..

MGM China IPO Price at $3.6 Billion

Written by:
Aaron Goldstein
Published on:
May/17/2011
MGM China

MGM China is looking to raise between HK$9.4 billion and HK$11.7 billion (or $1.2 billion to $1.5 billion) in an initial public offering.  Shares were coming in at a reduced price compared to other Macau properties.

Gambling revenues in Macau have increased by 43 percent in the first four months of this year, compared to a year earlier.  The number of visitors arriving from mainland China rose 10.3 percent during the first quarter.

MGM China was set up as a 50-50 joint venture between Las Vegas-based MGM Resorts International and Pansy Ho, daughter of long time Macau gambling mogul Stanley Ho.  In the past month, however, MGM has taken control of the company with ownership at 51 percent. 

- Aaron Goldstein, Gambling911.com

 	 10 Day Free Trial from TollFreeForwarding

Business/Financial News

BTC Trend Targets $15K, Hovers Around $12K

The price of Bitcoin was hovering around the $12K mark Monday evening. 

New York Regulator Fast-Tracks 10 Cryptocurrencies

New York Regulator Fast-Tracks 10 Cryptocurrencies

The New York State Department of financial services (DFS), the Bitlicense regulator, has published a Greenlist comprising 10 cryptocurrencies for custody and eight cryptocurrencies for listing. “Any licensed entity may use coins on the Greenlist for their approved purpose(s),” the regulator explained.

Florida Teen Arrested as Mastermind of Twitter Bitcoin Scam

Florida Teen Arrested as Mastermind of Twitter Bitcoin Scam

In one of the most high-profile security breaches in recent years, bogus tweets were sent out on July 15 from the accounts of Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. Celebrities Kanye West and his wife, Kim Kardashian West, were also hacked. 

Bitcoin Continues to Surge Past 11K, Bitcoin Cash Up 13.8 Percent

Bitcoin Continues to Surge Past 11K, Bitcoin Cash Up 13.8 Percent

Bitcoin once again was trading above the 11K mark Tuesday as the digital currency continues to surge.

Bitcoin Back Up Above $10K Sunday

Bitcoin Back Up Above $10K Sunday

After several weeks of trading in narrow ranges, bitcoin breached $10,000 on Sunday for the first time since early June.

Syndicate