Melco International Development Ltd, parent company of Melco Resorts & Entertainment, has won a bid to build a mixed-use residential and entertainment hospitality complex in Zhongshan, Guangdong Province, Macau’s largest feeder market. Its partner in the project is with Kong-listed Agile Group.
The multibillion-dollar project will span 750,000 square meters (185.3 acres) in central Zhongshan. It will also feature offices, hotels, wellness centers, shopping malls and a theme park.
According to Inside Asian Gaming, Melco said the development, to be jointly managed by Melco and Agile, is part of a long-term strategy to invest in nongaming assets and participate in the development of China’s Greater Bay Area. The company added that it will leverage its successful intellectual properties created in Macau into the development and management of the theme park, restaurants and other hospitality facilities in the complex.
“Over the past 15 years, Melco has been creating, developing and operating world-class entertainment facilities in Macau and globally,” said Melco Chairman and CEO, Lawrence Ho. “In doing so, we created a distinctive model of integrating quality leisure, culture and entertainment. We have developed incredible brands that have great growth potential beyond our existing properties.
“We are determined to play an active role in the development of the Greater Bay Area, and to leverage the incredible expertise of the group in non-gaming activities.”
Melco owns and operates integrated resorts City of Dreams, Studio City and Altira in Macau, City of Dreams Manila in the Philippines and is developing City of Dreams Mediterranean in Cyprus, set to open in late 2022, along with four satellite casinos. It’s also one of two remaining contenders seeking an IR license in Yokohama, Japan.
