Tag Archives: Fitch Rating Service
- Genting Singapore Samurai bonds now up for grabs
October 11, 2017
Casino operator Genting Singapore PLC has issued Samurai bonds as it prepares for the looming casino license showdown in Japan. Reuters reported that Genting Singapore will issue yen-denominated bonds in three tranches. The company set the pricing of the bonds on a three-year fixed tranche at yen offer-side swaps plus...
- Fitch paints a rosy picture of Macau 2017 GDP growth
February 28, 2017
Improved gaming revenues from newly opened casinos will propel Macau’s 2017 gross domestic product by 2.5 percent. This was the prediction of international credit debt watcher Fitch Ratings Inc. as it affirmed Macau’s AA- rating, with a stable outlook. It said that the new casino openings will bolster Macau’s gaming...
- Macau “poised for a long recovery” – Fitch
December 5, 2016
International credit debt watcher Fitch Ratings Inc. predicts a long recovery for Macau after finally hitting rock bottom. Fitch Ratings made the forecast after Macau announces that its gross gaming revenue in November picked up at MOP18.79 billion (US$2.35) billion or 14.4 percent higher compared to the same period last...
- Crown detainment highlights Chinese VIP biz risk, says Fitch
October 27, 2016
Chinese VIP business remains to be a risky venture for global operators as high roller gambling by Chinese nationals outside of China continues to be on the top of mind for Chinese authorities. This was the assessment made by international credit debt watcher Fitch Ratings in light of the detainment...
- WMS, ACEP get prelim okay on Nevada online poker; Fitch says no fed bill in 2012
September 6, 2012
The Nevada Gaming Control Board has given its stamp of approval to two more prospective online poker operators – gaming device maker WMS Gaming Inc. and Nevada brick-and-mortar casino outfit American Casino & Entertainment Properties LLC (ACEP). WMS, which launched its online subsidiary Williams Interactive in July to oversee its...
- Caesars downgraded, possible Chapter 11 or Interactive unit spinoff ahead
September 5, 2012
Embattled US casino operator Caesars Entertainment Corp. took another shot to its chin on Wednesday, as ratings agency Fitch downgraded its outlook on the stock from ‘stable’ to ‘negative.’ The move – which follows similar downgrades from other rating services in July and August – was prompted by concerns over...
Caesars, Gamblit testing skill-based games in Las Vegas
March 30, 2017
Pats owner’s casino ties expose NFL’s gambling hypocrisy
April 25, 2017