Wednesday, October 21, 2020
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MGM Resorts upsizes notes offering to US$750 million

MGM Resorts said it has upsized a public note offering from $500 million to $750 million and will use the proceeds to refinance existing debt and for general corporate purposes.

Donaco completes entitlement offer, raises $14.4m

Donaco International said it has raised $14.4 million before costs through an entitlement offer, though investors only took up about a quarter of the available shares.

MGM online unit raises $250m

Roar Digital, a U.S. sports betting and online gaming company, said its shareholders, MGM Resorts and GVC have committed to a second round of investment, bringing the total to $450 million. 

Regulator orders IPI to maintain 3 months working capital

The Commonwealth Casino Commission has adopted an order requiring Imperial Pacific to maintain enough working capital to pay three months of wages in a bank either in the Commonwealth of Northern Mariana Islands or U.S. bank, local media reports.

Genting injects $40 million into Empire Resorts

Genting Malaysia said it’s injecting $40 million of capital into its loss-making U.S. unit, Empire Resorts, through the issue of series G preferred stock.
MGM Cotai

MGM China refinances debt

MGM China said the company’s lenders have agreed on a revolving credit facility of HK$9.75 billion ($1.24 billion) that will refinance existing senior secured credit facilities and will be used for working capital.
Genting cruise ship

Genting HK agrees to sell 35 percent of Dream Cruises

Genting Hong Kong said it has agreed to sell as much as 35 percent of its Dream Cruises unit, making a gain of about $470 million to reduce debt and strengthen its balance sheet.

Suncity gets HK$1.5b loan from company owned by chairman

Suncity Group Holdings said a company owned by its chairman Alvin Chau has agreed to lend the junket operator HK$1.5 billion ($191 million) to...
Cambodia, Star Vegas

Donaco plans strategic review, debt restructuring

Australia-listed Donaco International said it’s conducting a strategic review of its businesses, including a potential restructuring of an almost $40 million debt to Mega Bank.

Genting HK finalizes NCLH stake sale

Genting Hong Kong said it has finalized the sale of its shares in Norwegian Cruise Line Holdings and no longer has a stake in the company.

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