Up to four years to complete the work

Melco Crown wins more time for City of Dreams resort

(Macau).- Secretary for Transport and Public Works Lau Si Io has approved a new deadline for Melco Crown Entertainment  to complete the City of Dreams casino-resort.
2014-01-30
Reading time 17 seg
(Macau).- Secretary for Transport and Public Works Lau Si Io has approved a new deadline for Melco Crown Entertainment  to complete the City of Dreams casino-resort.

Changes to the land concession announced in Official Gazette give Melco Crown the right to build another five-star hotel at the site instead of an apartment hotel, and up to four years to complete the work.

The company will pay a land premium of US$23.3 million.

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