casino

The sale, which was priced at a 10.4% discount, comes four months after the Philippine casino operator fired its GGAM-appointed COO. Separately, a group of founders raises $75 million from the sale of shares in chain restaurant operator Tsui Wah.

The equity/CB deal comes on the back of a $411 million capital raising in January and will go towards the funding of an ultra-luxury casino and hotel project on the Cotai strip.

The Philippine casino operator fixes the price above the mid-point, while Robinsons Retail starts the bookbuilding for a $706 million offering.

The hotel and casino operator surprises by fixing the price above the bottom of the range. Meanwhile, New Century Reit has reduced its IPO by close to 60% and is now seeking to raise $87 million.

The hotel and casino operator aims to raise at least $277 million at an unchanged price range. Meanwhile, OUE Reit and Travellers International Hotel Group hold off on launching their roadshows for now.

The hotel and casino operator may return with a reduced offering this week. Meanwhile, SPH Reit and NW Hotel Investments both decide not to go ahead with their roadshows at this time.

The Macau casino operator is raising money to fund the construction of three new hotels with casinos on Fishermans’s Wharf that will come on stream over the next three years.

This allows the company to raise $337 million towards the casino project it is developing together with the SM Group.

Melco Crown (Philippines) will start accepting orders today with sources saying anchor demand is already exceeding the total deal size.