainment Inc. Continue reading “Frontier Capital Group Shareholders Approve Casablanca Casino Acquisition”

Thousand Isles Casino to keep in Gananoque

Thousand Isles Casino to keep in Gananoque

Great Canadian Gaming, this new owner of Thousand Islands casino in Gananoque, assured businesspeople that is local the gambling location would not be banished.

Rod Baker, CEO associated with the gambling operator which recently obtained a controlling interest in the casino, stated that the Ontario Lottery and Gaming Corporation has offered them the exclusive directly to run it for 20 years and a possibility for an additional extension and as they can that they are there to stay for as long.

Mr. Baker, as well as five other Great executives that are canadian two OLG officials, attended a Chamber of Commerce breakfast. They met about 100 business that is local and politicians and informed them about their plans for the casino. Mr. Baker told community they are really excited to engage in it.

Local businesspeople commented that there was a ‘massive, collective sigh of relief’ in the region after Great Canadian as well as the OLG announced that the gambling place would remain in Gananoque and would not be moved to Kingston.

Gord Brown, a local MP, said that the casino will likely thrive because of the low gasoline prices in combination with the low dollar. And here it is important to note that it had been precisely the law buck and Gananoque’s proximity to your U.S. edge that resulted in the construction of this casino into the town rather than somewhere else. Thousand Islands had been founded back 2002.

Great Canadian has recently won the right to run the gambling enterprises in Ontario’s East Gaming Bundle. Continue reading “Thousand Isles Casino to keep in Gananoque”