It will focus on its us$ 2.1 billion City of Dreams casino project
Melco keeps door open on deal for Las Vegas Sands assets
(Macau).- Melco International Development, controlled by the son of Macau gambling tycoon Stanley Ho Hung-sun, may consider buying some of Las Vegas Sands' assets in the city next year.
2009-03-31
Reading time 25 seg
Melco will focus on its us$ 2.1 billion City of Dreams casino project for the next six to 12 months, chairman Lawrence Ho Yau-lung, pictured, said on the sidelines of the Credit Suisse Asian Investment Conference in Hong Kong. Melco may invest in Las Vegas Sands assets if City of Dreams does well, he said.
Sheldon Adelson, who controls Las Vegas Sands, said on Wednesday that he met representatives of a group of companies from Hong Kong and other parts of Asia that are considering investing in his Macau properties.
Shrinking gaming revenue forced the company to halt construction on a us$ 12 billion development in Macau.
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