28th Jan 2012 Sat
Latest Casino News
Sands Corporation’s Marina Bay Sands (MBS) was heard seeking for another round of huge investment loans from syndicated banks and investment funds. The figure is estimated to be at SGD4.5b for MBS’ refinancing.
By 2015, MBS will come to the milestone of repayment of corporate debt (at SGD5.4b).
With current market environment, growth rates for MBS and Resorts World Sentosa would be moderate. Especially the Singapore government is still not too keen about opening up junkets licensing.
The next few years for Singapore IRs' casinos would be stable income but not overwhelming
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Not so good ….. More to come..