Melco PBL Entertainment Limited announced that its luxury hotel and casino “Crown Macau”, has won the “Best Casino Interior Design Award” in the first “International Gaming Awards 2008” recently held in London, UK. The award recognizes outstanding design in the casino sector. The winner was judged on originality, innovative style, quality of materials and customer friendly environment.
A strong relationship with the government and a new direction for the Crown Macau is upholding the confidence of Melco PBL Entertainment's CEO, Lawrence Ho, in the company's future in Asia's Las Vegas. Earlier this month Melco PBL announced a [[USD]] 142 million loss for the nine months ending September 30.
Melco PBL Entertainment, a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, has provided the following update on its City of Dreams casino development in Cotai. Its subsidiaries Melco PBL (COD) Developments Limited and Melco PBL Gaming (Macau) Limited recently received an offer letter from the Land...
PBL'S Crown Casino in Melbourne and its Burswood Casino in Perth will be used to guarantee a bond issue to help prop up the price of listed US company Melco PBL Entertainment (Macau), it emerged yesterday. James Packer's company plans to raise up to USD 250 million (AUD 290 million) in exchange tradeable bonds, as part of a move to to bolster the price of the Macau company, which has been badly hit in recent weeks by visa restrictions being imposed on gamblers by the Chinese Government.
James Packer's Macau gaming joint venture, Melco PBL Entertainment, has taken on more debt to help fund climbing construction costs for its City of Dreams casino complex on the Cotai strip. The cost of building and designing the project, which includes a casino, shops, three hotels and a block of serviced apartments, has jumped 23 per cent to USD 1.85 billion (AUD 2.2 billion), the company said in a statement to the US Securities and Exchange Commission on Friday.
Shares of Melco PBL slid 6% Monday after the gaming company delayed unveiling "VIP" rooms at its first casino in Macau, which opened over the weekend. "Crown Macau debuted on May 12 with elegant décor and a packed mass gaming floor. But the VIP rooms have yet to be opened. Slow ramp-up of VIP volume would hurt market share in early months," Deutsche Bank analyst Karen Tang said in a research note Monday.
