Tag: gambling

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. 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. Has the gambling hub of the east finally run out of good news? In a tough market, casino operator SJM prices Hong Kong’s third largest IPO this year, while sportswear company XDLong is forced to cancel its listing plans. The deal comes as the company breaks ground for its Singapore casino resort, sending the share price sharply higher. Desire to see bonds convert prompts Resorts World to use rare negative yield structure. Exporters look to export credit agencies (ECA) to underwrite the risk of default of payment from their counterparties. Which countries in Asia are most at risk? Jenny Plei, ...