Hong Kong-listed Emperor Entertainment Hotel Ltd. has announced that it will acquire an additional 5 percent of the privately held British Virgin Islands-registered company that operates Macau casino venue the Grand Emperor Hotel. The transaction will mean Emperor Entertainment Hotel will hold an 80-percent equity interest in Luck United Holdings Ltd.
The consideration involved will be HKD155 million (US$20 million), with the deal likely to be concluded “on or before” March 15, 2019, reported GGRAsia. The Grand Emperor operates in Macau under the gaming license of SJM Holdings Ltd.
