Far East Buys Trans World

Sun, May 6, 2018

Hong Kong-listed developer Far East Consortium International Ltd. has announced a merger that allowed the company to acquire a firm with gaming and hospitality interests in Europe.

American Chance Casinos part of the deal

Hong Kong-listed developer Far East Consortium International Ltd. has acquired a firm with gaming and hospitality interests in the Czech Republic and hotels in Europe.

According to GGRAsia, Trans World Corp. is a Nevada-incorporated firm with two four-star hotels and one three-star hotel in Germany; one four-star hotel in Austria; and one four-star hotel in the Czech Republic. It also owns and operates three casinos in the Czech Republic, all under the American Chance Casinos brand.

The investment was not disclosed, but Far East Consortium noted in a March filing that the consideration of the deal “shall not exceed US$42 million” with the possible exception of adjustments for “dissenting” shareholders.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.