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Business Description
Melco PBL Entertainment (Macau) Limited engages in the development, ownership and, through Melco PBL Gaming (Macau) Limited (MPBL Gaming), operation of casino gaming and entertainment resort facilities.
MPBL Gaming is licensed, through concessions or subconcessions, to operate casinos in Macau. The company has been formed as a 50/50 joint venture between Melco and PBL as their exclusive vehicle to carry on casino, gaming machines and casino hotel operations in Macau.
The company, through existing operations and projects under development, would cater to a spectrum of potential gaming patrons, including wealthy high-end patrons, who seek the excitement of high stakes gaming, as well as mass market patrons, who wager lower stakes and may be more casual gaming patrons seeking a broader entertainment experience.
Subsidiaries
The company’s principal operating subsidiaries are Great Wonders, a Macau company; Melco Hotels, a Macau company; and MPBL Peninsula, a British Virgin Islands company, through which the company holds Crown Macau project, City of Dreams project and Macau Peninsula project, respectively. Great Wonders and Melco Hotels are wholly owned by MPBL Gaming. MPBL Peninsula is the company’s direct wholly-owned subsidiary.
Projects
The company’s existing operations and development projects consist of:
The Crown Macau: The Crown Macau is being developed to offer a luxurious premium hotel and casino resort experience. The property would feature a 36-story tower including approximately 183,000 square feet of gaming space with approximately 220 gaming tables and approximately 500 gaming machines, and a luxury premium hotel with approximately 216 deluxe hotel rooms, including 24 suites and eight villas.
The City of Dreams: The company is in the process of developing the City of Dreams to be a ‘must-see’ integrated casino and entertainment resort primarily for mass market patrons. The City of Dreams would be located on the Cotai Strip. The City of Dreams is planned to feature hotels ranging from four-stars to luxurious ones, with a total of approximately 1,600 hotel rooms, an underwater-themed casino with approximately 450 gaming tables and 1,500 gaming machines, a performance hall, an upscale shopping mall and a variety of mid- to high-end food and beverage outlets.
Mocha Clubs: The company’s six Mocha Clubs feature a total of approximately 1,000 gaming machines, and comprise the non-casino-based operations of electronic gaming machines in Macau. The Mocha Clubs focus on mass market, casual gaming patrons, including local residents and day-trip customers. The company’s machines are supplied from IGT, Aristocrat and Stargames. It offers both single player machines with a variety of games, including progressive jackpots and multi-player games where players on linked machines play against each other in electronic roulette, baccarat and sicbo, a traditional Chinese dice game.
Macau Peninsula Site: Macau Peninsula site is located on the shoreline of the Macau peninsula near the Macau Ferry Terminal. The company is in the process of developing the Macau Peninsula site into a mixed-use hotel, serviced apartment and casino facility targeted primarily at day-trip gaming patrons.
Competition
The company’s competitors include SJM, Wynn Macau, Galaxy, Las Vegas Sands Corp., MGM Grand Paradise Limited, and Star Cruises (Hong Kong) Ltd. Its regional competitors would also include PBL’s Crown Casino Melbourne and Burswood Casino in Australia.
History
Melco PBL Entertainment (Macau) Limited, formerly known as Melco PBL Holdings Limited, was incorporated in 2003.
