HOME    NEWS    SPECIAL REPORT    PHOTO    COMMENTARY    VOICE
NEWS > Taiwan/HK
Macao gaming resort project secures US$700 mln financing
2006-01-10 00:45:27 Xinhua English
MACAO, Jan. 10(Xinhua)-- MGM Grand Macao, a Macao-U.S. jointly operated gaming resort project, has secured 700 million U.S. dollars in financing, local media reported Tuesday.

Macao Post Daily quoted MGM sources as saying that those which are to fund the project cover Bank of America, the Hong Kong and Shanghai Banking Corporation, Bank of China and a number of local banking groups.

MGM Grand Macao, a waterfront site on the Macao peninsula, will feature a large casino consisting 345 table games and 1,035 slot machines and a hotel with 600 rooms.

The project is reportedly budgeted at 1.06 billion U.S. dollars and is expected to open in the second half of 2007.

There are currently 18 casinos operating in Macao, a region with a population of 480,000. Enditem

MORE NEWS
Bank of China gets key approval for HK IPO  
Taiwan court indicts chip executives for aiding mainland firm  
HK says S Korean lawmakers will not influence protester case  
Hong Kong may cut tax burden on offshore funds by March  
Frank Hsieh: Taiwan not likely to accept pair of pandas from Beijing  
Hong Kong animal lovers march with pets, urging end to animal abuses  
Air Macao to open 52 extra flights for Chinese New Year  
Macao's gaming industry sees income rise in 2005  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsúČor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright© 2005 SINA.com. All Rights Reserved