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.
Casinos to remain shut in Goa WednesdaySeptember 8th, 2009 PANAJI - Offshore and onshore casinos in Goa will shut down Wednesday in protest against the state government's decision to sharply hike the entry fee from Rs.200 to Rs.2,000 per person. "The steep hike is throttling business," Casino Association of Goa (CAG) spokesperson Narinder Punj told reporters Tuesday.
MTR Gaming posts small profit, says layoffs, other cutbacks helped improve 2nd-qtr resultsAugust 13th, 2009 MTR Gaming posts small second-quarter profitCHESTER, W.Va. — Casino operator MTR Gaming Group Inc.
Macau casino operator Melco Crown to offer 37.5 million ADS unitsAugust 11th, 2009 Melco Crown to offer 37.5 million ADSNEW YORK — Macau casino operator Melco Crown Entertainment Ltd. said Tuesday it is going ahead with a public offering of 37.5 million American Depositary Shares, each of which represents three ordinary shares.
Boyd Gaming 2nd-quarter profit drops as revenue falls while gamblers tighten spendingAugust 5th, 2009 Boyd Gaming 2Q profit falls as revenue declinesLAS VEGAS — Casino operator Boyd Gaming Corp. said Wednesday that its second-quarter profit dropped 41 percent as the recession prompted gamblers to curtail their spending.
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.
NJ could force sale of half Borgata because of co-owner's ties to Chinese casino bossJuly 31st, 2009 NJ may force sale of half Borgata over Chinese tieATLANTIC CITY, N.J. — One of the co-owners of Atlantic City's top casino could be forced to sell its 50 percent stake as a result of concerns by New Jersey officials over alleged organized crime ties of its partner in a Chinese casino venture.
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.
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.
MGM Mirage to challenge regulator's 'unsuitable' tag for casino partner Pansy HoJune 3rd, 2009 MGM to challenge report Ho 'unsuitable' partnerMACAU — A top MGM Mirage executive said Wednesday the gambling giant would challenge a recent U.S. regulatory report calling Pansy Ho, daughter of a famous Macau kingpin, an "unsuitable" business partner for its casino in the Chinese city.
MGM Mirage opposes regulator's 'unsuitable' tag for casino partner Pansy HoJune 3rd, 2009 MGM Mirage opposes report Ho 'unsuitable' partnerMACAU — A top MGM Mirage executive said Wednesday the gambling giant would challenge a recent U.S. regulatory report calling Pansy Ho, daughter of a famous Macau kingpin, an "unsuitable" business partner for its casino in the Chinese city.
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.
Casino co. Las Vegas Sands refuses to comment on report it is selling Macau propertyApril 27th, 2009 Sands declines commment on report about Macau saleLAS VEGAS — Casino company Las Vegas Sands Corp. is declining comment on a Hong Kong newspaper report that it could sell the first foreign-owned casino in the Chinese island of Macau under a lease-back arrangement worth $1.3 billion.
Macau casino operator Galaxy posts $1.5 bln loss for 2008 on gaming license write-downApril 24th, 2009 Macau casino operator Galaxy posts $1.5 bln lossMACAU — Macau casino operator Galaxy Entertainment said losses ballooned in 2008 after writing down the value of its gaming license and warned of a further delay to the opening of a massive hotel-resort project if the economy worsens. Galaxy Entertainment Group Ltd.
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