Former supervisor Amosson, former Clear Lake Chamber executive director Collins have died

first_imgBob Amosson (photo Hogan Bremer Moore Colonial Chapels)== Former supervisor Bob Amosson died Tuesday. Amosson served on the Board of Supervisors for 14 years until 2014. Amosson was a farmer and former state mediator before deciding to run for the board’s second district seat. Amosson at the time of his retirement cited among the county’s biggest accomplishments during his time on the board being the county’s support of the $400 million Alliant Energy Plant, the construction of the Law Enforcement Center in 2004, as well as the the county and City of Clear Lake being part of a joint effort to establish the CLEAR Project. Amosson was 73. A celebration of life will be held at a later date. == Former Clear Lake Chamber of Commerce and Economic Development Corporation executive director David Collins also died earlier this week. Collins spent 12 years in Clear Lake before moving on to be the executive director of the Hubbard County Regional Economic Development Commission in Park Rapids Minnesota. Since December 2018, he was the executive director of the Washington Economic Development Group in Washington Iowa. The Washington Chamber of Commerce in a press release said Collins spent the last month traveling with friends and family, with police finding he had died at home after being requested to check on him on Wednesday. Collins was 63. Services are pending at this time. CLEAR LAKE — A former Cerro Gordo County supervisor and the former head of the Clear Lake Chamber of Commerce have both died earlier this week:last_img read more


Macau Legend announces delay in HK46 billion sale of The Landmark Macau

first_img Macau Legend slips into loss in 1H19 despite rising revenues Macau Legend Development Limited has announced an extension to the settlement period for sale of peninsula hotel and casino The Landmark Macau until 30 April 2018.In a filing to the Hong Kong Stock Exchange late last week, the company said that it had agreed in writing with four previously announced buyers to extend the long stop date, stating that “additional time is required for the company to fulfill the conditions precedent under the disposal agreement.” Load More Raising the Stakes “As at the date of this announcement, the company is in the course of obtaining the documentation from the government authority in respect of transactions contemplated under the disposal agreement,” it added. “All other conditions under the disposal agreement have been fulfilled. The company expects that the completion will take place shortly after the fulfillment of all conditions.”Macau Legend has already been paid HK$1 billion of the agreed HK$4.6 billion sale price, with the remaining HK$3.6 billion to be paid upon completion of the deal.The sale will see the property’s owners – Macau Legend CEO David Chow and wholly owned subsidiary Hong Hock – offload 100% of the issued capital in another subsidiary, New Macau Landmark Management Limited (NML), with neither to have any further interest in The Landmark upon execution of the agreement.The company had previously announced the four buyers as Dong Lap Hong Property Investment Company Limited, which will acquire 58% of NML, Tong Lap Tak Real Estate Limited (20%), Tong Hong Wan Real Estate Limited (17%) and Tong Tak Cheng Real Estate Limited (5%).The buyers will acquire the entire combined stake in The Landmark Macau – a hotel and casino complex on the Macau Peninsula covering 80,129 square meters in gross floor area including 439 five-star rooms and suites as well as Pharaoh’s Palace Casino. Pharaoh’s Palace occupies 16,698 square meters with 60 mass market gaming tables, 17 VIP gaming tables and 141 slot machines.The sale won’t completely end Macau Legend’s involvement, with one stipulation of the agreement being that Hong Hock will continue to provide gaming services at Pharaoh’s Palace “for as long as SJM maintains its status as a gaming concessionaire in Macau, including extensions and/or renewals of the existing gaming concession and/or a new concession obtained by SJM.”Under the gaming services agreement, SJM is to pay Hong Hock around 15% of gross gaming income while NML, under its new owners, will pay Hong Hock a monthly management fee of 0.5% of gross gaming income. Neither Hong Hock or SJM will pay any rent for operation of casino facilities. RelatedPosts Laos government proposes significant increase in casino taxeslast_img read more