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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.
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,...
IPI sues bad-debt high roller
A Chinese high-roller who has failed to pay back $5 million he borrowed from Imperial Pacific International is being sued by the company in...
Crown pulls out of Las Vegas, looks to reduce debt
Australian casino operator Crown Resorts on Thursday said it has signed a number of agreements aimed at reducing its debt, including selling its interest...
Crown uses share proceeds to reduce debt
Australia-listed Crown Resorts says it intends to initially use the proceeds of its A$1.34 billion (US$987 million) share sale to reduce net debt.
The casino...
Neptune Group swings to profit in 16H2
Neptune Group Ltd. recorded a profit of HK$25.9 million (US$3.3 million) in the second half of 2016, compared to a net loss of HK$257...
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.
Australian market report: How to adapt to the new normal
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...
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.
Attracting players, not fraudsters
With sports betting restarting we are now seeing traffic levels return to pre-COVID levels. The same is unfortunately true for fraudulent activities as operators tempt players, both new and existing, with lucrative bonuses and attractive game offerings.
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.
Asia Gaming Briefings – Oct 2020 Edition
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.