Add mobile to receive additional rewards (optional)

Latest Posts

Winning right now

Dwarfs Gone Wild
Chloe L
Dwarfs Gone Wild
€ 910.5
Phoenix Sun
Karalin W
Phoenix Sun
€ 844
Wins of Fortune
Jonathan M
Wins of Fortune
€ 1,204
Dwarfs Gone Wild
Chloe L
Dwarfs Gone Wild
€ 1,037
Hidden Valley
Bryan M
Hidden Valley
€ 917.4

Most Popular

Secret Romance Slot Game
Halloween Promotion at Casino-Mate
Nico Rosberg Wins in Japan
Shanghai Beauty Online Slot Review
UniversityWorld Rankings
Lost Vegas Online Pokie

Australia Hoyts Cinema Chain acquired by China

China’s Wanda Cinema Line Corp has announced it will purchase the Australian cinema chain Hoyts Group – a decision that might just lead Wanda Cinema to become a global entertainment company.

Hoyts Cinema Chain

Wanda Cinema didn’t disclose how much they are paying to get ownership of Hoyts, but it is speculated that the amount could be close to $750 million.

Over 450 cinema screens in Australia are operated by Hoyts, while Wanda Cinema is China’s largest cinema operator with over 150 motion-picture houses in 80 cities across the country.

Dalian Wanda, the parent company of Wanda Cinema Line Corp, seeks to expand its holdings away from real estate, hence the latest acquisition. The Dalian Wanda Group also owns the North American cinema chain AMC Entertainment.

Earlier this year, Dalian Wanda purchased Swiss marketing firm Infront Sports and Media AG for $1.15 billion, following a 45 million Euro investment in the Spanish soccer club Atletico Madrid.

Dalian Wanda also agreed to a $8.07 billion investment in 2013, in order to build a movie studio and entertainment complex in the Chinese coastal city, Qingdao. One thing is certain; the Wanda Group is rapidly increasing its foothold in the entertainment and leisure sector across various countries.