..

MGM China IPO at HK$15.34 per Share

Written by:
Aaron Goldstein
Published on:
May/26/2011
MGM China IPO

It’s one of the hottest gambling markets out there and MGM China is smack in the middle.  The Macau venture between MGM Resorts International and the daughter of aging casino mogul Stanley Ho, Pansy Ho, priced its initial public offering (IPO) at HK$15.34.

The company sold 760 million shares, raising HK$11.66 billion ($1.5 billion), according to one of the sources. The company had previously set an indicative range for the IPO of HK$12.36 to $HK$15.34 a share.

Ho stands to become one of Asia’s top billionaires should the IPO go through as planned.

Casino revenue in Macau shows little sign of dying down.  In April, revenues were up 44.6 percent to $2.56 billion.  The market is set to double in size between 2013 and 2015 to $50 billion. 

- Aaron Goldstein, Gambling911.com

eToro

Business/Financial News

What is the Ideal Block Size and Fee Cost?

What is the Ideal Block Size and Fee Cost?

Markets are better at deciding what block sizes and fee costs should be.  Leave it up to the miners and users, not development committees.

Rest in Peace Bitcoin?  Not Quite

Rest in Peace Bitcoin? Not Quite

Bitcoin ain't dead yet, nowhere near. Bitcoin is currently sitting at a $115 Billion market cap with each Bitcoin currently being worth $6,728.33.  The last time we saw a price point similar to this level was in early February, just 4 months ago. During that same month Bitcoin bounced back to over $11,000.

Inside the Cryptocurrency Revolution

Inside the Cryptocurrency Revolution

Vice News on HBO is set to premier a segment on the "Cryptocurrency Revolution", more specifically detailing Genesis Mining. 

Bitcoin Blockchain Acceptance Updates

Use of cryptocurrencies can be done anonymously.  Companies like JazzSports are leading the way by promoting anonymous accounts that only require a valid email account.  Payments are through a virtual wallet using the blockchain.  This means it no longer matters where the actual customer physically resides.

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

Bitcoin Purported Founder Craig Wright Says His BTC Fortune May Remain Locked

The man who claims to have invented Bitcoin and was ordered by a judge to surrender approximately $3 billion of his Bitcoin holdings says he can't, at least not any time soon.

Syndicate