Tag: casino

Price sensitivity keeps the price down, but the offering still comes at a slight premium to Wynn Macau after the latter falls below its IPO price. The spin-off from Las Vegas Sands sets its price range at a slight discount to Wynn Macau's current valuation. Targeting a combined $5 billion, the two high-profile deals are coming to market at a time when the global equity markets are again starting to look more challenging. Modest retail demand means there will be no clawback, but the deal attracts strong institutional interest and prices at the top of the range for a total size of $1.63 billion. The Macau casino and resorts operator seeks to raise up to $1.63 billion from a Hong Kong listing, but won't get to keep any of that money. Gaming company Melco Crown Entertainment raises money to speed up repayments for its flagship Macau project City of Dreams. The deal is expected to price at the bottom for a total size of $425 million. Thousands of investors cancel their earlier orders in light of a legal challenge, leaving Deutsche Bank as the underwriter to cover the shortfall. But the bank hedges its ... The deal comes as the company breaks ground for its Singapore casino resort, sending the share price sharply higher. The deal comes as Genting International wins the bid for an integrated casino resort in Singapore. Separately, Champion attracts strong demand to Asia's first CB by a Reit issuer. The five-year bonds have a zero coupon and zero yield that provides the casino operator with cheap financing for its ongoing development on the Cotai Strip. Desire to see bonds convert prompts Resorts World to use rare negative yield structure. UNiTAB directors stand firm on a merger with Tattersall’s as Tabcorp writes to the company’s shareholders urging them to accept a A$2.1 billion takeover offer. Macau gamer launches global roadshow for debut high-yield offering. Stanley Ho group raises equity financing for Macau casino and hotel JV. Duo acquire rights to a 25-year renewable lease on the Cotai Strip for $214 million.