April 1, 2008PBL Entertainment (Macau) Limited topped out the Hard Rock hotel and the main podium of its mega-project City of Dreams in Cotai, Macau today.
Posted in City of Dreams, Cotai Strip, Crown Towers, Grand Hyatt Cotai, Hard Rock Hotel, Hard Rock Macau, James Packer, Lawrence Ho, Melco PBL 
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November 29, 2007A strong relationship with the government and a new direction for the Crown Macau is upholding the confidence of Melco PBL Entertainment’s CEO, Lawrence Ho, in the company’s future in Asia’s Las Vegas.
Earlier this month Melco PBL announced a USD142 million loss for the nine months ending September 30. The third quarter saw the company lose USD45.2 million, five times the loss sustained in the same period last year.
Posted in City of Dreams, Cotai Strip, Crown Macau, Lawrence Ho, Melco PBL, Theatre of Dreams No Comments »
November 21, 2007Melco PBL Entertainment (Macau) Limited, a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, today reported financial results for the third quarter and nine months ended September 30, 2007. Lawrence Ho, Chief Executive Officer and Co-Chairman of Melco PBL Entertainment, commented, “The third quarter was a transitional period for Crown Macau as the property became fully activated from late July.
Hold adjusted property EBITDA has grown each month during the third quarter, and we are excited by our continued progress in expanding the business. VIP rolling chip volume has shown excellent growth, progressing from US$1.375 billion in July to over US$2.5 billion for the month of October. Based on our estimation for the month of October, Crown Macau’s combined VIP and mass table game market share of the whole market was approximately 8%, continuing the positive growth trend and despite the introduction of a major new entrant into the market.
Posted in City of Dreams, Crown Macau, James Packer, Lawrence Ho, Macau Casino, Melco PBL, Theatre of Dreams 1 Comment »
June 22, 2007Melco PBL Entertainment (Macau) Limited (NASDAQ: MPEL), a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, announced that its subsidiary, Melco PBL Gaming (Macau) Limited, has today secured commitment from a group of banks for senior secured term and revolving loan facilities in the amount of US$2.75 billion with terms of between five and seven years. The Company believes that these facilities provide all of its outstanding funding requirements for the current project development pipeline, including City of Dreams and the Macau peninsula development project.
The new loan facilities will allow the Company to retire its existing committed but undrawn borrowing arrangements. The new facilities will be denominated in Hong Kong dollars and/or United States dollars and provide both substantially improved pricing terms and increased flexibility as compared with the US$1.6 billion facility committed in September 2006. The Coordinating Lead Arrangers of the new facilities are ANZ, Bank of America, Barclays Capital, Deutsche Bank AG and UBS AG.
Posted in City of Dreams, Cotai Strip, Entertainment, Macau Casino, Melco PBL, Theatre of Dreams No Comments »
January 23, 2007Hard Rock International and Melco Hotels and Resorts Limited (Macau), a subsidiary of Melco PBL Entertainment (Macau) Limited (”Melco PBL Entertainment“), have signed definitive agreements for the development of Hard Rock Hotel and Casino Macau at the City of Dreams Casino and Entertainment Resort Complex, currently under construction in Macau, a special administrative region of China, on the Cotai Strip.
Melco PBL Entertainment, which is a NASDAQ-listed company, is developing the City of Dreams to be a “must-see” integrated casino and entertainment resort. The City of Dreams development is planned to feature an underwater- themed casino and four luxurious hotels, including Hard Rock Hotel, Grand Hyatt, Hyatt Regency and the Crown Towers, among other features. The development is planned to open in two phases, with the first phase (which is planned to include the Hard Rock Hotel and Casino Macau), expected to be opened late 2008.
Posted in City of Dreams, Cotai Strip, Crown Macau, Entertainment, Hard Rock Macau, James Packer, Lawrence Ho, Macau Business, Macau Gaming, Melco PBL No Comments »
November 2, 2006An excellent article by one of Australia’s top journalists Glenda Korporaal from The Australian, who recently interviewed Pansy Ho. I think Pansy is spot on, Macau’s casino market will become saturated as 40-50 casinos will be just too many. The fact remains that 95% are Chinese gamblers and some 35,000 mainland Chinese visit on daily border trips.
So they will have to find other ways to attract the punters and get them to stay longer, so they will need to create interesting activities to keep them coming. Mind you they are already trying with ventures such as Hard Rock Hotel, Elvis Presly Shows, Playboy Club, Planet Hollywood, but what about some popular Chinese concepts. Let’s face Hong Kong’s Disneyland is not faring all that well!
Posted in City of Dreams, Cotai Strip, Crown Macau, Entertainment, Hard Rock Macau, James Packer, Macau Business, Macau Casino, Macau Gaming, Macau Retail, Macau Tourism, Melco PBL, STDM | SJM, Shopping, Stanley Ho, Venetian Macao No Comments »
October 17, 2006Melco PBL have signed an Memorandum of Understanding to operate a Hard Rock Hotel and Casino in the City of Dreams project on the Cotai Strip.
Well it is getting better and better every day, first Playboy Club and now the Hard Rock Hotel Group. City of Dreams is expected to open late 2008.
Posted in City of Dreams, Cotai Strip, Crown Macau, Design & Construction, Entertainment, Hard Rock Macau, Hotel Macau, James Packer, Macau Business, Macau Casino, Melco PBL No Comments »
