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...
by Amruth Sundarkumar | Aug 22, 2022 | China, Corporates
Casino operator MGM China Holdings, the Chinese arm of US-based MGM Resort International will inject MOP 4.8bn ($594mn) into its Macau unit MGM Grande Paradise to re-tender for a license to operate its gaming business. As per the new gaming laws in Macau, a casino...
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...
