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MGM China Injects $594M Into Macau Unit: WSJ

MGM China Injects $594M Into Macau Unit: WSJ

美高梅中国向澳门注资5.94亿美元：华尔街日报
Benzinga Real-time News ·  2022/08/22 08:14
  • MGM China Holdings Ltd, a unit of MGM Resorts International (NYSE:MGM), is planning to invest $594 million in its Macau casino operator, the Wall Street Journal reported.
  • The move comes after MGM's decision to apply for a fresh license in Macau.
  • Macau has introduced new rules for casino operators whose licenses expire at the end of 2022.
  • One of the conditions is that companies are required to increase their capital to 5 billion patacas (~$619 million).
  • Also, while the maximum number of casino licenses will stay at six, their tenure will be cut by half to 10 years, and 15% of a company's share capital must be held by a director who is a Macau citizen.
  • The report also added that other U.S.-based casino owners, including Wynn Resorts Ltd (NASDAQ:WYNN) and Las Vegas Sands Corp (NYSE:LVS), plan to renew their licenses in Macau.
  • Casino operators in Macau were badly hit after the units were closed following the outbreak of the COVID-19 pandemic.
  • Price Action: MGM shares are trading lower by 1.81% at $34.10 in premarket on the last check Monday.
  • Photo Via Company
  • 美高梅中国控股有限公司，一个单位米高梅国际度假村据《华尔街日报》报道，(纽约证券交易所股票代码：MGM)计划向其澳门赌场运营商投资5.94亿美元。
  • 此前，美高梅决定在澳门申请新的牌照。
  • 澳门针对牌照将于2022年底到期的赌场运营商出台了新规则。
  • 其中一个条件是要求公司将资本增加到50亿澳门元(约合6.19亿美元)。
  • 此外，虽然赌场牌照的上限仍为六个，但牌照有效期将缩短一半至10年，而且一家公司15%的股本必须由澳门公民董事持有。
  • 报告还补充说，其他总部位于美国的赌场所有者，包括永利度假村有限公司(纳斯达克：永利)和拉斯维加斯金沙集团(纽约证券交易所股票代码：LVS)，计划在澳门续签牌照。
  • 新冠肺炎疫情爆发后，澳门赌场运营商关闭了多家赌场，对赌场运营商造成了沉重打击。
  • 价格行动：在周一的最后一次检查中，米高梅的股价在盘前下跌了1.81%，至34.10美元。
  • 照片通过公司
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