Hong Kong billionaire Tony Fung offers A$214 million for Australian casino trust

Hong Kong tycoon Tony Fung Wing-cheung has offered to pay A$214 million (HK$1.55 billion) to buy Reef Casino Trust, which owns the only casino in the Australian city of Cairns near the Great Barrier Reef, in an attempt to enter the country’s gambling and tourism market.

via Business feed http://www.scmp.com/business/companies/article/1355123/hong-kong-billionaire-tony-fung-offers-a214-million-australian