Melco hits the jackpot as 13 banks join Macau casino refi

Casino operator Melco Crown Gaming has closed a $1.2bn loan to refinance its City of Dreams casino in Macau after attracting 13 banks to the deal in syndication. The deal’s success bodes well for rival Sands China, which remains in the market with its own $3bn facility.

  • 09 Jun 2011
ANZ, Bank of America Merrill Lynch, Bank of China (Macau), Commerzbank and Deutsche Bank launched Melco’s five year deal last month, three weeks before Sands China also hit the market with a loan to refinance the Venetian Macau casino — prompting some bankers to question whether lenders have ...

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