• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 24 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
  • 中文
  • 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
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Far East Consortium considering spin-off and separate listing of international IR, hospitality assets

Newsdesk by Newsdesk
Thu 28 Nov 2019 at 14:47
Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Star’s AU$3.6 billion Queen’s Wharf Brisbane development.

43
SHARES
1k
VIEWS
Print Friendly, PDF & Email

Hong Kong-listed construction giant Far East Consortium International Limited is considering a potential spin-off and separate listing of some of its hospitality projects in Australia, Singapore, Malaysia and the UK in order to create a new income stream and bolster expansion.

Although there were no details outlined of exactly which projects would be included, the spin-off would likely involve the six hotels it currently operates in Malaysia, two in London and one in Singapore – the recently acquired hotel Oakwood Premier OUE Singapore.

It would also incorporate Far East Consortium’s integrated resort developments in Australia: the company is a 25% joint venture partner in Destination Brisbane Consortium, which is developing the AU$3.6 billion Queen’s Wharf Brisbane alongside The Star Entertainment Group and Chow Tai Fook. It also holds a 5% stake in Star Entertainment Group.

If followed through, Far East Consortium said the spin-off and listing of the selected hospitality assets would be on an unnamed overseas securities exchange in the form of a stapled trust group, comprising a real estate investment trust and a business trust.

“The Board believes that the potential spin-off and separate listing, if it proceeds, would among others: (i) create an asset management platform for the Group dedicated to hospitality assets, which would generate a new income stream to the Group, (ii) unlock and crystallize the value of the hospitality properties of the Group, and allow the Group to recycle capital, and (iii) facilitate more active third-party hotel acquisitions using the spun-off entity,” the company said.

A final decision on the spin-off is pending.

RelatedPosts

Women in Gaming & Hospitality Australasia names two new board members

Star announces six key executive appointments, Helen Galloway named Independent Chair of The Star Sydney

Tue 24 Jun 2025 at 14:22
Patience pays

Melco parent raises US$98 million through rights issue, shareholding of Lawrence Ho slightly lower

Wed 18 Jun 2025 at 05:54
Melco parent appoints CFO Geoffrey Davis as Executive Director, Henry Ko Chun Fung joins board

Melco parent appoints CFO Geoffrey Davis as Executive Director, Henry Ko Chun Fung joins board

Mon 9 Jun 2025 at 05:25
Hong Kong Chief Executive claims to have discussed “travel bubble” with Macau

Over 90% of Hong Kong residents support introduction of basketball betting as 50% net revenue tax proposed

Fri 6 Jun 2025 at 19:10
Load More
Tags: Destination Brisbane ConsortiumDorsett HotelFar East ConsortiumHong KonghospitalityQueen's wharf brisbanespin-offStar Entertainment Group
Share19Share3
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
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

SABA Sports to highlight global scale and strength at SBC Summit 2025

SABA Sports to highlight global scale and strength at SBC Summit 2025

by Newsdesk
Tue 24 Jun 2025 at 15:05

In the lead-up to SBC Summit 2025, SABA Sports is reinforcing its standing as one of the industry’s most established and performance-driven sportsbook providers. With nearly three decades of operational experience, the brand continues to set the benchmark for scale,...

Women in Gaming & Hospitality Australasia names two new board members

Star announces six key executive appointments, Helen Galloway named Independent Chair of The Star Sydney

by Ben Blaschke
Tue 24 Jun 2025 at 14:22

Australia’s Star Entertainment Group has announced the appointment of six key executive and director appointments, including former Las Vegas Sands executive Helen Galloway as Independent Chair of The Star Sydney and hotels veteran Jennifer Cronin as Interim CEO of The...

Emperor Group to target Macau’s premium mass market after 2019 revenue decline

Emperor Entertainment sees Macau gaming segment’s revenue contribution rise in FY25 just as satellite casino era nears its end

by Ben Blaschke
Tue 24 Jun 2025 at 06:50

Emperor Entertainment Hotel Limited, operator of Macau’s Grand Emperor Hotel, saw the share of revenue contributed to the group by its gaming segment increase to more than 60% in the year ended 31 March 2025 – just as the Macau...

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

by Newsdesk
Tue 24 Jun 2025 at 06:25

New Zealand’s Department of Internal Affairs has issued a call for international online casino operators to register their interest as the government prepares legislation to introduce regulated online gaming. In a statement issued Monday, Trina Lowry – New Zealand’s Online...



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
  • 中文
  • 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
  • 中文
  • 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.

  • 中文
  • English
  • 日本語