Frontier Capital Group Shareholders Approve Casablanca Casino Acquisition
Frontier Capital Group Ltd. shareholders approved on Thursday the proposed acquisition of Stotsenberg Leisure & Hotel Corporation, including Stotsenberg Hotel and Casablanca Casino, located in the Philippines’ Clark Freeport Zone. The offer is to be finished later on in January therefore the Australia-listed group is to pay the amount of $26 million for the resort and casino complex.
Frontier Capital announced its online casino 10 euro einzahlen 50 euro choice to purchase Stotsenberg Leisure & Hotel Corporation back 2015 november. It’s going to spend the above-mentioned consideration in 154.05 million Frontier Capital shares that will be used in the vendor in three tranches.
The organization stated on Thursday that its shares happen suspended so that it can change the description of its tasks following the acquisition for the resort and casino complex. The stocks are to be suspended up until the Australian Securities Exchange approves the re-compliance featuring its rules.
The Stotsenberg Hotel presently features 239 spaces as well as a true quantity of meals and beverage choices, attractions, and a meeting center with space for approximately 2,000 people. In terms of Casablanca Casino, it really is influenced by the popular hit movie and contains 36 gaming tables, 190 slots, and two spaces for VIP gambling clients. The complex is located within the Clark Freeport Zone, maybe not far from the Clark International Airport.
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