On the sidelines of the groundbreaking ceremony of the new MGM Grand Macau casino complex in Macau yesterday June 1, the 5050 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.
In terms of the size of the loan, Ho says they would like as much debt as possible to finance the $975 million complex. We're hoping that with the strong proposition of MGM Grand Macau we can get more than a 5050 debtequity split, she says. MGM Grand Macau...
