Bloomberg News

Melco PBL to Open Hotel Part of Macau Casino by July

June 18, 2007

(Corrects story first published June 18 to note the hotel portion of the casino will be operational by the end of July, not the end of 2007. Adds company comment in third paragraph.)

Melco PBL Entertainment (MPEL:US), which last month opened its first casino in Macau, said it aims to have the building's hotel portion in full operation by the end of July.

The Crown Macau casino was due to open 60 of its planned 216 hotel rooms to the public at the weekend, Melco PBL said in a press release June 14. The company opened the gaming facilities at the $500 million-casino on May 12 while its hotel rooms were still under construction.

``The hotel is on track to meet its target of having a full complement of 216 rooms, which includes all villas and suites, operational by the end of July 2007,'' the company said in a statement.

Nasdaq-listed Melco PBL is a venture between Australia's richest man James Packer and Lawrence Ho, son of Macau billionaire Stanley Ho.

To contact the reporter for this story: Kelvin Wong in Hong Kong at kwong40@bloomberg.net

To contact the editor responsible for this story: Tom Kohn in Hong Kong at tkohn@bloomberg.net


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Companies Mentioned

  • MPEL
    (Melco Crown Entertainment Ltd)
    • $32.99 USD
    • -0.50
    • -1.52%
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