by Amruth Sundarkumar | Nov 29, 2022 | High Yield Bonds, Southeast Asia
Dollar bonds of Macau casino operators jumped by over 5% yesterday after new licenses were given to the six incumbent casino operators to operate from January. This was a relief rally as GMM, backed by Genting’s Chairman Sri Lim Kok Thay missed out as uncertainty for...
by Amruth Sundarkumar | Nov 28, 2022 | Southeast Asia
Macau’s six incumbent casino operators will be given new licenses to operate from January as GMM, backed by Genting’s Chairman Sri Lim Kok Thay missed out. The license application by Genting in September was seen as a surprise to many executives and would pose...
by Amruth Sundarkumar | Sep 16, 2022 | Corporates, Hong Kong
Macau’s government opened bids from seven companies for licenses to operate casinos, including one bid from GMM, backed by Genting’s Chairman Sri Lim Kok Thay. New casino licenses are set to begin in 2023 and one among six of the incumbents namely Galaxy...
by bondevalue | Mar 4, 2021 | Investment Grade Bonds
Las Vegas Sands will sell its Las Vegas casinos for $6.25bn to focus on Asia, particularly Singapore and Macau as stated in a press release. The group is also shortening its name to Sands with the exit from Las Vegas. Macau, known to be the largest gambling centre in...
