This is rather a good in depth article by Bill Simpson about Melco PBL and the problems it is facing in Macau. I do agree with Bill that Melco PBL will be a winner, but in my opinion not until mid 2008.
Melco PBL Entertainment’s IPO was on December 14th. The IPO began trading on December 19, 2006, when 53 million ADSs, representing 159 million ordinary shares, were priced at $19, over the initial price range of $16 to $18 per ADS. The initial public offering was increased to 60 million ADSs, representing 180 million ordinary shares, due to strong demand. The text of Mr. Simpson’s original writeup follows:
Please tell me more! »
Posted in City of Dreams, Cotai Strip, Crown Macau, Design & Construction, Development, James Packer, Macau Business, Macau Casino, Macau Gaming, Macau Property, Melco Crown, Mocha Clubs 
No Comments »
Melco PBL has filed to sell 53 million shares at US$16 to $18 each in an Intial Public Offering on the Nasdaq Global Market. This means that they should based on $17 per share raise about US$835 million. The ticker symbol will be ‘MPBL’
Melco PBL has said in their filing with the U.S. Securities and Exchange Commission, that they have granted their underwriters the option to buy an additional 8 million shares to cover potential over-allotments.
Please tell me more! »
Posted in City of Dreams, Cotai Strip, Crown Macau, James Packer, Macau Business, Macau Casino, Macau News, Melco Crown, Mocha Clubs, Stanley Ho No Comments »
As Melco PBL are in the news right now, for those who are interested they have an excellent video on their corporate website.
Please tell me more! »
Posted in City of Dreams, Cotai Strip, Crown Macau, Macau Business, Macau Casino, Melco Crown, Mocha Clubs No Comments »
January 10, 2007
