Publishing & Broadcasting Ltd.’s television network is in danger of losing its title as the nation's most watched to Seven Network.
So:
1. It may sell more of its television network and magazines to buyout firm CVC Asia Pacific to focus on gaming.
2. This month it announced plans to spin off Publishing & Broadcasting's gaming division.
3. It opened the first of three casinos in Macau the city that overtook the Las Vegas Strip in gaming revenue last year.
4. It has been involved in more than $1.5 billion of casino acquisitions in North America.
5. Last month it teamed with Macquarie Bank Ltd., the country's largest securities firm, to bid $1.3 billion for nine casinos in Canada.
6. It also agreed to buy a 19.6 percent stake in Fontainebleau Resorts LLC for $250 million, gaining its first holding in a Las Vegas casino development.
The heart is where the revenue is?
Or perhaps
The revenue is where the heart is?
[Click here for full story at: BLOOMBERG.COM]
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