In Macau, and local businesswoman Angela Leong On-Kei (pictured) reportedly became sole owner of the 283-room L'Arc Macau after purchasing her parents Power Link Fortune Limited and City Honor Developments Limited.
According to a report by Inside Asian Gaming, Leong is the fourth partner of the late Asian casino mogul Stanley Ho Hung-Sun, and serves as co-chair and executive director of local gambling giant SJM Holdings Limited. The source detailed that a 60-year-old trader closed a transaction for an undisclosed amount on Monday in order to further take control of the gambling-friendly facility operator L'Arc Entertainment.
Continuation of cooperation:
Leong reportedly has a long history with the downtown area L 'Arc Macau after joining the late Hong Kong real estate mogul Cheng Yu -Tung in 2009, to get 53 - a factory was built. Moreover, a member of the Legislative Assembly former Portuguese enclave , the billionaire allegedly revealed that he would be holding a third-party satellite " ”Contracts until June next year, according to which SJM Holdings Limited operates its own development casino and Suncity Group operates related VIP services.
Hong Kong-listed SJM Holdings Limited reportedly used Monday's notification to respond positively to the deal and declare its completion. " represents a significant change "Compared to the previous owner of L'Arc Macau, in which Leong served as" one of many investors in intermediate holding companies ”. In addition, the casino operator has allegedly announced that it will continue to provide impressive real estate support services covering areas such as marketing, promotion, and customer development and introduction.
SJM Holdings Limited reportedly continued to argue that the decision to maintain the existing agreements with L'Arc Macau despite the change of ownership of the property is " with the group's activity consisting in running various "satellite" casinos, ", that is" the usual and usual mode of activity of the group ". The operator is allegedly responsible for 14 such "satellite" gambling companies dotted around Macau, including the Golden Dragon Hotel and the Grand Emperor Hotel.
In addition, SJM Holdings Limited, responsible for the iconic Casino Grand Lisboa, previously revealed that it expects a soft launch of its $ 5 billion The development of the Grand Lisboa Palace before the end of the following month almost 88 months of construction . It has been announced that this Cotai Strip venue will be premiered along with approximately 300 hotel rooms next door a 290, Casino sq ft offering a compliment in the form of 1, 034 and game tables before later adding a pair of their own boutique hotels to get the total number of rooms to 1,892.