Entries tagged "Las Vegas Sands"
The Las Vegas Sands plans an initial public offering of the company's Macau casinos on the Hong Kong Stock Exchange.
Casino operators are preparing for a cold winter. Some of the biggest players in the industry expect profits to decline and are trying to play their cards right to have enough chips in their future to ride the downturn out. Take MGM Mirage, which will take in close to $775 million on its Monday agreement to sell its Treasure Island Hotel & Casino on the Las Vegas strip to real estate mogul Phil Ruffin. While MGM isn't exactly running on empty, the move is still an added bonus, giving the casino operator some extra breathing room over a $7 billion...
Gaming was the most active sector in Moody's Investors Service's August report on liquidity of speculative-grade companies, released Friday. The report reflects ratings changes and additions to Moody's liquidity watch during July, when the gaming business saw two downgrades and five newcomers to the list of companies with speculative-grade liquidity. ...
