Tag: macau

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. 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 $258 million HK dollar-denominated transaction comes at a time of strong focus on Macau's casino industry and attracts more than 100 investors. 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. The CB attracts good demand as Shun Tak's exposure to Hong Kong and Macau property gives it a bit of scarcity value. Gaming company Melco Crown Entertainment raises money to speed up repayments for its flagship Macau project City of Dreams. Indian superstar Amitabh Bachchan visits Macau to announce that the Indian film industry's leading global awards will be held at The Venetian this year. Stanley Ho adds another property to his Macau portfolio. Has the gambling hub of the east finally run out of good news? 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 Hong Kong construction firm takes the chance to sell shares while infrastructure developments in Hong Kong and Macau move full steam ahead. The downsized $257 million placement is sold at the floor price of HK$0.13. The $385 million placement will almost triple the casino operator's outstanding market cap as the company enters the junket business. Consumers will be able to pay their bills at 7-Eleven outlets in Macau. Shun Tak Holdings prices its $220 million placement at a 3.6% discount, while Xinyi Glass has to offer a 9% discount to get its $231 million offer out the door. Galaxy Entertainment's CFO, Nigel Morrison, discusses the flagship StarWorld property and the company's strategy for capitalising on Macau's booming gaming market. A week after The Venetian opens, specialists express their views on who will win and who will lose in the competitive Macau gaming market. The Chinese bank pays $590 million to acquire an 80% interest in Seng Heng Bank from Stanley Ho and CEO Patrick Huen. Morgan Stanley strategist Rob Hart is cautious about Macau gaming stocks.