Genting unit seeks record loan for casino
The overseas unit of Kuala Lumpur-based Genting Bhd is adding to us$ 1.4 billion raised in a rights offer in August, and us$ 307 million of convertible bonds it sold in April to partly fund the resort.
Genting International’s loan will push lending to Asia’s casino industry to about us$ 9.1 billion, more than double the total for last year, according to data compiled by Bloomberg. Lending to the region’s industry is set to grow as countries including Japan consider joining Singapore in lifting bans on casinos.
"There are quite a few countries in Asia where gambling is banned," said Harsh Agarwal, a credit analyst with Lehman Brothers Holdings .
Las Vegas Sands Corp, the world’s largest casino operator by market value, hired eight banks last month to arrange a loan of about us$ 3.4 billion for its Singapore gaming resort.
Kansas: Former Wichita Greyhound Park to reopen as Gilley’s with gaming and hospitality plans
Affinity Interactive wraps up enhancements at Las Vegas' Silver Sevens Hotel & Casino
Arizona: Casino Del Sol unveils name for new Tucson Grant Road property
DraftKings could buy back $18 billion in stock over decade, Morningstar analyst says
BMM Innovation Group to spotlight its compliance, cytbersecurity and training expertise at CGS Recife
NOVOMATIC launches unconditional cash takeover offer for Ainsworth
Pragmatic Play partners with ApuestasX to expand reach in Latin America
Latin America in focus: Why SBC Summit 2025 will be a game-changer for the region
Five startups to compete for €90,000 prize at SBC’s First Pitch competition
Former Liverpool and Leeds star Dominic Matteo to join Safe Bet Show at SBC Summit 2025
