Melco Crown taps market for $75 million

The US-listed casino operator also issues additional shares to its parent companies for a total fundraising of $165 million.

Melco Crown Entertainment, an owner and operator of casinos and other entertainment venues in Macau, last night raised $75 million from a follow-on sale of 18.75 million new American depositary shares that was upsized by 25% due to strong demand both from Asia and the US, according to a company statement.

The Nasdaq-listed company also sold an additional 67.5 million ordinary shares to a special purpose vehicle jointly owned by its two largest shareholders -- Hong Kong-listed Melco International...

To continue reading, please login or register for free

Click for more on: placement | followon | gambling | casino | deutsche bank

Print Edition

FinanceAsia Print Edition

CONFERENCES