SYDNEY: Australian media and gaming company Publishing & Broadcasting Ltd (PBL) said yesterday its joint venture with Melco International Development Ltd had spent a further HK$400mil in Macau.
PBL told the Australian Stock Exchange that it and leisure and entertainment company Melco had jointly bought the balance 30% of Great Wonders Investments Ltd from Sociedade de Turismo e Diversoes de Macau. Great Wonders is set to develop and own a proposed luxury hotel and casino on Taipa Island, Macau. – Reuters
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