Macao Studio City Looking For Cash (Try the Couch)
I've been pretty skeptical about Macao Studio City's chances for meeting their opening date in 2009. From the slew of photos that readers have sent us, they have little chance of progressing from pilings to phase 1 of the resort in a year or so.
They have been busy updating their website though, so at least they are making virtual progress on the property.
It was announced this week however that eSun Holdings, the folks who own the project, have floated some kooky stock offering whatchamacallit to current investors which they hope will raise HK$1.03B in financing. For those interested in riding the rails of the Hong Kong Stock Exchange, eSun's ticker is HK:571
If any Macau trippers are headed to Cotai anytime soon, please please please snap a coupla photos of the Macao Studio City plot (and everything else :)) so we can share em with the group. I ain't too proud to beg!
Speaking of... Galaxy (HK:27) is now farting around the HK$6 range. Looks like investors are scared of that debt load... better open Galaxy MegaResort pronto gents!