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Melco gives up on casino

15 February 2010

AUSTRALIA AND MACAO -- Melco Crown Entertainment have abandoned plans to own a third casino in Macau, The Age reported.

The company delivered the news it had received a refund on a deposit paid years ago in a conference call to analysts, The Age said.

The retreat on the waterfront planned third casino "Trinity" is the latest roll-back on ambitious plans formulated in the 2006 period, according to The Age report.

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