Tuesday, August 16, 2022


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Melco’s Studio City stake edges higher


Melco International Resorts & Entertainment’s holding in the company that owns the Studio City Resort in Macau has edged higher following a recent share transaction.

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Donaco completes entitlement offer, raises $14.4m


Donaco International said it has raised $14.4 million before costs through an entitlement offer, though investors only took up about a quarter of the available shares.

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Melco backs Studio City’s $500m placement


Melco Resorts & Entertainment said one of its units will take up all of its entitlement to shares in a $500 million private placement from Studio City International Holdings and will also buy up any remaining shares that are unsubscribed.

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Fitch: Ten-year license “biggest obstacle” to financing


Fitch Ratings has conducted a tour of Japan and offered a “special report” revising some of its previous estimates about the prospects for the Japan IR market, but it also raised a warning flag over the implications of the IR license renewal system.

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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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Navigating Indochina’s investment risk


Indochina’s casino markets continue to present robust growth, providing significant investment opportunities for operators with a strong appetite for risk, but they are also likely to need deep pockets as established capital markets are wary of these...

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Sands China launches new financing program for local SMEs


Sands China Ltd. has launched a special financing program for its local SME suppliers, in cooperation with six local banks. The new program is part

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Genting prices notes to finance Resorts World Las Vegas


Genting Bhd said its wholly owned Resorts World Las Vegas unit had priced an offering of $1 billion senior notes, which will be used to finance the re

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Pagcor privatisation “out of the question,” Lim says


The privatisation of Philippine Amusement and Gaming Corp. casinos is “out of the question,” as they are providing revenue to fund government prog

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PH Resorts Group Holdings defers share sale for IR plans


PH Resorts Group, the Udenna Group’s tourism and gaming business, unit said it has deferred plans to raise funds for two new resorts after it became

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The 13 announces further delay to building arm sale


The 13 Holdings, which is developing a super luxury resort in Macau, said it has extended the deadline again to complete the sale of its construction

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Silver Heritage secures additional bank facilities in Nepal


Australia-listed Silver Heritage Group has secured additional financing in Nepal to the tune of NPR 510 million (US$5 million). The additional banking

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Donaco refinances loan with Mega International


Australia-listed Donaco International, which operates casinos in Vietnam and Cambodia, says it has signed an accord with Mega International to refinan

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Sands China launches initiative to support local SMEs


Sands China has launched a new program to help support local small and medium-sized suppliers, which will include invitational matching sessions for b

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Saipan casino eyes 17Q1 debut despite finance delays


Imperial Pacific Holdings says its resort on the Pacific Island of Saipan will open in the first quarter of this year, despite concern over funding problems for the proposed $7 billion project. The operator, which is currently working out of a temporary...

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Universal says “significant majority” of Okada construction costs covered


Universal Entertainment said it has placed $400 million in notes, securing a “significant majority” of the construction costs for its $2.4 billion

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Imperial Pacific meets with ratings agencies on Saipan


Hong Kong-listed Imperial Pacific reportedly met with officials from ratings agencies Fitch Group, Moody’s and Standard and Poor’s last week, loca

MGM looks to Japanese banks to fund casino


MGM Resorts International (MGM) is interested in low interest rates in Japan to provide financing for a possible casino development in the country, pr

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