Regarding the Macau Studio City project
Melco PBL signed services agreement with New Cotai Entertainment
2007-05-29
Reading time 26 seg
This agreement was announced by Melco PBL Entertainment, a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market.
The project is being developed by a joint venture between eSun Holdings Limited and New Cotai Holdings, 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 Macau Studio City will be retained by Melco PBL Gaming.
Melco PBL Entertainment 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 Cotai Entertainment.
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