It has been reported that eSun shall sell its majority stake in the Macau Studio City project to Melco Crown.
This is clearly a major breakthrough that now should allow the long delayed project to go ahead. The parties had been in litigation in Hong Kong courts for years.
Hence, Melco Crown shall operate a second integrated resort in the Cotai, in partnership with New Cotai LLP, a US company which shall have the remaining 40% stake.
Therefore, New Cotai LLP shall join the ranks of American gaming companies Wynn, the Venetian/LVS, and MGM.
Press release
WSJ MB
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