Hedge Funds
The James Packer-backed Studio City casino in Macau may strike a $US1 billion ($1.4 billion) deal with hedge funds to improve the economics of the resort with the number of gaming tables allocated to the facility expected to fall short of expectations. Melco Crown Entertainment, 34 per cent owned by Mr Packer's Crown Resorts, is awaiting a decision in the coming weeks by Macau's government over the number of tables it can operate at the $US3.2 billion casino ahead of its opening night on October 27. Studio City International Holdings is 60 per cent owned by Melco with the balance...