Place your bets: MGM Grand Macau seeks finance

Macau''s fifth casino concessionaire becomes the fourth to seek international capital. Project finance imminent; a listing in Hong an eventuality.

Nick Lord

June 01, 2005

On the sidelines of the groundbreaking ceremony of the new MGM Grand Macau casino complex in Macau yesterday (June 1), the 50/50 sponsors, Pansy Ho and Terry Lanni, CEO of MGM Mirage, confirmed that they are speaking to banks to secure a project finance facility. A decision on the arrangers of the facility will be made this month.

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