Latest news with #Dorsett
Business Times
12-08-2025
- Business
- Business Times
Star Entertainment reaches deal to sell 50% stake in Brisbane resort to Hong Kong investors
AUSTRALIA'S Star Entertainment said on Tuesday it had reached a deal with its Hong Kong-based partners to sell its 50 per cent stake in the A$3.6 billion (S$3 billion) Brisbane resort, reviving a transaction that collapsed earlier this month. Star is selling its interest for A$53 million, of which A$45 million was paid in March. The Australian company will also take two-thirds of the Dorsett and Andaz hotels - currently under construction - from its Hong Kong-based shareholders. Star will also retain its rights to any future development at the Gold Coast operations, it said. Trading in Star's shares was halted by the exchange operator before the market opened. Talks broke down in early August after investors Far East Consortium and Chow Tai Fook Enterprises - both seeking to exit the joint venture - refused to extend negotiations. The failure left Star liable to repay A$41 million to the investors before Sept 5. Star, Australia's second-largest casino operator, has been under severe financial strain after years of regulatory scrutiny and lawsuits linked to money-laundering allegations. Chow Tai Fook and Far East each hold a 2.8 per cent stake in Star. The key parts of the deal are materially consistent with the agreement that was announced in March, when Star laid down initial plans to sell its stake in the Brisbane development. The Queen's Wharf casino and hotel complex, the newest of Star's three precincts alongside Sydney and the Gold Coast, was developed with the backing of its Hong Kong shareholders. REUTERS
Reuters
12-08-2025
- Business
- Reuters
Star Entertainment reaches deal to sell 50% stake in Brisbane resort to HK investors
Aug 12 (Reuters) - Australia's Star Entertainment ( opens new tab said on Tuesday it had reached a deal with its Hong Kong-based partners to sell its 50% stake in the A$3.6 billion ($2.35 billion) Brisbane resort, reviving a transaction that collapsed earlier this month. Star is selling its interest for A$53 million, of which A$45 million was paid in March. The Australian company will also take two-thirds of the Dorsett and Andaz hotels — currently under construction — from its Hong Kong-based shareholders. Star will also retain its rights to any future development at the Gold Coast operations, it said. Trading in Star's shares was halted by the exchange operator before the market opened. Talks broke down in early August after investors Far East Consortium ( opens new tab and Chow Tai Fook Enterprises — both seeking to exit the joint venture — refused to extend negotiations. The failure left Star liable to repay A$41 million to the investors before September 5. Star, Australia's second-largest casino operator, has been under severe financial strain after years of regulatory scrutiny and lawsuits linked to money-laundering allegations. Chow Tai Fook and Far East each hold a 2.8% stake in Star. The key parts of the deal are materially consistent with the agreement that was announced in March, when Star laid down initial plans to sell its stake in the Brisbane development. The Queen's Wharf casino and hotel complex, the newest of Star's three precincts alongside Sydney and the Gold Coast, was developed with the backing of its Hong Kong shareholders. ($1 = 1.5349 Australian dollars)
Yahoo
24-07-2025
- Sport
- Yahoo
Ex-Falcons wide receiver signs with Las Vegas Raiders
The Las Vegas Raiders have signed former Atlanta Falcons wide receiver Phillip Dorsett to their roster just in time for the start of NFL training camp. Dorsett, a former first-round draft pick, spent last season on the Falcons' practice squad and did not appear in a single game. After initially signing a reserve/futures contract with Atlanta over the offseason, Dorsett was released by the team in May to make room for linebacker Caleb Johnson. A former Super Bowl champion with the New England Patriots, Dorsett joins a revamped Raiders team led by former Seahawks head coach Pete Carroll. It will be the veteran wide receiver's second stint with the Raiders, and second time playing for Carroll. Dorsett, 32, has played for eight different teams since being selected by the Indianapolis Colts in the first round of the 2015 NFL draft. His best season came in 2016 when he recorded 33 catches for 528 yards and two touchdowns. The Falcons did not select a wide receiver in the 2025 NFL draft, but they signed former San Jose State wideout Nick Nash as an undrafted free agent. Nash recorded 1,382 receiving yards and 16 touchdowns during his final collegiate season. Atlanta's rookies and veterans reported to training camp on Wednesday and the team's first official practice is set for Thursday morning. Check out the Falcons' updated 90-man roster and open practice schedule for training camp. This article originally appeared on Falcons Wire: Atlanta Falcons: Phillip Dorsett signs with Las Vegas Raiders
USA Today
23-07-2025
- Sport
- USA Today
Ex-Falcons wide receiver signs with Las Vegas Raiders
Former first-round pick Phillip Dorsett signs with Las Vegas Raiders as camp begins The Las Vegas Raiders have signed former Atlanta Falcons wide receiver Phillip Dorsett to their roster just in time for the start of NFL training camp. Dorsett, a former first-round draft pick, spent last season on the Falcons' practice squad and did not appear in a single game. After initially signing a reserve/futures contract with Atlanta over the offseason, Dorsett was released by the team in May to make room for linebacker Caleb Johnson. A former Super Bowl champion with the New England Patriots, Dorsett joins a revamped Raiders team led by former Seahawks head coach Pete Carroll. It will be the veteran wide receiver's second stint with the Raiders, and second time playing for Carroll. Dorsett, 32, has played for eight different teams since being selected by the Indianapolis Colts in the first round of the 2015 NFL draft. His best season came in 2016 when he recorded 33 catches for 528 yards and two touchdowns. The Falcons did not select a wide receiver in the 2025 NFL draft, but they signed former San Jose State wideout Nick Nash as an undrafted free agent. Nash recorded 1,382 receiving yards and 16 touchdowns during his final collegiate season. Atlanta's rookies and veterans reported to training camp on Wednesday and the team's first official practice is set for Thursday morning. Check out the Falcons' updated 90-man roster and open practice schedule for training camp.
Yahoo
12-06-2025
- Yahoo
Gun toss raises suspicion during traffic stop
Lee County Sheriff's Office narcotics agents approaching a vehicle observed a handgun being thrown from the front passenger window during a June 3 traffic stop in the area of Washington Avenue and Garden Street in Sanford. Larry Durand Dorsett, 49, who is a convicted felon prohibited from possessing firearms, was the occupant who threw the handgun, a release states. Dorsett was also found to be allegedly in possession of approximately 68 grams of marijuana. Dorsett was arrested and charged with possession of a firearm by a convicted felon, possession of Schedule VI controlled substance, marijuana, possession with intent to sell and deliver a Schedule VI controlled substance, and possession of marijuana paraphernalia. He was held on a $40,000 secured bond. Agents also allegedly located a stolen handgun in the possession of the driver, Brian Colin Dunlap, 50. Dunlap was arrested and charged with possession of a stolen firearm, expired registration and driving left of center. He was held on a $20,000 secured bond.
