Tuesday, December 06, 2022 - Login

Melco gets nod to increase stake in Cyprus project


Melco International Development has received approval from the Cyprus government to increase its interest in its Cyprus integrated resort project.

In June, Melco announced it had entered into an agreement to purchase Hard Rock’s 35.4 percent interest in the consortium company, completion of which would be subject to obtaining the necessary approval from the Cyprus gaming authority.

After completion, Melco will assume a majority stake of 70.74 percent shareholding in the Cyprus integrated resort project.

Completion of the purchase is expected to take place on or about September 13, 2017.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief