Kerzner reveals funding plans

SINGAPORE – As reported by the Shanghai Daily: "Kerzner International Ltd, one of three bidders for Singapore's second casino-resort, said it would fund the S$5.28 billion (US$3.4 billion) proposal through debt and equity if it wins the concession.

"The company, which is proposing to build the world's biggest artificial coral reef and water rides to accommodate more than 5,000 people, said it would fund two-thirds of the proposed Singapore development with debt, and the remaining amount through shareholder investments, according to Bloomberg News.

"…Kerzner is also proposing to spend an additional S$2 billion over the first 10 years to maintain and refurbish the Singapore resort if it wins…"

< Gaming News