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Results 1 - 10 of 17 for casino

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  1. Casino giant after cash to plug the gaps

    Posted Aug 01st 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick and Neil Gough Debt-laden casino operator Las Vegas Sands is trying to raise US$400 million in short-term funding to help fend off a cash crunch and potentially restart ... sale documents said. The funds are being offered such a high return because lending to the already very indebted Sands is a gamble. The casino operator owes US$10.8 billion to its banks, ...

    http://www.scmp.com/article/688494/casino-giant-after-cash-plug-gaps
  2. Las Vegas Sands seeks buyer for Macau casino

    Posted Apr 27th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick, Tim LeeMaster and Neil Gough The Sands Macao, the first foreign-owned casino in the world's largest gaming market, may soon go on the block for a bargain basement price of about US$1.3 billion. Heavily indebted owner Las Vegas Sands is exploring the sale of the casino after recent attempts to offload luxury shopping centres attached to its Venetian and Four ...

    http://www.scmp.com/article/678246/las-vegas-sands-seeks-buyer-macau-casino
  3. Fisherman's Wharf gamble pays off- for Macau developers, at least

    Posted Mar 30th 2009, 12:00am by Naomi Rovnick

    ... commonalities. Both have seen fewer visitors than originally anticipated, and both have struggled to emulate the pulling power of Macau's massive casino resorts, such as the Venetian. But one ... not include a casino. In that sense, it was a departure for both Mr Ho, the casino magnate, and Mr Chow, a longtime operator of VIP junkets and owner of the Macau Landmark hotel and Pharaoh's ...

    http://www.scmp.com/article/675210/fishermans-wharf-gamble-pays-macau-developers-least
  4. Galaxy seeking to raise US$1b for Cotai project

    Posted Nov 19th 2009, 12:00am by Naomi Rovnick

    ... Neil Gough and Naomi Rovnick Macau casino operator Galaxy Entertainment Group is attempting to raise more than US$1 billion to complete the construction of its Cotai mega resort, according ... three- hotel Cotai casino resort complex and set an opening date for the first quarter of 2011. The company raised the budget for the project about 40 per cent to HK$14.1 billion from a previous ...

    http://www.scmp.com/article/698814/galaxy-seeking-raise-us1b-cotai-project
  5. Las Vegas Sands share offer set for November

    Posted Oct 14th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick and Neil Gough Debt-laden casino operator Las Vegas Sands Corp will launch its up to US$2.5 billion Hong Kong initial public offering of its Macau business late next month ... at the Hong Kong stock exchange by the end of this month. When the casino giant, which owns the massive Venetian and Sands complexes in Macau and is led by 76-year-old gambling mogul Sheldon Adelson, ...

    http://www.scmp.com/article/695336/las-vegas-sands-share-offer-set-november
  6. Wynn turns rivalry with Sands into HK listing race

    Posted Jul 22nd 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick American casino operator Wynn Resorts has filed an application to raise US$1 billion to US$2 billion in a Hong Kong initial public offering of its Macau business. The move ... managers predict a compelling race to the finish line between the two long-time adversaries, urbane casino mogul Steve Wynn and Sands chairman Sheldon Adelson, the septuagenarian son of a Boston ...

    http://www.scmp.com/article/687525/wynn-turns-rivalry-sands-hk-listing-race
  7. Fisherman's Wharf backers pulling out

    Posted Mar 30th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick and Neil Gough Private equity and hedge funds that backed Fisherman's Wharf, the colourful Macau waterfront theme park with a casino established by Stanley Ho Hung-sun ... and gold, Egyptian-themed casino, funds including United States-based Texas Pacific Group and Och Ziff are likely to write-off half the value of loans worth about US$340 million in return for being ...

    http://www.scmp.com/article/675161/fishermans-wharf-backers-pulling-out
  8. 7 firms rush IPOs to catch stock rally

    Posted Aug 31st 2009, 12:00am by Naomi Rovnick

    ... National Pharmaceutical Group Corp (Sinopharm) are expected to raise a combined HK$21 billion in their Hong Kong share sales this week. US casino giant Wynn Resorts, which wants to sell US$1 ... final approval include Guangzhou property developer China Evergrande and casino operator Las Vegas Sands. A glut of firms selling shares on the Hong Kong exchange can signal the top of a bull ...

    http://www.scmp.com/article/691099/7-firms-rush-ipos-catch-stock-rally
  9. Potholes on China's road to riches

    Posted Sep 14th 2009, 12:00am by Naomi Rovnick

    ... casino at 25 cents in the dollar. That offer has been rejected, two sources in the investor group confirmed. This is just the latest sour development in a restructuring row that has been rumbling for almost a year. Chow originally promised his pre-initial public offering investors a 50 cents in the dollar payout by June 20, but the casino tycoon missed the deadline, despite having signed ...

    http://www.scmp.com/article/692485/potholes-chinas-road-riches
  10. Developer blames receivership for doubts over Guangzhou hotel sale

    Posted Nov 07th 2009, 12:00am by Naomi Rovnick

    ... in his Macau Legend, owner of the Fisherman's Wharf theme park and the Landmark Casino. Skyfame breached two key terms of its convertible bonds. In January, it failed to repay a HK$220 ...

    http://www.scmp.com/article/697565/developer-blames-receivership-doubts-over-guangzhou-hotel-sale

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