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Macau is no stranger to slot machines now that it is
quickly becoming the next Las Vegas. In the past couple of years, Macau’s
has gross slot machines revenue for the island has put it as a major
contender in the global gaming and gambling industry. Macau currently brings
in more slots revenue than Atlantic City and many suspect its slot machines
and gambling revenue will oust Vegas from the top slot in terms of top
locations for gaming.
Part of the success of the island can be attributed the companies and
casinos bringing in the slot machines and thus the slots players. Melco PBL
Entertainment Ltd. Is responsible for a lot of the slot machines currently
operating in Macau, and like many companies that are looking to expand and
grow, Melco is making plans with the Security and Exchange Commission (SEC)
to sell some of its American shares—to the tune of 53 million shares.
Now that Melco PBL has filed the preliminary Prospectus with the SEC, the
company is expected to sell around 14% of the company on the Nasdaq. The
symbol for Melco: MPEL—and it can be expected that the company will begin
offering the shares (priced around $17/share) within a couple of weeks.
This latest move for Melco will raise nearly $1 billion dollars—much of
which is anticipated to go toward the companies debt. In Melcos future
though, they are also planning expansions in Macau with more slot machines
and a maintaining of their current clubs.
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