Melco PBL, Casino Venture, Raises $1.14 Billion in Share Sale
Dec. 19 (Bloomberg) — Melco PBL Entertainment (Macau) Ltd., the gambling venture between James Packer’s Publishing & Broadcasting Ltd. and a company run by billionaire Stanley Ho’s son, raised $1.14 billion in a new-share sale to fund hotel construction and the purchase of a casino license.
Related Gambling News:
- Melco Set to Open Its 1st Macau Casino
- UPDATE: Melco, PBL Withdraw Bid For Singapore Casino
- Melco, PBL Buy New Plot in Macau
- Moves into Macao casino
- Packer, Melco Plan $1 Bln Macau Casino IPO, People Familiar Say
- Melco plans to challenge denial of Macau gambling listing
- 2nd UPDATE: Melco, PBL Withdraw Bid For Singapore Casino
- Regulators give the nod to PBL’s Asia casinos
- PBL, Melco withdraw bid for Singapore casino
- Publishing & Broadcasting, Melco Withdraw Casino Bid
- Melco, Publishing & Broadcasting Withdraw Casino Bid
- Earnings gain at Melco with sale of casino stake
Do you know that:
- Gambling is defined by the Webster's New World Dictionary as the following: to play games of chance for money or some other stake, or to take a risk in order to gain some advantage.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- During the 1950s, the Senate Committee to Investigate Organized Crime in Interstate Commerce held a number of hearings on criminal influence in the casino industry. The committee was chaired by Senator Estes Kefauver, and the committee is also known by his name.
- In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
RSS feed
