China Star Entertainment loans Macau junket HK$200 mln

China Star Entertainment told the Hong Kong Stock Exchange in a regulatory filing that it has extended HK$200 million ($25.8 million) in loans to an unidentified Macau junket with 23 tables in VIP rooms in the Four Seasons Hotel Macao and the Venetian Macao. The loans will enable the company to evaluate the junket’s business over an extended period of time before making a decision on whether to purchase the company. According to China Star, the rolling chip turnover of the junket totalled HK$126 billion for the past 15 months to March 2014.

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