Casinos: Holland Casino is currently the only legal provider of casinos in the Netherlands, with the State as its sole shareholder. The government intended on . Apr. (4) Following Fimalac's acquisition of 10% of Société Fermière du Casino Municipal de Cannes (SFCMC), a shareholders' pact was signed. The Casino Group signs an agreement with funds managed by Fortress Investment Group for the sale of 26 hypermarkets and supermarkets.
The company says that having sold its biggest business it was not worth staying on AIM. It added that even in the good times it was not able to raise any cash on AIM by issuing shares as no-one wants to invest in a tin pot sub scale entity from out East.
That rather raises the question of how Nomad Cenkos managed to persuade this company to list in the first place. Thus the chairman, a non Malaysian and the only member of the board with any credibility announced he was going to walk and the Nomad Allenby gave three months notice.
The hapless Malays left in charge said they will try to find another Nomad. The suspension price was 0. So in eight odd years investors have lost all their money as the shares are now untradeable.
The odds of a distribution look small now that there is no Nomad or AIM Regulation to guide the company. More coke and hookers for the crony capitalists!
For the mug punters the return is, as ever, nothing. This area of the ShareProphets. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.
The information available at ShareProphets. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.
More info Got It! Friday, February 1, January 24, 3: License Expiration News about the new SJM shareholder alliance arrive ahead of the looming expiration of casino licenses in Macau starting next year through Terry Davis Terry Davis holds a degree in Psychology, but it was after his graduation that he found his real passion — writing.
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