Appetite for casino debt high, providing resort financing options

    Published in: Latest IntelligenceVolume in Asia’s debt capital markets has hit record highs in the year to date, providing an ample pool of liquidity for casino operators should they decide to raise funds through bond issues to finance multi-billion dollar projects planned for the region, analysts say.Global corporate investment grade debt capital market volume has risen to a record $975.6 billion year to date, through 2,698 deals. That’s up from $951.3 billion in the same period of 2013, according to figures from Dealogic.Of that, $287.2 billion has been raised by companies in North Asia, also a record.Casino firms are in demand from bond investors given their strong cash flows, with the CEO of Caesars Entertainment Gary Loveman saying recently that he foresaw no problem in funding a substantial portion of a potential $5 billion project in Japan through the debt markets.“Macau casino firms are in a sound...

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