Galaxy Casino Plans Debt Sale
International News Brief: Galaxy Casino, which has one of three casino licenses in Macao, is planning a $500 million bond and note offering, its first debt sale, to fund the construction of hotel casinos in the former Portuguese colony, a bank involved in the sale said.
Related Gambling News:
- Macao casino plans $500 million debt sale
- Macau Galaxy Casino Loses Market Share
- Galaxy Casino Sells $600M Bond To Finance Macau Expansion
- K. Wah Shareholders Approve Galaxy Deal
- MTR hopes to raise $125 million with note sale
- Galaxy Entertainment, new to the casino business, prospers in Macao
- MGM Mirages CEO to Dramatically Cut Debt, May Sell Casinos
- Galaxy Net Loss Widens on Casino License Writedown
- Galaxy Casino Chooses KISS Management System
- Galaxy Entertainment slumps amid visa restrictions
- Macau casino firm says plans up to $500 mln bond
- Macau casino firm Galaxy proposes bond yield -sources
Gambling casinos history:
- Bingo as we know it today is a form of lottery and is a direct descendant of Lo Giuoco del Lotto d'Italia - the Italian National Lottery organized in 1530.
- 1951: On September 4, Frank Sinatra makes his Vegas debut, performing in the Crystal Room at the Desert Inn.
1959: Wayne Newton performs in Vegas for the first time, despite the fact that he is still too young to enter a casino. - In 1978, New Jersey became the second state to legalize casino gambling in an attempt to revitalize the rundown resort area of Atlantic City. The legalization was restricted only to Atlantic City.
- Lotteries, along with their close derivative bingo, are the most popular kinds of gambling. The popularity of lottery games is not limited to state-run lotteries. Indian tribes run lotteries and illegal lotteries still exist.
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