The Chairman for International Entertainment Corporation, Stanley Choi Chiu Fai (pictured), has reportedly just pocketed approximately $3.38 million by selling a 4.8% stake in the hotel and leisure operator to an unnamed investor.
According to a report from Inside Asian Gaming, the move represents the third time since the spring that the billionaire businessman has disposed of a large chunk of his interest in the Hong Kong-listed firm. The source detailed that Choi acquired the company behind the Philippines’ 370-room New Coast Hot…