• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

The Macau Metro Monitor, December 1st, 2010


MGM CHINA TARGETS HK IPO FOR 1ST QUARTER 2011 AT EARLIEST - SOURCE WSJ.com

According to a source, MGM China Holdings Ltd will target its IPO for 1Q 2011 at the earliest.  During its 2Q CC, CFO Dan D'Arrigo said the company hoped to list by the end of 2010.  Sources say BNP Paribas, Bank of America-Merrill Lynch, JPMorgan Chase & Co. and Morgan Stanley are the bankers on the deal, which seeks to raise about US$500 million.

NOVEMBER GROSS GAMING REVENUE DSEC

In November, Macau’s casinos took in $17.354 MOP BN (US$2.17 BN), up 42.1% YoY.