0924 [Dow Jones] Looks like things moving along quickly with PBL's (PBL.AU) plans to list part of Macau gaming JV with Melco (0200.HK), person familiar with situation tells Dow Jones Newswires that two plan to raise up to US$1 billion through Nasdaq listing in December. Gaming stocks, particularly those with Macau exposure, hot property in U.S. at the moment, so likely to be quite a lot of interest in JV, Melco PBL Entertainment. Two have hired Credit Suisse, Citigroup and UBS to manage the deal. News could give another boost to PBL shares. (LMF)
PBL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
