Jul 11, 2019 Newsdesk Latest News, Macau, Top of the deck  
Melco Resorts Finance Ltd says it has priced at 100 percent its international offering of US$600 million worth of 5.625 percent senior notes due 2027.
The company issued on Wednesday a written statement saying it will use the net proceeds of the offering to repay part of the sum borrowed in 2015 by a subsidiary, Melco Resorts (Macau) Ltd, under a revolving credit facility.
Melco Resorts Finance is an arm of Melco Resorts and Entertainment Ltd, a Nasdaq-listed operator of casinos.
Melco Resorts (Macau) holds the Melco Resorts and Entertainment’s company gaming sub-concession in Macau.
Melco Resorts and Entertainment has been expanding its investments in recent months. The company announced in May that it was paying US$1.2 billion to acquire a 19.99-percent stake in Australian gaming operator Crown Resorts Ltd.
In a press briefing in early June, Melco Resorts and Entertainment’s chairman and chief executive Lawrence Ho Yau Lung said that the company would still have a “manageable” leverage ratio following the Crown Resorts deal.
Melco Resorts and Entertainment said in late June it was acquiring all of its parent’s interest in the entity developing the City of Dreams Mediterranean casino resort in the Republic of Cyprus. Under the deal, representing a consideration value of approximately US$375 million, Melco Resorts and Entertainment will acquire the ICR Cyprus shares in exchange for 55.5 million ordinary units of its own shares.
Mar 27, 2023
Mar 22, 2023
Apr 01, 2023
Mar 31, 2023
Apr 01, 2023
Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
(Click here for more)
”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”
Casino investor LET Group
On the development of a casino hotel in Manila, the Philippine capital