Melco International has announced plans for a US$616m entertainment complex in Zhongshan, China, in a move seen as likely to benefit its chances of concession renewal.
The company has teamed with Chinese property developer Agile Group on a premium residential, entertainment and hospitality mixed-use complex. The city is a key hub in the Greater Bay Area and has good connections with Macau, Zhuhai, Guangzhou, Shenzhen and Hong Kong.
Melco International holds a majority stake in Melco Resorts and Entertainment, the operator of the City of Dreams and Studio City in Macau. The company also operates the City of Dreams Manila and is developing a resort in Cyprus.
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