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Macau casino bonds slump on diversification push

Published Fri, Apr 10, 2015 · 09:50 PM

Hong Kong

SLUMPING Macau gaming revenues are catching up with casino bonds, as the government seeks to diversify the entertainment on offer in the world's largest gambling hub.

The yield on Wynn Macau Ltd's US$1.35 billion 2021 notes has soared 126 basis points from last year's low in July, while that on Melco Crown Entertainment Ltd's similar-maturity securities jumped 135 basis points since July 10.

The average rate in …

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Macau casino bonds slump on diversification push

Consumer & Healthcare

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

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