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Wynn Resorts to raise funds through 5.5 million stock issue
Wynn Resorts said it was raising fund for general corporate purposes through the sale to the public of 5.5 million shares, with an option for underwriters for an additional 825,000 stocks. It didn't give the offer price, but Wynn's stock is currently trading at $116.99.
Moody’s upgrades Mohegan Tribal Gaming after debt refinancing
A January debt refinancing has had a "meaningful positive impact" on Mohegan Tribal Gaming Authority's liquidity, says Moody's Investor Services, explaining why it has upgraded its Corporate Family Rating to Caa1 from Caa2 and Probability of Default Rating to Caa1-PD from Caa2-PD.
Crown says Moody’s withdraws rating for unit’s note program
Crown Resorts said that Moody's Investors Service has withdrawn its rating on a euro medium-term note program from one of its wholly owned subsidiaries.
Silver Heritage plans share issue to pay down debt
Silver Heritage said it plans to issue 53,000,795 ordinary shares at A$0.01 each to fund the retirement of debt.
Mohegan Gaming says project Inspire to open early 2023
Mohegan Gaming said its Project Inspire in South Korea is scheduled to open in early 2023 and it expects to close financing in early 2021.
Bloomberry secures US$1.5 billion in additional funding
Bloomberry Resorts said its Bloomberry Resorts and Hotels unit signed, with a syndicate of banks, an amendment to the P73.5 billion ($1.5 billion) Omnibus Loan and Security Agreement for an additional facility in the principal amount of P20 billion. The facility was oversubscribed.
Udenna ups stake in PH Resorts to 86.59%
Udenna Corp. now holds 86.59 percent of PH Resorts following the issue of new shares. Prior to the transaction, the company owned 82.28 percent. The funds will be used to help finance the development of PH Resort's flagship project, the Emerald Bay Resort.
Financing of Jeju Dream Tower completed
Lotte Tour Development has announced that its flagship Jeju Dream Tower, a KRW1.6 trillion (US$1.4 billion) project, is now completely financed.
Suncity gets two-year extension to bond maturity
Suncity Group said it has secured a two-year extension to the conversion date of outstanding convertible bonds, which are mostly held by a company controlled by Chairman Alvin Chau.
MGM Resorts upsizes notes offering to US$750 million
MGM Resorts said it has upsized a public note offering from $500 million to $750 million and will use the proceeds to refinance existing debt and for general corporate purposes.
All set for the FBM slots expansion campaign in Asia
FBM has been developing its slots offer over the last three years, with operations established in Europe and North America. The company is now accelerating its slots expansion campaign in Asia
Life After POGOs – AGB Dossier
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
Asia Gaming Briefings – Nov 2020 Edition
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.