Wynn Macau Ltd is in negotiations with banks to obtain a US$1 billion (MOP8 billion) loan, according to three people familiar with the matter quoted by Bloomberg. The gaming operator was expected to hold meetings with loans bankers in Hong Kong today to market the facility, the sources told Bloomberg, asking not to be identified because the details are confidential. Proceeds will be used to finance the company’s new project in Cotai, the sources said.
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