PBL Set to Raise $1 Billion for Casinos - Friday 16th of December 2005

MACAU – As reported by the Australian: "Publishing and Broadcasting Ltd's Macau casino joint venture is set to raise more than $1 billion to fund the construction of its two new casino projects.

"Crown Macau, a joint venture between PBL and Stanley Ho's Melco International Development, is said to be seeking about $240 million for the $260 million Crown Macau casino and six-star hotel now under construction.

"It is also set to raise more than $800 million for the $1.5 billion City of Dreams casino, hotel and apartment project on Macau's Cotai strip.

"The smaller upmarket project is aimed at Chinese high-rollers while the City of Dreams project is aimed at the mass market…"

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