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PBL, Melco buy land for third casino

30 October 2006

"To be called Trinity, the third project is expected to be a tower/hotel development with at least 200 casino tables and 300 poker machines. The move gives the partnership a waterfront spot on the Macau peninsula - the traditional centre of gambling in Macau - as opposed to their current two sites further away on the island opposite the main city.

"While PBL and Melco have not released any figures, the Macau media has speculated that the land deal was worth around $260 million. The news comes as PBL executive chairman James Packer is set to visit the city again next month - his third time this year - to mark the topping out ceremony for the $300 million Crown Macau, on the island of Taipa, the first hotel/casino complex to be opened by the PBL-Melco consortium.

"…Still in the concept stage, the third Macau project is expected to be a more modest one than the City of Dreams, given the limited size of the land…"

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