MACAO, Sept. 15(Xinhuanet)-- The United States gaming giant Wynn Resort has raised a 764-million-US-dollar loan to finance its Macao project, local media reported Thursday.
The Macao Post Daily quoted sources from Wynn Resort as saying that 28 banks have participated in the loan deal.
Wynn Macao, the project, boasting a 9,300-square-meter casino space, has yet to clinch its actual opening date in autumn next year, according to the newspaper.
The under-construction project will be the third casino funded by foreign investors in the special administrative region, the only territory in China where casino gambling is legal.
Many analysts believe that as foreign investors are keeping flooding in, the region in 2005 is expected to crown the title of the world largest gaming center by revenue. Enditem