Melco PBL raising funds for City Of Dreams project.
Written on August 3, 2006 by admin
Comment - Whilst all the focus is on Sands and Wynn, let’s not forget about Melco-PBL who are quietly building their Crown Casino on Taipa, due to open early 2007. They still have plans for a listing on the NASDAQ later this year.
As reported by the Australian: “James Packer’s Publishing and Broadcasting and its Hong Kong partner, Melco, have hired a four-bank syndicate led by ANZ to raise money for their $1.5 billion City of Dreams casino project in Macau.
“The island’s casino magnate, Stanley Ho, has got the go-head to launch a $2.5 billion listing of his Macau casino company on the Hong Kong Stock Exchange.
“Investor response to the listing would partially measure the market for a possible listing of PBL-Melco’s Macau assets on the Nasdaq in the US this year.
“…To arrange debt financing for City of Dreams, ANZ is leading a team that comprises Barclays, Deutsche Bank and Bank of America.
“Hong Kong sources say the fundraising could include a mixture of bonds and loans…”
Technorati Tags: City of Dreams, macau, Macau Casino, Melco Crown, Stanley Ho
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