OK given for Dunedin Casinos to acquire US interests

Mr Hagaman has been placing some of his assets, including his 42% shareholding in Dunedin Casinos, into a family trust called the Casino Trust.

Consent was required from the Overseas Investment Commission because he has chosen one of his daughters to be a trustee.

She is a US resident and one of three Hagaman offspring living there, so she will represent their interests over 27% of the voting securities of Dunedin Casino's and a share in voting power to appoint directors of Dunedin Casinos. The casino leases space in Dunedin's Southern Cross Hotel, the flagship for the Scenic Circle Hotels chain.

Mr Hagaman co-founded the Scenic Circle chain in the mid-1980s.

Profile - see The Rich List

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 24 January 2025
Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report
KPG - Changes to the Kiwi Property Board