The project would take 36 months to complete
us$ 1.4 billion loan underway for Studio City in Macau
2012-06-11
Reading time 20 seg
(Macau).- A us$ 1.4 billion loan to back Melco Crown Entertainment’s Studio City casino project in Macau is taking shape. Eight banks are likely to be in the arranger group, English-language newspaper Business Daily reports quoting International Financing Review Asia.
Melco Crown co-chairman Lawrence Ho said during the company’s first quarter earnings call that Studio City would cost us$ 1.9 billion and take 36 months to complete.
Ho also said the company hoped for a construction permit from the government ‘near the end of first half 2012’.
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