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Macau Casino Group Planning $1 Billion Nasdaq Listing

24 May 2006

HONG KONG -- As reported by Market Watch: "Melco International Developments and Australia's Publishing & Broadcasting Ltd. are planning to raise $1 billion by floating 20% of their joint venture through a Nasdaq listing…

"The joint venture is scheduled open its first casino…early next year.

"A second … is expected to open in 2008.

"The two companies agreed last week to buy land for a third casino…"

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