Macau’s Incumbent Casino Operators Face Uncertainty After Bid from Genting Chairman
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...
Dollar Bonds of Macau Casino Operators Tick Higher as Ferry Services Reopen
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...
Macau Casino Operators’ Bonds Drop
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...
