Melco Casino's Studio City Gets Nod to Amend $1.4 Billion Loan

  • Melco gets amendment before deadline of Nov. 30 for 2018 loan
  • Covenants allow operation with 250 tables instead of 400

A Melco Crown Entertainment Ltd. joint venture has received consent from banks to amend the terms on its HK$10.85 billion ($1.4 billion) loan for a Macau casino resort project that started operations last month amid the city’s worst gaming downturn on record.

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