Melco seals deal to build second Cotai casino

The Macau casino operator withstands a period of sharp volatility in the global bond markets to sell a $1.2 billion bond.

The US investment firm’s new office will be led by Peter Rosenbloom, managing director and head of Asia Pacific, as HPC expands its private markets presence in the region.

Kyoung-Ho Kim, Citi's Korean head of corporate banking, is taking on the role.

Anthony Yap will head up leveraged finance for Australia and New Zealand, while Maria Chua is joining the Southeast Asia team.

Simultaneously paying dividends while funding new investments into tourism and leisure is placing considerable strain on casino balance sheets in Macau – a bet many of them seem willing to take.

Mass-market consumers and non-gaming investments will become prominent features for Macau casino operators and other investors as the city shifts away from its Las Vegas image, despite the recovery in gaming revenue.