Arab Today, arab today casino operator melco eyes \600 mn hong kong float\
Last Updated : GMT 06:10:29
Arab Today, arab today
Arab Today, arab today

Casino operator Melco eyes \'$600 mn Hong Kong float\'

Arab Today, arab today

Arab Today, arab today Casino operator Melco eyes \'$600 mn Hong Kong float\'

Hong Kong - AFP

Macau casino operator Melco Crown Entertainment plans to raise up to $600 million in a Hong Kong share sale later this year, a report said, as operators continue to bet on the Asian gaming hub. Melco, a joint venture between Lawrence Ho, son of gaming mogul Stanley Ho, and Australian entertainment tycoon James Packer, would launch its offering in the fourth quarter, Dow Jones Newswires reported, citing an unnamed source. The casino operator, already listed on the Nasdaq stock exchange, plans to raise between $400 million and $600 million in the southern Chinese financial hub, Dow Jones said. Melco Crown said Thursday it had applied for a Hong Kong listing, but did not say how much it planned to raise or when the flotation would go ahead. In June, the firm said it would pay $360 million for a controlling stake in a new gaming resort call Macau Studio City, its second in the gaming hub. Melco said it will spend $1.7 billion developing the 2,000-room resort, with construction starting as early as next year to meet a 2015 completion target. Its listing plans come after MGM China Holdings, a casino firm jointly owned by US-based MGM Resorts International and Stanley Ho\'s daughter Pansy, listed in Hong Kong in June after raising about $1.5 billion. US rivals Las Vegas Sands and Wynn Resorts have also listed their Macau units in nearby Hong Kong. Macau, the world\'s biggest gaming hub and the only place in China where casinos are legal, drew $23.5 billion in gaming revenue last year, outpacing the Las Vegas Strip four-fold.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today casino operator melco eyes \600 mn hong kong float\ Arab Today, arab today casino operator melco eyes \600 mn hong kong float\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today casino operator melco eyes \600 mn hong kong float\ Arab Today, arab today casino operator melco eyes \600 mn hong kong float\

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday