• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 1 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Jay Chun set to increase shareholding in Macau’s Paradise Entertainment

Newsdesk by Newsdesk
Mon 15 Apr 2019 at 04:51
Paradise Entertainment eyes Macau casino license, foreign expansion

Paradise Entertainment Chairman and Managing Director Jay Chun

34
SHARES
643
VIEWS
Print Friendly, PDF & Email

Macau’s Paradise Entertainment Ltd has flagged a likely substantial increase in shares held by Chairman and Managing Director Jay Chun via a proposed repurchase mandate.

In a Friday announcement, Paradise said it will seek authority from shareholders to allow the company’s directors to purchase up to 105,218,531 of its shares on the market, equal to around 10% of current issued share capital. The proposal will be voted on at Paradise’s AGM on 21 May 2019.

Outlining the likely outcomes of a repurchase mandate, Paradise said the shareholding of Chun and a company wholly-owned by him, August Profit Investments Limited – which together hold 59.96% of issued share capital – would rise to 66.63% if the full mandate was exercised.

However, it added that the repurchase mandate would not reduce the aggregate amount of shares in public hands to below 25%, nor would it lift Chun to a level that would require him to make a mandatory takeover offer under the Takeovers Code.

Paradise is the developer of Macau’s popular Live Multi-Game terminals and operates two casinos on the Macau peninsula – Casino Kam Pek Paradise and Casino Waldo.

 

 

RelatedPosts

Robert Goldstein to step aside as LVS Chairman and CEO from March 2026, replaced by Patrick Dumont

Robert Goldstein: Macau gaming market challenged by increased competition, online gambling and US-Sino trade war

Fri 30 May 2025 at 06:42
Macau’s hotel occupancy rate reaches 89% in July

Macau’s hotel occupancy rate climbed to 87.8% in April

Thu 29 May 2025 at 17:27
On the brink

On the brink

Thu 29 May 2025 at 13:27
Macau GGR rises 43.7% year-on-year to MOP$86.86 billion in 2021

Moody’s maintains investment-grade rating for Macau as fiscal reserves climb to US$77 billion

Thu 29 May 2025 at 05:23
Load More
Tags: Jay ChunKam PekMacauParadise EntertainmentWaldo
Share18Share2
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Vietnam asks PM to grant approval for US$2 billion Van Don casino development in Quang Ninh province

Vietnam asks PM to grant approval for US$2 billion Van Don casino development in Quang Ninh province

by Newsdesk
Sun 1 Jun 2025 at 11:26

Vietnam’s Ministry of Finance has reportedly submitted a proposal to the Prime Minister seeking approval to push forward with a VND51.5 trillion (US$2 billion) luxury casino-resort development in Quang Ninh province. The project is the same one previously proposed by...

Resorts World Las Vegas – Lighting up the north

Genting’s RWLV to “re-establish VIP play” after settling regulatory complaint as analysts warn of need to recalibrate “risk appetite”

by Ben Blaschke
Sun 1 Jun 2025 at 09:56

The recently overhauled management team at Genting’s Las Vegas flagship Resorts World Las Vegas (RWLV) will need to reassess their appetite for risk after the property again reported disappointing results for the three months to 31 March 2025, according to...

Queensland regulator looking into Townsville, Cairns casinos over unlicensed junket links: report

Australia’s financial crime watchdog sets sights on regional casinos The Ville and Mindil Beach

by Ben Blaschke
Sun 1 Jun 2025 at 09:33

Having taken a sword to Australia’s “big three” casino operators, financial crime watchdog AUSTRAC appears to have set its sights on tier two after instructing Townsville’s The Ville Resort-Casino and Darwin’s Mindil Beach Casino Resort to appoint external auditors to...

EGT’s Asian-themed products to make a splash at SiGMA Asia 2025

EGT’s Asian-themed products to make a splash at SiGMA Asia 2025

by Newsdesk
Sun 1 Jun 2025 at 09:31

CLIENT PROMOTION European supplier EGT has confirmed that it will participate in this year’s edition of SiGMA Asia, taking place on 3 and 4 June in Manila. “We have prepared a fascinating selection of products developed specifically for the Asian...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語