MGM China seeks $2billion loan to expand operations in Macau

One of Macau's fastest-growing casino operators, MGM China Holdings Ltd., is negotiating a US$2 billion loan. Financing a substantial expansion in the local gaming market is the goal.

The business has already contacted several banks in an attempt to obtain a five-year line of credit in Hong Kong dollars. It would be the first loan given to the group since the COVID-19 pandemic.

In addition to gaming, MGM China seeks to diversify its offerings to align with local government mandates.

 

[Mama]

I think MGM China's $2 billion loan request signals strong confidence in Macau's long-term gaming potential, drives strategic expansion, stimulates the local economy, and strengthens their competitive position, despite inherent investment risks.