Cae­sars to sell Ma­cao golf re­sort

China Daily (Hong Kong) - - SUNDAY DIGEST -

Casino gi­ant Cae­sars En­ter­tain­ment Corp. in­formed reg­u­la­tors on Fri­day that it is sell­ing its prop­erty in Ma­cao to an Asian de­vel­oper for $438 mil­lion. The Las Vegas-based com­pany re­ported in a quar­terly fil­ing to the US Se­cu­ri­ties and Ex­change Com­mis­sion that it had agreed on Tues­day to sell the golf-course prop­erty to Pearl Dy­nasty In­vest­ments Ltd. The pub­licly traded com­pany said the sale is ex­pected to close by the end of the year.

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