Melco expands

Melco seals deal to build second Cotai casino

Melco Crown takes a controlling stake in the developer of the Macau Studio City project for $360 million.

<div style="text-align: left;"> Melco's City of Dreams includes Crown, Grand Hyatt, Hard Rock and Dragone Hotels, and a 420,000sqf casino (Eyepress News) </div>

Lara Wozniak

June 17, 2011

Developer and casino operator Melco Crown announced yesterday that it would take a 60% equity interest in the developer of the Macau Studio City project for $360 million.

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