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Macau casino bonds slump on diversification push
Add BT as a preferred sourcePublished 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.
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