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SHFL entertainment, Inc. Message Board

corticalchatter 3 posts  |  Last Activity: Dec 29, 2014 2:08 PM Member since: Feb 20, 2004
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    City of Dreams Manila opening in February 2015

    by ihubtrader Dec 21, 2014 7:16 PM
    corticalchatter corticalchatter Dec 29, 2014 2:08 PM Flag

    Mocha is not wholly owned by Melco..
    Mocha is owned by Melco Crown (MPEL). MPEL is owned 50% by 0200hk and 50% by Crown. Thus Melco (0200hk) owns 50% of Mocha Clubs.
    0200hk owns 65% EGT (and with Chung/directors ~ 75%).
    I think Melco (0200hk) owns a larger percentage ownership of EGT than any of its other gaming jv's/subsidiaries.

  • corticalchatter corticalchatter Dec 25, 2014 9:12 AM Flag

    Probably do not know any more than you, but the shares they owned BEFORE cost zilch. The recent offering shares were out of pocket $. Big dif.
    Of course they care re the PPS. When 0200hk/Clarence decided the only option to save/succeed was via the rights offering it was to the benefit of any participating to have the price as low as possible.
    I did not participate in the offering. I guess that tells you the faith I have in the management team. Remains to be seen what plans the parent company has for egt. THAT will dictate the future.
    Happy Holidays to you and yours

  • corticalchatter corticalchatter Dec 23, 2014 5:25 PM Flag

    K,
    Egt's major shareholder and chairman/directors, who just plunked down 16Mil combined, must not share your concerns.
    The same group as of the rights offering closing owns ~ 75% of the pie. 0200hk has a history of doing most ( ? all) of their projects as some type of jv. What happens from here ? Clarence alone has not been able to make it happen. Will Lawrence and the 0200hk 'machine' make IT happen ? is THE relevant question.

SHFL
23.190.0000(0.00%)Nov 22 4:00 PMEST

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