MSG Nears Sale of Tao Restaurant Group for About $550 Million
Dim sum from Hakkasan
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Mark Scheinberg, the billionaire cofounder of online gambling firm PokerStars, is in advanced talks to acquire the owner of the Hakkasan restaurant chain from Madison Square Garden Entertainment Corp., people with knowledge of the matter said.
Scheinberg’s investment firm Mohari Hospitality Ltd. is poised to beat out rival bidders for the restaurant and night club business, known as Tao Group Hospitality, according to the people. A deal could be valued at about $550 million, the people said, asking not to be identified because the information is private.