Harrah's Reno Hotel and Casino will close after Caesars Entertainment Corp. said it agreed to sell the property for $50 million to a real-estate developer, which will turn it into a nongambling resort. The change of business plan highlights the growing challenges facing traditional gambling operators. The 82-year-old Reno, Nev., casino launched the Harrah's brand, and 17 casinos in the U.S. now operate under the name. Caesars and VICI Properties Inc., a real-estate investment trust spun off from Caesars in 2017, agreed to...
Dave Schulte, chairman, president, and CEO of CorEnergy Infrastructure Trust (NYSE: CORR), participated in a video interview at Nareit's REITworld: 2019 Annual Conference in Los Angeles. Schulte said that the energy sector has had a challenging capital markets environment over the last several years.
Temasek, Trustbridge 'eye Majority Stake In Wework China', Economy News & Top Stories - The Straits Times
January 18, 2020 5:00 AMBEIJING * Singapore's investment company Temasek and Shanghai-based private equity firm Trustbridge Partners have held talks with WeWork China over raising their stake in the China branch of the troubled co-working start-up to take majority ownership, three people familiar with the matter have told Reuters.
BEIJING -- Three of China's largest state-owned energy companies replaced their top leaders Friday, two with industry outsiders, in what is seen as a bid by Beijing to assert greater control as well as a possible prelude to a broad sector realignment. China Petrochemical -- better known as Sinopec Group -- China National Petroleum Corp. and State Grid Corp. of China all appointed new chairmen with immediate effect. Sinopec Group's new chairman, Zhang Yuzhuo, previously led top Chinese coal-mining company Shenhua Group and in 2017 became the head of a special economic zone in Tianjin.
I was born into being what I can only describe as an outsider. My life started in England, about an hour east of London in a small town called Braintree. As the youngest of three, I came along during a time of relative turmoil for the family. My father, a serviceman in the US Air Force met my mother, Ann, thirteen years earlier at a social mixer/dance in Hammersmith, London. The year was 1962. My mother was in nursing school at the time and Edward (my father) was stationed at a now-defunct Cold War base, RAF Ruislip in West London.
Key world equity indexes scaled new highs on Friday as a surge in U.S. housing starts to levels last seen in 2006 powered stocks while the greenback rose to a one-week high against the euro on expectations of solid economic growth.
iM Global Partner signed a deal to acquire a 20% ownership stake in Zadig Asset Management LLP, which has around US$ 1.8 billion in assets under management. Formed in 2005 by Laurent Saglio, Zadig Asset Management is a European equities specialist that adopts a concentrated equity investing philosophy. Saglio co-managed the Voltaire fund (overseen by [...]
Kayne Anderson Real Estate LLC is an investment firm focused on alternative real estate asset classes. Goldman Sachs Asset Management's AIMS Petershill program has made a passive minority investment in Kayne Anderson Real Estate, which manages around US$ 8 billion in assets. Kayne Anderson Real Estate was launched in 2007 as a partnership between Kayne [...]
New York-based Arcesium LLC is an investment management technology and services firm, offering services in post-trade activities. Quant hedge fund giant D. E. Shaw group launched Arcesium as an independent company in 2015 with additional equity backing from Blackstone Alternative Asset Management LP (BAAM), the world's largest discretionary allocator to hedge funds, which became the [...]