MGM China Holdings said it has successfully listed its US$750 million 4.75 percent Senior Notes due 2027 on the Stock Exchange of Hong Kong and the Chongwa (Macao) Financial Asset Exchange Co.
Kenneth Feng, President, Chief Strategic & Financial Officer of MGM China said: “At the start of China’s 14th Five-Year Plan, Macau is well prepared to develop a modern financial industry under the undivided support from the Central Government. As a core member of the city’s tourism and leisure enterprises, we are pledged to support the government’s direction and contribute to the success of Macau’s financial industry.”
Two of Malaysia's opposition politicians are raising concern as to why Genting Malaysia's casino remains open at Resorts World Genting when all bars and restaurants are shut under the country's movement control order.
As we all know, the industry has been hit hard, and some countries have had more prolonged and repeated impacts than others. So, it’s been a two-stage ‘recovery’ with Macau now leading the way, and other countries seemingly recovering and then going backwards into lockdown again. We are very hopeful for our customers that we will see a stronger bounce back on reopening as we have seen in other countries, such as Australia and in the USA.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.