The Macau Metro Monitor, September 2, 2011
GALAXY HOLDS ON TO SECOND SPOT Macau Business
According to preliminary information compiled by Macau Business, here are the August GGR share numbers—SJM: 27%, GALAXY: 20%, MPEL: just less than 15%, LVS: above 14%, WYNN: 13%, and MGM: 11%.
PERMIRA SELLS STAKE IN GALAXY Macau Business
Private equity firm Permira has raised HK$4.78 BN (US$613 MM) by selling 6.5% of its stake in GALAXY at a price of HK$17.70 per share. The deal reduced Permira’s stake in the company to 12.8% from 19.3%.
“We are confident of further appreciation in the value of the company and the investment. As such, the Permira funds currently have no immediate plan to dispose of further shares in the company and intend to continue to hold the remaining shares as long-term investment,” Permira said.