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MACAU BUSINESS


Melco Crown looks for money M


elco Crown Entertainment Ltd. is looking to borrow up to US$2 billion (MOP16 billion)


to pay for its Macau Studio City project in Cotai, unnamed sources have told Reuters. The company will seek a loan of US$1.25 billion and also issue bonds, one of the sources said. The government last month stressed once more that it has yet to approve the inclusion of a casino in the Macao Studio City project. “The approval is not completed,” said the secretary for transport and public works Lau Si Io. Mr Lau denied the existence of any


“secret deal” on a casino between the government and Melco Crown, which acquired the majority stake in the project last year. Melco Crown has said several times that it is confident that it will be able to include a casino in the project.


Melco Crown is also working on big


changes for City of Dreams, starting with a re-branding of the development, a source in the company told Macau Business. “The re-branding is still very secret but will go ahead this year,” the source said. On February 5, the signature


restaurant at City of Dreams, Horizons, closed for a two-month renovation. When it reopens it might offer a menu by French chef Guillaume Galliot that could come into consideration for a Michelin star. The new Horizons will feature a new entrance and private dining rooms, and a bar that will introduce guests to fine dining. City of Dreams is also aiming to open another Chinese restaurant in July.


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