Friday, September 30, 2022


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Regulator orders IPI to maintain 3 months working capital


The Commonwealth Casino Commission has adopted an order requiring Imperial Pacific to maintain enough working capital to pay three months of wages in a bank either in the Commonwealth of Northern Mariana Islands or U.S. bank, local media reports.

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Caesars revenue growth not enough to offset Q2 loss


The strong performance of its Caesars Entertainments’ Las Vegas properties helped to boost total revenue for the second quarter of 2019, in-line wit

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Sands China gets $2b credit line


Sands China said it entered into an accord with lenders for a $2 billion revolving credit line for general corporate purposes. The facility is avai

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SkyCity to divest non-core businesses, focus on major projects


Casino operator SkyCity Entertainment Group says it is looking to adopt a “asset-lighter” approach to improve returns and allocate capital more ef

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Melco’s finance director to resign at year’s end


Melco Resorts and Entertainment has announced the resignation of its finance director, Tam Chi Wai, effective December 31. According to a filing to th

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Financing gap spells pain for The 13: Union Gaming


Delays to the opening of Macau’s newest high-end resort, The 13, spells bad news for the operator, said Union Gaming in a note on Tuesday. The hotel

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Silver Heritage steps closer to bridging financing gap


Silver Heritage chairman David Green says the company is close to completing negotiations which would bridge the financing gap for its Nepal-located T

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Udenna sells oil business stake to raise $80m for Mactan casino


Udenna Group has sold a 25 percent stake in listed oil company Phoenix Petroleum Philippines to raise P4 billion (US$80 million) to help finance the d

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Silver Heritage says talks on capital raising continue


Australia-listed Silver Heritage Group said talks are continuing with potential investors to raise funding to finalize its integrated resort project i

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Indian capital markets regulator to look into stock gambling


Indian capital markets regulator SEBI will looking into companies offering online games and contests dealing with stocks, currencies and commodities t

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MGM China gets green light on loan covenant changes


MGM China Holdings has been given the go-ahead from banks to amend terms on a HK$23.4 billion ($3 billion) loan, Bloomberg reports, citing unnamed sou

Studio City credit accord positive, Moody’s says


The agreement to amend certain of the covenants on its $1.4 billion facility are credit positive to Studio City Finance, Moody’s Investors Service s

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Moody's revises Studio City Finance's ratings outlook to 'negative'


Moody's Investors Services has revised to ‘negative’ from ‘stable’ the outlook of Studio City Finance Limited's B2 corporate family rating and

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