K. Wah, Harrah's in Talks

1 Jun 2006

HONG KONG – As reported by Reuters: "Mid-sized property developer K.Wah International is talking with investors including Harrah's Entertainment Inc. about selling some or all of a stake in Macau casino operator Galaxy Entertainment, a senior executive said.

"Market speculation that K.Wah is shopping for buyers for part or all of its 18.7 percent stake in Galaxy has sent the gaming firm's shares soaring nearly 30 percent in the last week to its highest level in over a year.

"But K.Wah had not disclosed names of potential investors until Thursday.

"…Lui would not say whether K.Wah intended to sell all or part of its stake.

"Harrah's, the world's largest casino operator by revenue, lost a golden opportunity to burst into the exploding Asian gambling market last week when Singapore picked Las Vegas Sands Corp. to build the country's first casino…"

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue Related Links Macanese Online Gambling
	K. Wah, Harrah's in Talks 1 Jun 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> HONG KONG – As reported by Reuters: "Mid-sized property developer K.Wah International is talking with investors including Harrah's Entertainment Inc. about selling some or all of a stake in Macau casino operator Galaxy Entertainment, a senior executive said. "Market speculation that K.Wah is shopping for buyers for part or all of its 18.7 percent stake in Galaxy has sent the gaming firm's shares soaring nearly 30 percent in the last week to its highest level in over a year. "But K.Wah had not disclosed names of potential investors until Thursday. "…Lui would not say whether K.Wah intended to sell all or part of its stake. "Harrah's, the world's largest casino operator by revenue, lost a golden opportunity to burst into the exploding Asian gambling market last week when Singapore picked Las Vegas Sands Corp. to build the country's first casino…"

Related Links

K. Wah, Harrah's in Talks