2007-10-18 14:27 (New York)
By Charles W. Stevens
Oct. 18 (Bloomberg) -- Melco PBL Entertainment (Macau)
Ltd., a casino venture between Lawrence Ho and Australian
billionaire James Packer, plans to raise as much as $800 million
in an offering of American depositary shares.
Proceeds from the sale will be used for its Macau Peninsula
project, the Hong Kong-based company said today in a Securities
and Exchange Commission filing.
Each share will represent three ordinary shares and trade
on the Nasdaq Global Market, Melco said.
Melco operates the Crown Macau Hotel Casino.
--Editor: Stevens (cmm)
To contact the reporter on this story:
Charles W. Stevens in New York +1-212-617-2652 or
cstevens@bloomberg.net.
To contact the editor responsible for this story:
Michael Nol at +1-212-617-2384 or mnol@bloomberg.net.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment