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 | Oct 26, 2022 | High Yield Bonds
Dollar bonds of Macau’s casino operators trended lower with reports noting that Xi Jinping winning his third term as leader of China’s Communist Party may put further pressure on casino operators. Pitchbook news notes that Xi appointed the architect of the...
by Amruth Sundarkumar | Sep 14, 2022 | China, Corporates
Bonds of Macau’s casino operators are trending upwards led by Melco Resorts, Wynn Macau and Sands China. The jump in prices followed an announcement by the local government to reopen passenger ferry services between the island and mainland China from Wednesday, as per...
by Amruth Sundarkumar | Jun 28, 2022 | China, High Yield Bonds
Macau casino operators’ bonds were trending lower last week as investors were selling off their bonds, following Sands China’s downgrade to a fallen angel and a new outbreak of Covid cases, as reported by IFR. IFR notes that coupled with mainland China’s border...
