• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

The Macau Metro Monitor. October 20th, 2009

GRAND HYATT MACAU OPENS IN THE CITY OF DREAMS hotelinteractive.com

Hyatt Hotels & Resorts today announced the opening of Grand Hyatt Macau located on the Cotai Strip in the new City of Dreams development.  The 791-guestroom hotel has fifteen individual function areas spanning more than 968,000 square feet.  Grand Hyatt Macau now has one of the largest event spaces in Macau.

 


VENETIAN MACAU SEEKS $1.75 - $2 BILLION FINANCING reuters.com

Las Vegas Sands Corp is seeking $1.75 billion to $2 billion five-year financing for its subsidiary, Venetian Macau, almost twelve months after cancelling a $5.25 billion financing and mothballing its Macau projects, according to banking sources.  Funds from the new deal will be used to complete Lots 5&6.  The news could come as a boost ahead of the company’s upcoming $1.5billion - $2 billion initial public offering in Hong Kong in November.

The financing is said to comprise of revolving credit and a term loan. LVS is rumored to be seeking a rate of 400 basis points over LIBOR, while “bankers looking at the deal” said they would expect pricing over 500 basis points all-in.