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Resort interest sold for €290m

22/05/13
INVESTORS from Hong Kong have bought the Venus Rock Golf Resort in the Paphos district for €290 million.According to an announcement by Dolphin Capital Investors, a company associated with the Aristo development company in Limassol, the project will include two golf courses, a five-star hotel called Nikki Beach Hotel, two large sport centres, a shopping mall and residential areas, that will be sold to international organisations which are based in Hong Kong.Managing Partner of Dolphin Capital Partners Limited, Miltos Kambourides described the transaction as landmark... 5 comments

Scott ends Australia's Masters jinx

By Julian Linden 15/04/13
Australia's long wait for a Masters champion is finally over, and when Adam Scott won at rainy Augusta National on Sunday an entire nation rejoiced and breathed a collective sigh of relief.For Scott, it was the ultimate redemption for a player who was first labelled an underachiever when he did not contend in any of golf's four majors and eventually a choker when he did but could not win.But for Australia, it was a chance to celebrate some good news on the sporting scene after a miserable performance at last year's London Olympics and a run of losses against England in the Ashes cricket series... Read on

Tiger Woods given two-shot penalty for improper drop

By Mark Lamport-Stokes 13/04/13
Tiger Woods controversially avoided disqualification from the Masters on Saturday when officials used their discretionary powers to impose a two-stroke penalty for taking an illegal drop during Friday's second round.The world number one, a hot favourite at Augusta National where he is a four-times champion, earned his reprieve following a lengthy review by Masters officials of a penalty drop he took at the par-five 15th.Woods suffered a freakish bounce with his third shot at the hole when his approach struck the flagstick before ricocheting backwards off the green and then down the slope into Rae's Creek... 1 comment
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