Seanie's casino deal off
Sean FitzPatrick's exotic casino deal in Macau has turned sour
Sunday September 20 2009
Former Anglo Irish boss Sean FitzPatrick has seen his punt on a €260m Macau Casino deal sour.
FitzPatrick was an investor with Claret Capital, which provided a large chunk of a €260m buy-in to the Fisherman's Wharf casino complex in Macau in late 2007.
However, the casino has failed to perform to expectations, leading to a row between its shareholders.
Hong Kong tycoon David Chow was thought to have agreed a deal to buy out the investors for just €130m.
But this deal collapsed and the investors are believed to have snubbed a fresh offer of just €65m for their shares. Claret declined to comment.
- Nick Webb
