Silver Heritage Ltd, a Hong Kong-based firm operating casinos and slot machine halls in Southeast Asia, is to hold meetings with financial institutions “next week”, seeking to raise nearly AUD30 million (US$22.3 million) via an initial public offering (IPO), reported on Monday the Australian Financial Review, citing sources it didn’t identify.
The newspaper added that a proposed sale of shares at AUD0.40 per unit sought to raise AUD27.5 million.
The outlet stated that – were the exercise successful – Silver Heritage would list with a “AUD78.6-million capitalisation in late July”. It didn’t specify the bourse, but cited terms sent to potential investors as the source of that information.
There has been speculation for some time that the firm might seek a listing on the Australian Securities Exchange.
Silver Heritage has gaming operations in Cambodia, Nepal and Vietnam.
Jan 23, 2018Fourth-quarter profit at Macau casino operator Wynn Macau Ltd was nearly triple year-on-year, to US$179.23 million, buoyed by good performance at Wynn Palace on Cotai (pictured), the company...
Jan 22, 2018
Jan 22, 2018
Dec 29, 2017It could be 2024 before a casino resort is opened in Japan,...
Dec 27, 2017The year 2017 could prove to have been a turning point in...
Oct 25, 2017The deployment of radio frequency identification (RFID)...
”We expect Goa to quickly become a US$1 billion market as it transitions to land-based casinos (from US$150 million today), which is still just a fraction of India’s total GGR potential of US$10 billion to US$17 billion”
Analyst at Union Gaming Securities Asia