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Caesars plans REIT spin-off

Caesars Entertainment Operating Company (CEOC), parent of the Caesars Palace Las Vegas, said it plans to form a REIT (real estate investment trust) to raise cash to pay down debt at the 51-year-old ho…

Teleste signs frame agreement with Alstom

Teleste Corporation has signed a frame agreement with Alstom, a leading provider of integrated transport systems, for deployment of its on-board systems onto Alstom’s trains.The agreement contin…

Mantis property consumed in fire

The Plettenberg Park Hotel and Spa did not survive the Garden Route fires last week, Mantis Collections has confirmed.The hotel was situated in a private nature reserve, on Robberg Road, Plettenberg, …