Friday, August 14, 2009

$240m raising on cards for Packer casino - (AFR Abstract) - 13th August 2009

Melco Crown is trying to lower its debt from the City of Dreams complex in Macau through a $A240 million capital raising. The complex has started slowly since its 1 June 2009 opening. The company's casinos are suffering lower-than-expected patronage and a lower house-win rate. Crown shares closed slightly down on 12 August 2009 at $A7.24 (Credit: Australian Financial Review)


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