Chinese businesses invest in overseas casinos
Due to the sluggish domestic real estate investment situation, Chinese businesses are looking abroad and the money they are spending is casino. As reported by the group Morning Whistle, earlier this month, the Group State Holding Groenland in Shanghai has announced that it wants to establish a partnership with Crown Resorts of Australia to open a compound mainly a casino in the center of of Brisbane (Australia).
Acquisitions also Aquis Casino, the company's billionaire Tony Fung in Hong Kong, also had planned to spend $ 270 million to jump into the casino in Australia Reef Casino Trust and Casino Canberra. ASF Group also voiced Consortium is pushing plans worth more than $ 7.5 billion to acquire a hotel, casino and marina in Queensland (Australia).
South Korea is also the destination of Chinese businesses wanting to invest in casino. China's Landing International Development Group has joined forces with Genting Singapore to plan a $ 2.2 billion casino in Jeju Island. Statistics show that in 2013 nearly 4 million Chinese tourists visit Korea and 1.8 million of them to Jeju Island.
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