International edition
June 20, 2021

The deal gives Melco Crown a new completion deadline

City of Dreams’ completion extension to get green light

(Macau).- Melco Crown Entertainment is expecting to be given an extension by the government on the completion deadline for the entire City of Dreams project on Cotai. Melco Crown is still authorized to build an additional four-star apartment hotel at the site. But the company is looking to build one other five-star hotel tower instead.

T

he gaming operator said in its annual report for 2012 released to the Hong Kong Stock Exchange, that a deal with the government was struck in March, but it has yet to be published in the Official Gazette.

Depending on when gazetting occurs, the deal will give Melco Crown a new completion deadline, extending it by as much as four years from the original deadline of August 2013.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook