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MGM China Injects $594M Into Macau Unit: WSJ

MGM China Injects $594M Into Macau Unit: WSJ

美高梅中國向澳門注資5.94億美元：華爾街日報
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
  • 美高梅中國控股有限公司，一個單位米高梅國際度假村據《華爾街日報》報道，(紐約證券交易所股票代碼：MGM)計劃向其澳門賭場運營商投資5.94億美元。
  • 此前，美高梅決定在澳門申請新的牌照。
  • 澳門針對牌照將於2022年底到期的賭場運營商出臺了新規則。
  • 其中一個條件是要求公司將資本增加到50億澳門元(約合6.19億美元)。
  • 此外，雖然賭場牌照的上限仍為六個，但牌照有效期將縮短一半至10年，而且一家公司15%的股本必須由澳門公民董事持有。
  • 報告還補充説，其他總部位於美國的賭場所有者，包括永利度假村有限公司(納斯達克：永利)和拉斯維加斯金沙集團(紐約證券交易所股票代碼：LVS)，計劃在澳門續簽牌照。
  • 新冠肺炎疫情爆發後，澳門賭場運營商關閉了多家賭場，對賭場運營商造成了沉重打擊。
  • 價格行動：在週一的最後一次檢查中，米高梅的股價在盤前下跌了1.81%，至34.10美元。
  • 照片通過公司
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