Asia Gaming Brief, Hong Kong-listed Melco Resorts and Entertainment Limited, known as Melco Crown Entertainment Limited until its name change in early April, is responsible for a 60% stake in Studio City International Holdings Limited and the rest is held by its local partner, New Kotai Holdings.
According to the Asia Gaming Brief, Studio City International Holdings Limited operates a Hollywood-themed Studio City Macao integrated casino resort that was opened near Cotai Street in Macau for approximately $2 billion.
An advisory note from brokerage Sandford C Bernstein Limited cited by Asia Gaming Brief reportedly explained that no documents have yet been made public as they were secretly submitted to the U.S. Securities and Exchange Commission regarding the move.
Sanford C Bernstein Limited reportedly speculated that the move could be a way for New Kotai Holdings to divest its stake in Studio City International Holdings Limited while providing both parties with a way to "measure their valuation and interest."
A note from Sandford C Bernstein Limited said: "If the IPO is successful, it does not mean much from the perspective of [Melco Resorts and Entertainment Limited] at this stage. It's even more complicated for [Melco Resorts and Entertainment Limited], which is already a complex company by Macao standards." 슬롯사이트 추천
Sandford C Bernstein Limited has reportedly declared that Melco Resorts & Entertainment Limited may be ready to purchase all shares of Studio City International Holdings Limited' New Cotai Holdings. However, Studio City Macao's "current performance and structure" reportedly stated that such a deal would be carried out at a "significant discount" on its own valuation of the company.
A note from Sandford C Bernstein Limited says [Holdings] is finally selling at any price and [Melco Resorts and Entertainment Limited] isn't offering anything attractive, so try this."