Las Vegas Sands Corporation (LVS)

The financing is being syndicated to the broader market, and pays an interest income of around 120 basis points a year. The borrowing will be split into three tranches.

The loan will be used to refinance an existing $4 billion seven-year borrowing from August 2019. The proceeds will also help fund the proposed expansion of the company’s integrated resort.

UOBKH has a “buy” call on Genting Singapore, while Citi has a “buy” on Las Vegas Sands.

Genting Singapore's FY2022 net profit was up 85%. It is expected to report its 1QFY2023 figures in mid-May.

MBS is reinvesting US$1 bil to transform its IR, while it waits out the pandemic.

An internal investigation by the casino showed that the transactions sparking the Wang lawsuit weren’t isolated cases.

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the US Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

SINGAPORE (April 9): UOB Kay Hian is maintaining its “buy” call on Koufu Group with an unchanged target price of 95 cents while highlighting Koufu as a potential beneficiary from the upcoming expansion of Marina Bay Sands (MBS), where the group operat