THE MACAU METRO MONITOR, SEPTEMBER 27, 2013
PHILIPPINE CASINO OPERATOR REVIVES PLANS FOR $500MM IPO WSJ
Travellers International Hotel Group Inc. - a joint venture between Malaysia's Lim Kok Thay and Filipino businessman Andrew Tan - plan to raise up to $500 million in an IPO. Travellers plans to use its IPO proceeds to fund more casino-related developments, including the $1.1 billion Resorts World Bayshore resort.
Travellers had hoped to raise up to $1 billion before downsizing its offering, and then postponing it altogether in July citing weak markets.
WYNN MACAU SUES CHINESE TYCOON LI JUN OVER HK$14MM GAMBLING DEBT SCMP
Wynn Macau is suing Li Jun, a Chinese tycoon who owns Abest Group, for HK$14 million in gambling debts.