Report: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclaveSeptember 20th, 2009 Report: Wynn boosts size of IPO for Macau assetsNEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.
Reports: Wynn raises size of Macau assets IPO to $1.63 billion; investors eye gambling enclaveSeptember 20th, 2009 Reports: Wynn boosts size of IPO for Macau assetsNEW YORK — Casino operator Wynn Resorts Ltd. will increase the size of its Hong Kong initial public offering for its Macau casino assets, as it looks to raise up to HK$12.6 billion ($1.63 billion), according to published reports.
Las Vegas Sands plans to raise up to $600 million in proceeds from exchangeable bonds saleSeptember 2nd, 2009 Las Vegas Sands plans exchangeable bonds saleLAS VEGAS — Las Vegas Sands Corp. said Wednesday that it plans to raise up to $600 million in proceeds from an exchangeable bonds sale, as the casino operator looks to boost its liquidity.
Analyst lifts Las Vegas Sands price target after company amends credit agreementAugust 14th, 2009 Analyst increases Las Vegas Sands price targetNEW YORK — An analyst boosted Las Vegas Sands Corp.'s price target Friday after the casino operator reworked a credit agreement so that it could potentially sell a minority stake in its Macau operations to raise cash. Thursday, the Sheldon Adelson-led Las Vegas Sands said the amended Macau facility would improve its financial flexibility.
Sands reworks credit line to allow sale of interest in Macau operations, add liquidityAugust 13th, 2009 Sands reworks credit deal to allow Macau saleLAS VEGAS — Casino operator Las Vegas Sands Corp. says it has reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash.
Casinos cos. with Macau properties rise on monthly gaming revenue results, City of DreamsAugust 3rd, 2009 Sector Snap: Casino operators in MacauNEW YORK — Shares of casino operators with properties in Macau climbed Monday as July gaming revenue edged up in the Chinese enclave and Melco Crown Entertainment Ltd.'s new casino reported promising monthly results. The latest statistics indicate that Macau gaming revenue rose 3.1 percent in July, a marked improvement from June's 17 percent decline, JPMorgan's Joseph Greff said in a client note.
Las Vegas Sands Corp. declares quarterly dividend of $2.50 per share of preferred stockAugust 1st, 2009 Las Vegas Sands declares quarterly dividendLAS VEGAS — Casino operator Las Vegas Sands Corp. says it plans to pay a quarterly dividend of $2.50 for each share of its preferred stock.
Casino operator Wynn Resorts' net income falls in 2nd qtr but tops analyst expectationsJuly 30th, 2009 Wynn Resorts' 2Q profit falls but beats estimatesLAS VEGAS — Casino operator Wynn Resorts Ltd. said Thursday its second-quarter net income fell 91 percent, hurt by lower gambling revenue and the continuing costs of opening the Encore at Wynn Las Vegas casino, but the profit topped forecasts.
Las Vegas Sands to post second-quarter earnings after market closes ThursdayJuly 28th, 2009 Earnings Preview: Las Vegas Sands Corp.LAS VEGAS — Las Vegas Sands Corp. is to report its second-quarter financial results after the market closes Thursday.
Adelson says Sands may raise $3.5-$4 billion from Macau IPO, selling noncore assetsJuly 8th, 2009 Adelson says Sands considering Macau IPOSINGAPORE — Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.
Casino operators with Macau properties mixed on disappointing June gaming revenue resultsJuly 1st, 2009 Sector Snap: Casinos mixed on June Macau resultsNEW YORK — Shares of casino operators with Macau properties were mixed Wednesday on disappointing monthly gaming revenue results. June gaming revenue fell 17 percent compared with a year ago, according to media reports.
Wynn Resorts moves to 1st-quarter loss on declining revenue at its Macau resortMay 5th, 2009 Wynn Resorts posts 1Q loss on weakness in MacauLAS VEGAS — Casino operator Wynn Resorts Ltd. said Tuesday that it lost money in its first quarter partly because revenue and occupancy dropped at its Macau resort, and its adjusted earnings fell well short of analyst estimates.
Las Vegas Sands books wider 1st-qtr loss as expenses rise, revenue stays flatMay 5th, 2009 Las Vegas Sands reports wider 1Q lossNEW YORK — Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened year-over-year as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.
Casino co. Las Vegas Sands refuses to comment on report it is selling Macau propertyApril 27th, 2009 Sands declines comment on report about Macau saleLAS VEGAS — Casino company Las Vegas Sands Corp. declined to comment Monday on a Hong Kong newspaper's report that Sands might sell the first foreign-owned casino in the Chinese island of Macau under a leaseback arrangement worth $1.3 billion.
Casino companies Wynn Resorts, Las Vegas Sands get breathing room with debt amendmentsApril 21st, 2009 Wynn, Las Vegas Sands amend debt agreementsLAS VEGAS — Casino companies Wynn Resorts Ltd. and Las Vegas Sands Corp.
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