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.

Melco seals deal to build second Cotai casino

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.

Macau Studio City is a large integrated gaming, retail and entertainment resort that was initially started in 2007, but has been on hold since its original owners ended up in a bitter legal battle.

It is now set to be jointly revived by Melco...

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