by Amruth Sundarkumar | Dec 19, 2022 | High Yield Bonds, Southeast Asia
Macau’s six incumbent casino operators (MGM, Galaxy Casino, Venetian Macau, Melco Resorts, Wynn Macau and SJM) are expected to invest $14.7bn over the next decade for non-gaming projects to increase international traffic. Venetian has committed to spend MOP 27.8bn...
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 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...
