Tuesday, 28 August 2007

MGM Mirage secures $700million loan for Macau venture 美高梅金殿超濠澳門計劃貸款 (美高梅金殿超濠澳门计划贷款)

The world’s second-largest casino owner, MGM Mirage, has secured a 700-million dollar loan to fund its first operation in Macau which is expect to complete by the end of 2007. This brings the firm a step closer to the opening of a casino and hotel resort. This joint venture is a partnership with the daughter of tycoon Stanley Ho - Pansy Ho.

Source : www.hotel-online.com
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MGM Grand Macau is already looking to expand its Cotai Strip resort - MGM Grand Cotai, it is now waiting for government approval. The resort size at Cotai strip will be smaller than the Venetian, but it will be more focus on the quality instead of the size.