Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

I am a 25+ year c-level executive of the casino industry in operations, marketing, international development and strategic planning. Currently, a consultant specializing in the casino space. Industry expert contributor and publisher of a subscription letter called "The House Edge". Extensive experience in marketing and development in the Asian gaming market while a senior executive at Caesars, Ballys Grand and Trump Taj Mahal.
Part of senior executive teams that valued acquisitions and mergers with companies in the casino, hotel, d entertainment rant  and restaurant space.

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

<ul>
<li>Sands China Ltd. raises US$5.4bn to refinance term loans and add to capex war chest for next Macau development cycle. </li>
<li>Coupons of three tranches run from 4.6% to 5.4% paired with the common significantly reduce volatility risk on the stock alone.</li>
<li>Gross leverage ratio comfortably rests between 2X and 3X on existing debt triggers an upgrade from Fitch Ratings.</li>
</ul>
<p>One of the more proven gospels of sound portfolio management is to own fixed income securities as a cushion against stocks in the…</p>


Sands China Ltd. raises US$5.4bn to refinance term loans and add to capex war chest for next Macau development cycle. 
Coupons of three tranches run from 4.6% to 5.4% paired with the common significantly reduce volatility risk on the stock alone.
Gross leverage ratio comfortably rests between 2X and 3X on existing debt triggers an upgrade from Fitch Ratings.

One of the more proven gospels of sound portfolio management is to own fixed income securities as a cushion against stocks in the…

New Sands China Notes: Paired with Its Stock Make for a Savvy Macau-Centric Portfolio Move