Tag Archives: IPO
Australia – Silver Heritage plans IPO in Australia
Silver Heritage Group, the operator of the Phoenix International Club in Vietnam and The Millionaire’s Club in Kathmandu’s Shangri La Hotel is floating on Sydney’s stock exchange to raise $18.6m to help finance its Tiger Palace Resort in Nepal. Silver Heritage hopes the Initial Public Offering will take place by the end of August and…
US – Station sets up Red Rock Resorts as holding company
Nevada gaming regulators have approved plans for Station Casinos to create a holding company called Red Rock Resorts as it looks to trade on the Nasdaq. Station Casinos President Richard Haskins revealed that Red Rock Resorts would be a corporate name whilst Station Casinos, which includes 19 large and small casinos, would be the operating…
US – IPO questioned as Station celebrates ten quarters of growth
Locals operator Station Casinos posted strong results in its third quarter ended September 30, 2015, but is facing a legal challenge from a Las Vegas workers union regarding its intended Initial Public Offering. Station Casinos posted 4.5 per cent growth in net revenues and 14 per cent growth in Adjusted EBITDAM for the third quarter,…
Sweden – Evolution Gaming to launch IPO in Sweden
Evolution Gaming is to launch an initial public offering and listing of its shares on Nasdaq First North Premier on March 20 2015. Evolution Gaming develops, produces, markets and licenses fully integrated B2B live casino solutions to gambling operators. The company was established in 2006 and was one of the first providers of B2B live…
China – Troubled markets see Macau Legend half IPO value
Macau casino operator Macau Legend Development has now relaunched its Hong Kong initial public offering, at almost half of the value presented in the first IPO due to a lower than expected demand caused by unpredictable markets. The operator, which owns the Macau Fisherman’s Wharf development, is now hoping to obtain up to $360m by…
