Macau casino bonds slump on diversification push
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
