UK-listed gaming investors seek new Asian targets

Hong Kong Standard newspaper reported that Hong Kong-listed Fragrant Prosperity PLC ­ (originally founded to raise a 70% stake in existing casino operations in Jeju Island, South Korea) is also interested in listing Hong Kong and Australia as it pursues other gaming investment opportunities in Asia.

On Wednesday, Fragrant Prosperity allocated 6,258,509 common shares of 0.10 pounds (US$0.17) per share to investors for "working capital and investment purposes," it said in a filing to GXG Markets in London.

According to the GXG entry, the current market cap is £3.1 million.

On Monday, the company said in a filing to GXG that it was "taking over 60% of the issued equity capital of Mongolian National Lottery operator Singaporean firm Monvest Group Pte Ltd by paying a total of 3 million pounds to meet in cash and equity considerations."

This week GGRAsia did not send calls or messages requesting more information about plans for fragrant prosperity and Monvest's representative office in Ulaanbaatar, Mongolia.  카지노사이트

But other Hong Kong media quoted company executive Tec Tung, who met in Hong Kong, as saying he had also been running his business in Macau's junket division for the past two months.

Fragrant Prosperity was listed on London's GXG in December 2013 and aims to invest in casinos in South Korea.