Wednesday, October 21, 2020
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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.

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 response...

Fitch sees 70% Q2 revenue drop for Okada, downgrades Universal

Fitch Ratings has downgraded Universal Entertainment’s credit rating due to the impact of the coronavirus on the gaming industry and said it expects the group’s Okada Manila property to post a 70 percent drop in Q2 revenue.

Wynn Macau sees stronger October results, issues notes

Casino operator Wynn Macau has announced it is preparing to conduct an offering of notes, which will be used to pay down amounts outstanding...
MGM Cotai

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.

MGM China issues senior notes to pay down debt

MGM China Holdings has announced the issuance of $750 million in aggregate principal amount of 5.875 percent senior notes due 2026,  as well as...

Note offer still allows MGM room for funding: Fitch

MGM China Holdings says it’s raising $1.25 billion through a private placement of senior notes to help repay outstanding funds under its credit facility.

Studio City shareholder files for bankruptcy

One of the key shareholders in the joint venture that runs Macau’s Studio City has filed for bankruptcy, although the move is unlikely to prompt majority investor, Melco Resorts & Entertainment, to launch a buyout of minorities, analysts at Bernstein Research said.

Scientific Games to offer $1.1 billion in senior unsecured notes

Gaming supplier Scientific Games has announced the pricing of $1.1 billion of senior unsecured notes. The company’s latest debt transaction will be offered to private...

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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MPL raises US$90 million in new funding

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Donaco announces reopening of Star Vegas

Donaco International said its Star Vegas property in Cambodia reopened on Friday, though on a limited basis to test operational systems.
BBIN’s charity arm focuses on health and hygiene in India

BBIN’s charity arm focuses on health and hygiene in India

BBIN’s charity arm, TGB Charity, has donated $60,000 to a project to promote understanding of health and sanitary knowledge in India.
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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.
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