Tag: gaming

Macro & Markets

Macau's growth prospects look bright for the foreseeable future, says CLSA's head of consumer and gaming research, Aaron Fischer.

By Ivan Zhang | 28 September 2011

M&A

Melco seals deal to build second Cotai casino

Melco Crown takes a controlling stake in the developer of the Macau Studio City project for $360 million.

By Lara Wozniak | 17 June 2011

Equities

MGM China raises $1.5 billion ahead of Hong Kong listing

Macau's smallest casino operator prices its offering at the top of the range, while Nobao calls off its second US IPO attempt and Kazakhmys decides not to issue any new shares ...

By Anette Jönsson | 30 May 2011

Equities

MGM China sets IPO price range at discount to Macau rivals

MGM China kicks off its institutional bookbuilding with the aim of raising up to $1.5 billion. At the same time, greenfield mining company Resourcehouse launches its IPO of up ...

By Anette Jönsson | 18 May 2011

Debt

Melco Crown sells $600 million of high-yield bonds

The Macau casino operator taps into a gaming-focused investor base in the US to sell $600 million of eight-year bonds with a 10.25% coupon, despite the volatility in global ...

By Mei Tuicolo | 14 May 2010

Equities

Investors bet on Wynn Macau IPO as a winner

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.

By Anette Jönsson | 22 September 2009

View Point

Macau's losing streak

Has the gambling hub of the east finally run out of good news?

By Daniel Inman | 24 October 2008

Equities

A-Max secures funds for Macau gaming move

The downsized $257 million placement is sold at the floor price of HK$0.13.

By Anette Jönsson | 5 December 2007

Equities

Deals falter as investors show prejudice

Xiashun cancels its IPO, while casino operator A-Max relaunches its placement after cutting the size by one-third.

By Anette Jönsson | 4 December 2007

Equities

A-Max deal could transform VIP gambling in Macau

The $385 million placement will almost triple the casino operator's outstanding market cap as the company enters the junket business.

By Anette Jönsson | 16 November 2007

Equities

Galaxy placement prices at 4.7% discount

The $165 million placement attracts $1.6 billion of demand following Permira's 20% investment in the Macau casino operator, but the deal is priced below the mid-point.

By Anette Jönsson | 15 October 2007

M&A

Private equity firm buys 20% stake in Galaxy

The $840 million deal marks Permira's first direct investment in non-Japan Asia, but more are likely to follow as the firm plans to open an office in Hong Kong.

By Anette Jönsson | 12 October 2007

View Point

Playing the odds in Macau

Galaxy Entertainment's CFO, Nigel Morrison, discusses the flagship StarWorld property and the company's strategy for capitalising on Macau's booming gaming market.

By Howard Winn | 28 September 2007

View Point

New casinos boost property prices but undermine table revenues

Morgan Stanley strategist Rob Hart is cautious about Macau gaming stocks.

By Anette Jönsson | 27 April 2007

Equities

Genting raises $572 million from CB and placement

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.

By Anette Jönsson | 12 December 2006

Equities

Galaxy raises $240 million from privately placed CB

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.

By Anette Jönsson | 8 December 2006

Equities

Three Hong Kong IPOs raise a combined $1.4 billion

Overwhelming demand allows top-end pricing for Kingboard Laminates, China Communications Services and Zhaojin Gold Mining. Several more IPOs due in the coming two weeks.

By Anette Jönsson | 4 December 2006

M&A

ACCC vetoes Tabcorp’s merger with Unitab

The Australian competition watchdog rules against the A$2.1 billion deal due to structural concerns.

By Cherie Marriott | 17 August 2006

Equities

Berjaya Land brings rare equity-linked deal

The highly structured bonds are exchangeable into lottery operator Berjaya Sports and will solve the issue of an intra-group loan that has been a drag on the share price of ...

By Anette Jönsson | 9 August 2006

M&A

ACCC uneasy over A$2.1 billion gaming merger

The competition regulator asks Tabcorp for undertakings relating to bet pooling before its bid for Unitab can proceed.

By Cherie Marriott | 3 August 2006

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