Sands China Ltd. announced that its subsidiary VML US Finance LLC has entered into a new loan agreement with lenders for $1 billion due to be transacted at the end of this month.
“The Company is pleased to announce that on April 10, 2015, (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, entered into a Joinder Agreement under the Restated Credit Agreement…”
The credit spread ranges from 0.250% to 1.125% per annum for loans accruing interest at a base rate, and from 1.250% to 2.125% per annum for loans accruing interest at an adjusted Eurodollar or HIBOR rate.
“The Borrower is required to make principal payments on a quarterly basis beginning on June 30, 2018 in accordance with the provisions of the Joinder Agreement. The maturity date of the New Term Loan is March 30, 2021.”
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.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
Four workers from Mainland China threatened to jump from a building under construction as part of Galaxy Entertainment's Phase 3 & 4 expansion project due to a labour dispute. The Fire Department persuaded the workers to descend and no one was hurt in the incident.
Tomakomai Mayor Hirofumi Iwakura is stepping up his pressure on Hokkaido Governor Naomichi Suzuki to get behind the city’s desire to bid for an IR license. Iwakura has reiterated that the nine month delay in the national timeline should make a bid feasible.
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.
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.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
