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Bitcoin skyrockets past US$64,000, hits another all-time high
Ahead of Coinbase’s Nasdaq listing, Bitcoin surged to new highs in Asian trading hours. Ether, ADA and DOGE also reached new ATHs as altcoins soared.
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Ahead of U.S. cryptocurrency exchange Coinbase’s direct listing on Nasdaq starting today, Bitcoin (BTC) reached another all-time high of $64,787.65 during Asian trading hours earlier in the day, according to CoinGecko data.
As of publishing time, Bitcoin’s total market value now stands at US$1.2 trillion, 52% of the total cryptocurrency market of US$2.3 trillion. Bitcoin’s 24-hour trading volume was US$73 billion and its 24-hour price range was US$$62,593.30 to US$64,787.65.
Macau casino gross gaming revenue (GGR) for the first six days of April was flat compared to the prior week, despite visitor volumes increasing over the period, estimates brokerage Sanford C. Bernstein Ltd in a Wednesday memo.
The full-month GGR for April could contract in the “high 50s percent” when compared to the pre-pandemic period in April 2019, added the institution.
Macau’s average daily rate (ADR) of GGR for April 1 to April 6 was MOP250 million (US$31.2 million), which had “remained flat” compared to the prior-week ADR of MOP246 million. The ADR for the first six days of this month was down 7 percent from March’s daily average, and was also down 68 percent when compared to April 2019, the brokerage said.
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Sands sells all Las Vegas assets, focus now on reinvestment in Asia
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Las Vegas Sands has reached an agreement with two separate investment groups that will see it sell its entire Las Vegas portfolio for US$6.25 billion.
The company announced late Wednesday (Asia time) that funds managed by affiliates of Apollo Global Management, Inc will acquire LVS subsidiaries that hold the operating assets and liabilities of the Las Vegas business for US$1.05 billion in cash and US$1.2 billion in seller financing in the form of a term loan credit and security agreement. The company’s real estate assets, including The Venetian Resort Las Vegas and Sands Expo and Convention Center, will be acquired by VICI Properties Inc for approximately US$4.0 billion in cash.