Pursuits
Melco Crown’s Billionaire Owner Maps Expansion Beyond Macau
- Gaming company to open $1 billion hotel in Macau in 2018
- Chairman Lawrence Ho plans resorts, hotels outside gaming hub
Melco Crown Plans Hotel Expansion
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Melco Crown Entertainment Ltd.’s billionaire chairman said he wants to be the first resort operator to use Macau as the launchpad for a global hotel brand, beginning with a $1 billion project in the the world’s biggest gambling center with ambitions to expand to Japan and other Asian countries.
Casino tycoon Lawrence Ho plans to debut the company’s first Morpheus hotel, a futuristic high-rise designed by late architect Zaha Hadid, on Macau’s Cotai strip in the first half of 2018, he said in an interview in Macau Tuesday. Ho intends “to build something special in big jurisdictions like Japan or other parts of Asia” to expand the lodging brand aimed at “the most sophisticated international travelers,” he said.