PBL Set
to Raise $1 Billion for Casinos
As reported by the Australian:
"Publishing and Broadcasting Ltd's Macau
casino joint venture is set to raise more than
$1 billion to fund the construction of its two
new casino projects.
"Crown
Macau, a joint venture between PBL and Stanley
Ho's Melco International Development, is said
to be seeking about $240 million for the $260
million Crown Macau casino and six-star hotel
now under construction.
"It
is also set to raise more than $800 million
for the $1.5 billion City of Dreams casino,
hotel and apartment project on Macau's Cotai
strip.
"The
smaller upmarket project is aimed at Chinese
high-rollers while the City of Dreams project
is aimed at the mass market…"
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