"MGM China" OR "MGM China Holdings" Archives

MGM China Reports 85% Jump in 2021 Revenues

by Megha Malhotra | Feb 11, 2022 | China, High Yield Bonds

MGM China reported an 85% jump in its 2021 revenues to HKD 9.4bn ($1.4bn). Its adjusted EBITDA stood at HKD 390mn ($50mn), compared to a negative adjusted EBITDA of HKD 1.4bn ($179mn) in 2020. MGM Macau saw revenue up by 85% to HKD 5.2bn ($666mn) and MGM COTAI’s...

MGM Mulling Ways to Get Control of Entain’s Share of BetMGM

by Amruth Sundarkumar | Sep 23, 2021 | High Yield Bonds

MGM Resorts International is said to be mulling ways of getting control of online betting business BetMGM, which is a 50-50 JV between MGM and UK-based gaming company Entain as the latter has received a $22bn merger offer from online betting company DraftKings Inc. As...

MGM Raises $750mn via 5.8NC2.8 Bond at 4.75%, 5.7x Covered

by bondevalue | Mar 26, 2021 | China, High Yield Bonds

MGM China Holdings raised $750mn via a 5.8 non-call 2.8Y (5.8NC2.8) bond at a yield of 4.75%, 37.5bp inside initial guidance of 5.125% area. The bonds have expected ratings of Ba3/B+ and received orders over $4.3bn, 5.7x issue size. There is a change of control put...

MGM China Reports 85% Jump in 2021 Revenues

MGM Mulling Ways to Get Control of Entain’s Share of BetMGM

MGM Raises $750mn via 5.8NC2.8 Bond at 4.75%, 5.7x Covered

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MGM China Reports 85% Jump in 2021 Revenues

MGM Mulling Ways to Get Control of Entain’s Share of BetMGM

MGM Raises $750mn via 5.8NC2.8 Bond at 4.75%, 5.7x Covered

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