$1 billion contracts with hedge funds.

by: chucheon xyzPosted on:

$1 billion contracts with hedge funds.

According to local media reports, the goal of the $1 billion contract is to help the facility because it can only provide a certain number of game tables, which is less than expected.

Australian operator Crown Resort and Hong Kong game company Melco International Development have come together to create Melco Crown Entertainment. Crown actually has a 34% stake in the joint venture. Studio City must now wait for approval for their game tables because they need to know the numbers allowed by the government. 슬롯사이트 추천

Casinos initially believed they would get approval for 400 game tables. But officials said they were most likely to get permission to operate 150 later. The final decision on this issue must be made this month, when casinos are scheduled to open in 25 days. With Studio City including a $1.4 billion loan, the venue will need to have at least 400 tables for games. Melco Crown, which has a 60% stake in Studio City, may choose to move tables from other Macau-based properties. If they choose to do so, they will need to reduce their share of the revenue generated.

Gambling industry experts believe Studio City will eventually be allowed to offer more than 150 small sets of money because it has more of a variety of attractions, not gambling. The Macau government wants resorts and other businesses to focus on other areas as the casino industry has recently suffered. Operators are encouraging the introduction of other features that will attract tourists from all over the world.

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