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Hong Kong group invests in Cambo Six

Hong Kong group invests in Cambo Six

Golden Resorts Group, a Hong Kong-listed operator of hotel-casinos in Macau, is

set to acquire a 49 percent interest in Cambodian bookmaking business Cambo Six,

local media reported. The group said in a statement it had signed a memorandum

of understanding to acquire the share for about $19 million. Cambo Six holds a

license granted by the Cambodian government to operate an exclusive bookmaking

business for football matches. Golden Resorts will pay about $8 million in cash

for the acquisition, while the remaining $11 million will be satisfied by

issuing shares at about $0.08 per share. The deal is expected to be finalized by

May 31.

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