Belle, Melco Crown ink deal for $1B hotel-casino complex

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Listed Belle Corp. and Macau casino giant Melco Crown Entertainment Ltd. (MCE) have finalized their deal for the operation of the $1-billion Belle Grande hotel and casino, which is being built at the Pagcor Entertainment City in Parañaque City.

In a disclosure, Belle said its subsidiary, PremiumLeisure and Amusement Inc., closed the transactions under a previous cooperation agreement with MCE Leisure Corp., MCE Holdings Corp. and MCE Holdings No. 2 Corp. The three firms are indirect subsidiaries of MCE, which is listed on the Hong Kong Stock Exchange.

The two groups signed an operating agreement for the integrated casino, hotel, retail and entertainment complex on Diosdado Macapagal Ave. The complex is scheduled to open this year.

“Belle and related parties in the Philippines and MCE Leisure and its affiliates, as co-licensees, are expected to make equal investment contributions to the project,” the disclosure read.

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  • desi derata

    Leave the casino alone. It is still a free country. Let the Chinese come and spend their money. Probably with the taxes, we can buy defense equipment or improve school buildings.

  • Taiko_Kauna

    it’s not my worry either, I’ve nothing more to bet he he he

  • Echuserang_Froglet

    mabuhay ang casino!

    ang tunay na pag asa ng bayan!

    • Meow Ming

       ppppppppppwwweeehhhhhh kadiri eeeeeeeeeeewwwww

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