Neptune buys Best Max for HK$4.32b

Neptune Group has agreed to pay HK$4.32 billion for Best Max, which is entitled to share profits at a casino of Galaxy Entertainment Group. The acquisition will allow Neptune to take profits from 0.45 per cent of up to HK$20 billion in monthly rolling turnover by Lucky Star, a junket and gaming promoter at Galaxy's StarWorld Casino. Neptune will also provide a loan of up to HK$6 billion to boost Lucky Star's business.