Zagame Corp. lists six gaming hotels for A$300m

Zagame Corp. has plans to sell six properties across Australia and Vanuatu for approximately A$300 million ($225 million).

The hotels for sale in Australia include Zagame’s Reservoir Hotel, Zagame’s Caulfield Club, Zagame’s Boronia Hotel, Zagame’s Ballarat Club, Zagame’s Berwick Springs Hotel, and 4-star Grand Hotel and Casino in Vanuatu.

The assets can be bought individually or as a collective.

Company founder Victor Zagame passed away in late 2017 at the age of 77. He opened the Zagames’ first hotel in 1971, which was the Albion Charles Hotel.