Melco Adds $60M To Manila Casino Project Investment

Law360, New York (October 9, 2013, 3:31 PM EDT) -- The Philippine unit of Melco Crown Entertainment Ltd. said Wednesday that it will increase by $60 million its investment in the resort and casino it's building in Manila's Entertainment City complex, after a regulator changed the limit on gaming tables.

Melco Crown (Philippines) Resorts Corp. opted to invest $680 million, instead of the originally planned $620 million, after the Philippine Amusements and Gaming Corp., or Pagcor, issued a resolution allowing Melco to operate more gaming tables and electronic gambling machines. Melco's parent firm also said it decided...
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