Wynn Macau Ltd., the owner and operator of casino resort Wynn Macau, has approached banks seeking an about $1 billion loan, according to three people familiar with the matter.
The borrower will hold meetings with loans bankers in Hong Kong tomorrow to market the facility and seek feedback on the financing, the people said, asking not to be identified because the details are private. Proceeds will be used to finance the company’s new project along Macau’s Cotai strip, the people said.
Wynn Macau communications director Katharine Liu didn’t immediately reply to an e-mail seeking comment on the financing.
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