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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...