The firms signed a cooperation agreement
Belle and Melco to develop integrated resort complex in Manila
(Philippines).- Belle, the Philippine property developer, has signed a deal with Melco Crown Entertainment to develop an integrated resort complex that will include casino and hotel components in Manila.
2012-10-26
Reading time 26 seg
(Philippines).- Belle, the Philippine property developer, has signed a deal with Melco Crown Entertainment to develop an integrated resort complex that will include casino and hotel components in Manila.
Under the cooperation agreement, both entities are expected to make equal investment contributions to the project, Belle said in a statement to the stock exchange.
"We are very happy to welcome MCE into the Philippines.We are confident that MCE will bring its expertise in operating a highly successful integrated resort complex and strongly contribute to promoting the Philippines as one of Asia's premier tourism destinations," Willy Ocier, Belle Vice Chairman, said.
Melco Crown Entertainment operates several casinos and hotels in Macau.
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