Genting sells Star stake for $181.9 million

Date

July 14, 2017

Author

none

Source

Asia Gaming Brief

Region


Subject

Australia

URL

http://agbrief.com/news/genting-sells-star-stake-1819-million

Malaysian casino operator Genting Group has sold its stake in Australia’s The Star Entertainment Group for A$235.2 million (US$181.9 million)… a net gain of $67.5 million on its investment. The Genting Group initially bought a 9.7 percent stake in The Star back in early 2012.