Melco PBL Bringing More Slot Machines to Macau

Melco International Development has teamed with Australia’s Publishing and Broadcasting Ltd., in order to create another slot machine parlor in Macau. The joint venture between the two companies, called Melco PBL, will be opening another slot machine parlor next month, as well as another two or three slot machine parlors every year. With each parlor housing two to three hundred slot machines, that is a lot more slot machines coming in each year.

The company currently has another venue for their slot machines - they own and run the Mocha Slot Club chain, which owns roughly 22% of Macau’s gaming market. They have over a thousand slot machines already operating through lease agreements they had made with Sociedade de Jogos de Macau to operate the gaming projects.

Earlier this year, Melco PBL agreed to buy the last sub-concession to own and operate slot machine resort properties in Macau from Wynn Resorts for the bargain price of $900 million. This strategic move made them one of the six major players in Macau’s slot machine industry. The others are much more household names: Wynn Resorts, Galaxy Entertainment Group, Las Vegas Sands, MGM Mirage and SJM.

Melco PBL is planning on opening their first property in the second quarter of next year, and it will be called Crown Macau. The slot machine and gambling hotel/casino will have 216 guest rooms, gaming tables, and over 500 slot machines. Their second property, the City of Dreams resort, is planning on opening in mid-2008. They are working on a location for a third slot machine casino, but nothing has been finalized yet.

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