Asia’s gaming industry is on a roll

More participants are tapping capital markets to finance new casinos in Asia.

Asia’s gaming industry is on a roll and attracting a wider array of investor as dominant centre Macao continues expanding and as rival locations emerge.

Because casino developments are capital-intensive and can take 2-3 years to complete, gaming companies have historically tended to attract different types of investors with different needs over different phases of a development.

They have tended to raise funds in a cycle by issuing equity first and then high-yield or convertible bonds and, finally, by getting syndicated bank loans, industry experts say.

But what’s evident from the gaming sector’s capital raising efforts in 2013 is that an even broader range...

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