Melco PBL Sign Agreement to Operate Casinos at Macau Studio City

Written on May 25, 2007 by Macau

, a developer and owner of casino gaming and resort facilities focused exclusively on the market, announced today that its subsidiary, Gaming () Limited, has signed its services agreement with New () Limited to operate the casino portions of the Macau Studio City project, a large scale integrated gaming, retail and resort development that is targeted to open on the Strip during 2009.

macau-studio-city-2.jpg
The project is being developed by a joint venture between eSun Holdings Limited and New Holdings, LLC, which is primarily owned by investment funds and David Friedman, a former senior executive of Las Vegas Sands. A percentage of the gross gaming revenues from the casino operations of Studio City will be retained by Gaming.

will not be responsible for any of the project’s capital development costs, and the operating expenses of the casino will be substantially borne by New .

Technorati Tags: , , , ,

Posted in Cotai Strip, Macau Studio City, Melco PBL, eSun

If you enjoyed this post you might want to subscribe to our RSS Feed!

- - - -

Take a look to these similar posts!

Add Comment

You must be logged in to post a comment.