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 | Nov 15, 2022 | High Yield Bonds, Southeast Asia
Dollar bonds of Macau casino operators jumped over 4-8 points after the Macau government reportedly agreed to proposals that would see casino operators invest a combined MOP 100bn ($12.5bn) in the city over the next decade. Seven companies are currently vying for six...
by Amruth Sundarkumar | Nov 3, 2022 | High Yield Bonds, Southeast Asia
Dollar bonds of Wynn Macau were up 4-7% after it was reported that billionaire Tilman Fertitta acquired a 6.1% stake in the company, making him the second largest individual investor. As per Bloomberg, Fertitta is known to have a deep understanding of the gambling and...
by Amruth Sundarkumar | Sep 27, 2022 | China, Corporates, Hong Kong
Dollar bonds of Macau’s casino operators like Melco, Wynn Macau and MGM saw a jump of 2-4 points yesterday as the city’s leader Ho Iat Seng said that China would resume an e-visa scheme for mainland travelers and permit group tours. The city will be open...
