"Wynn Macau" Archives

Macau Casino Bonds Trade Weaker after Mogul Gets Detained

by Amruth Sundarkumar | Nov 30, 2021 | China, High Yield Bonds

Macau casino bonds were trading weaker after police arrested 11 people over alleged money-laundering and illegal cross-border gambling, with the founder of Macau’s biggest “junket operator” Suncity, Alvin Chau, among those detained. The arrest comes amidst...

Casino Operators Wynn, Studio City and Melco Downgraded by S&P

by Amruth Sundarkumar | Oct 14, 2021 | Corporates, Credit Ratings

Wynn Resorts was downgraded to B+ from BB-. S&P expects Wynn’s leverage to remain very high in 2021 and potentially improve to 6.5-7x in 2022 due to a slow recovery in gaming revenue in Macau combined with travel restrictions. Wynn heavily relies on a...

Casino Operators’ Dollar Bonds Drop on Tightened Supervision of Casinos

by Amruth Sundarkumar | Sep 16, 2021 | High Yield Bonds

Dollar bonds of Wynn Macau, Melco’s and Sands China fell dropped ~5 points, 3 points and 1 point respectively yesterday after Macau officials said they would change casino regulations to tighten restrictions on operators, including appointing government...

Macau Casino Bonds Trade Weaker after Mogul Gets Detained

Casino Operators Wynn, Studio City and Melco Downgraded by S&P

Casino Operators’ Dollar Bonds Drop on Tightened Supervision of Casinos

Recent Posts

Archives

Categories

Advanced Theory & Practice of Bonds

IBF Recognized Under FTS 1-2 December 2021

Macau Casino Bonds Trade Weaker after Mogul Gets Detained

Casino Operators Wynn, Studio City and Melco Downgraded by S&P

Casino Operators’ Dollar Bonds Drop on Tightened Supervision of Casinos

Recent Posts

Archives

Categories

IBF Recognized Under FTS
1-2 December 2021