Frontier Capital Group Shareholders Approve Casablanca Casino Acquisition
Frontier Capital Group Ltd. shareholders authorized on Thursday the proposed acquisition of Stotsenberg Leisure & Hotel Corporation, including Stotsenberg resort and Casablanca Casino, located in the Philippines’ Clark Freeport Zone. The offer is usually to be completed later on in January and the group that is australia-listed to pay for the quantity of $26 million for online casino malaysia legal the resort and casino complex.
Frontier Capital announced its decision to get Stotsenberg Leisure & Hotel Corporation back in 2015 november. It’s going to spend the consideration that is above-mentioned 154.05 million Frontier Capital shares that will be used in the vendor in three tranches.
The company said 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 stocks are to be suspended up until the Australian Securities Exchange approves the re-compliance using its rules.
The Stotsenberg Hotel currently features 239 rooms as well as a true number of food and drink choices, attractions, and a meeting center with room for approximately 2,000 people. In terms of Casablanca Casino, it is inspired by the hit that is popular and has 36 gaming tables, 190 slot machines, and two spaces for VIP gambling customers. The complex is located into the Clark Freeport Zone, maybe not far from the Clark airport terminal.
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