The Macau Metro Monitor, September 11, 2012
NO NEED FOR FRESH EQUITY TO FUND WYNN COTAI Macau Business
Wynn Macau vice chairman Allan Zeman said WYNN would fund its new Cotai project through debt and internal resources. The project is estimated to cost US$4 billion (MOP32 billion) and should take around four years to build.
Zeman, who heads Hong Kong-based Lan Kwai Fong Holdings Ltd, a company investing in entertainment, also said he would consider investing in a bar and restaurant strip in Macau if the right piece of land became available at a reasonable price.
CHINA NEW LOANS EXCEED ESTIMATES AS WEN COUNTERS SLOWDOWN Bloomberg
China new loans was the highest of any August on record. New local-currency lending was 703.9 billion yuan (US$111 billion) in August, easily surpassing the 600 billion yuan Street estimate.