Australian casino operator is reportedly working with the regulator for New South Wales in order to bring casino gaming to its fresh Crown Sydney property.
May 11, 2021
American casino operator Wynn Resorts Limited has reportedly announced plans to spin off its Wynn Interactive Limited subsidiary into a newly-listed entity established in partnership with Austerlitz Acquisition Corporation.
According to a Monday report from the Las Vegas Review-Journal newspaper, the firm made the announcement during a conference call to discuss its first-quarter financial results. The Las Vegas-headquartered company purportedly revealed that the move for the enterprise behind the WynnBet mobile sportsbetting app is destined to bring in some $640 million in cash that will help it to fund operations and growth initiatives.
Beneficial backer:
Wynn Resorts Limited reportedly explained that
Pakistan Loses $5 Billion Qatari Investment
Pakistan has missed out on a huge $5 billion investment from the Qatari firm Nebras Power Investment after a gruesome bureaucratic approach coupled with outdated policies that ruined the dialogue between the two parties.
If the investment had come through, it could have been utilized to revamp Pakistans’s power plants, and refurbish its airports and hotels.
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The investment kitty has now been directed towards Bangladesh.
Nebras Power Investment has acquired an equity stake in Bangladesh’s Unique Meghnaghat Power company, including a 24 percent equity stake in Unique Hotel and Resorts Limited (UHRL).
The Chief Executive Officers (CEOs) of the Qatar Investment Authority and Nebras Power had visited Islamabad on the invitation of the former Chairman of the Board of Investment, Haroon Sharif, and met with Prime Minister Imran Khan to discuss business.
Pakistan loses $5 bn potential Qatari investment
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April 27, 2021
ISLAMABAD: Lacklustre bureaucratic approach and inconsistent policies have resulted in losing $5 billion committed investment from Qatar in RLNG power plants, refurbishment of airports and hotels here in Pakistan and now it has been diverted to Bangladesh.
Now Qatar’s Nebras Power Investment (QEWS QD) has acquired equity stake in Bangladesh’s Unique Meghnaghat Power. Also, the Nebras Power Investment Management has signed a sale and purchase agreement (SPA) with Unique Hotel and Resorts Limited (UHRL) to acquire a 24pc equity stake in Unique Meghnaghat Power Limited (UMPL) in Bangladesh.
This acquisition enhances the asset base of Nebras through fully contracted projects. Under this agreement, Nebras will acquire a 24pc stake, while UHRL and SFL will jointly control a 56pc equity share in Unique Meghnaghat Power Limited.
Top Story
April 27, 2021
ISLAMABAD: Lacklustre bureaucratic approach and inconsistent policies have resulted in losing $5 billion committed investment from Qatar in RLNG power plants, refurbishment of airports and hotels here in Pakistan and now it has been diverted to Bangladesh. Now Qatar’s Nebras Power Investment (QEWS QD) has acquired equity stake in Bangladesh’s Unique Meghnaghat Power. Also, the Nebras Power Investment Management has signed a sale and purchase agreement (SPA) with Unique Hotel and Resorts Limited (UHRL) to acquire a 24pc equity stake in Unique Meghnaghat Power Limited (UMPL) in Bangladesh.
This acquisition enhances the asset base of Nebras through fully contracted projects. Under this agreement, Nebras will acquire a 24pc stake, while UHRL and SFL will jointly control a 56pc equity share in Unique Meghnaghat Power Limited.