Saturday, June 25, 2022


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Tabcorp secures debt waivers as part of Covid-19 response


Australian wagering giant Tabcorp announced it has secured agreement from its bank lenders for a waiver of leverage and interest cover covenants in re

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MGM China refinances debt


MGM China said the company’s lenders have agreed on a revolving credit facility of HK$9.75 billion ($1.24 billion) that will refinance existing senior secured credit facilities and will be used for working capital.

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Macau junket operators call for govt support in collecting debt, tax breaks


Representatives from the junket sector on Tuesday urged for the local government to assist the sector in collecting bad debts and reduce gaming taxes,

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Crown pulls out of Las Vegas, looks to reduce debt


Australian casino operator Crown Resorts on Thursday said it has signed a number of agreements aimed at reducing its debt, including selling its inter

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Crown uses share proceeds to reduce debt


Australia-listed Crown Resorts says it intends to initially use the proceeds of its A$1.34 billion (US$987 million) share sale to reduce net debt. The

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Neptune Group swings to profit in 16H2


Neptune Group Ltd. recorded a profit of HK$25.9 million (US$3.3 million) in the second half of 2016, compared to a net loss of HK$257 million, accordi

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Fitch assigns A- rating to GOHL debt notes


Fitch Ratings has assigned Genting Group’s GOHL Capital Ltd’s guaranteed notes a final ‘A-’ rating, local media reports. GOHL Capital Limited

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Debtor database to launch in 2017: MGIA


The junket-proposed debtor database containing the details of high-rollers that owe overdue debts is expected to launch in 2017, said Kwok Chi Chung,

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Huang Shan went voluntarily to Vietnam


Earlier this week, it was reported by media that former Macau junket boss, Mr Huang Shan, suspected of embezzling an estimated $1.3 billion of Macau c

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Authorities apprehend loan shark group


Macau authorities have busted a loan shark syndicate that has been targeting local casino workers. Ten suspects in total have been arrested, with the

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Studio City wise to buy out minority: Bernstein


Studio City’s slower than expected ramp up has caused some investor concerns on a potential breach of debt covenants, said Bernstein in a note on Mo

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Government mulls bad-debt-player blacklist


A shared blacklist of players proposed by Macau junket sector is still being considered, said Fong Man Chong, Co-ordinator of the Personal Data Protec

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Melco and Wynn exposed to debt-ridden junkets


Macau’s Melco Crown Entertainment Ltd and Wynn Resorts Ltd are most at risk of being exposed to debt-ridden gaming promoters, said Daiwa analysts, a

Crown Resorts hybrid securities tumble following privatization talk


Investors in ASX-hybrid securities issued by Crown Resorts have seen unexpected losses, largely as a result of talk James Packer is considering the pr

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Caesars Entertainment posts loss of $791 million in 15Q3


Caesars Entertainment Corp. reported a loss of $791 million in 15Q3 largely due to costs associated with the restructuring of its bankrupt subsidiary.

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Bloomberry Resorts reports a net loss of $4.1 million in 15Q3


Philippines-based casino operator Bloomberry Resorts Corp reported a net loss of PHP189.5 million ($4.1 million) in 15Q3, compared to a net profit of

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Melco lenders face crunch as tables fall short of targets


Lenders to Melco Crown’s Studio City face debt renegotiations as the company does not have enough gaming tables for the $3.2 billion project ahead o

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Caesars Entertainment unit files amended restructuring plan


Caesars Entertainment Operating Company, a subsidiary of Caesars Entertainment Corp., said its unit filed an amended restructuring plan along with a d

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Genting Malaysia brought down by GENUK; buoyed by RWG


Maybank Kim Eng said Genting Malaysia’s 15Q2 results missed estimates slightly due to bad debts at GENUK, however, Resorts World Genting operations

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