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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