• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 30 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Melco International wins joint bid to develop multi-billion dollar non-gaming, mixed use complex in Zhongshan, China

Andrew W Scott and Ben Blaschke by Andrew W Scott and Ben Blaschke
Wed 23 Jun 2021 at 12:30
Melco International wins joint bid to develop multi-billion dollar non-gaming, mixed use complex in Zhongshan, China
148
SHARES
3.7k
VIEWS
Print Friendly, PDF & Email

Melco International Development Ltd, the parent company of international IR operator Melco Resorts & Entertainment, has won a joint bid with Hong Kong-listed Agile Group to develop a multi-billion dollar mixed-use residential, entertainment hospitality complex in Zhongshan, Guangdong Province.

The project, to be mostly completed by 2025, will cover a gross floor area of 750,000 square meters in the heart of Zhongshan, located just north of Zhuhai. It will feature residential, commercial, recreational and entertainment elements, including residential complexes, office areas, hotels, serviced apartments, wellness centers, shopping malls and a theme park.

Melco said Wednesday that the development, to be jointly managed by Melco and Agile, was part of its strategy to invest in non-gaming assets while being an active participant in the formidable development of China, particularly the Greater Bay Area. The company added that it plans to 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.

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, slated to open in late 2022.

It is also one of two remaining contenders to partner with Yokohama in its pursuit of an IR license in Japan.

According to a filing with the Hong Kong Stock Exchange, wholly-owned Melco subsidiary Melco Zhongshan has formed a joint venture with a subsidiary of Agile called Zhongshan Yachen that will see them acquire the project land for around HK$4.8 billion (US$618 million).

Melco, via its joint venture parties, Melco Zhongshan and Creation Elite Limited, will be responsible for development, management and operation of the theme park. It will also contribute RMB150 million (US$23 million) towards the land acquisition price, RMB250 million (US$39 million) towards development of the land, fund the cash contribution on any construction costs and pre-opening expenses in respect of the theme park that are over and above RMB1.45 billion (US$224 million), and fund the ongoing operational costs of the theme park.

Melco Zhongshan will subsequently be entitled to all profits and losses arising from the operation and ownership of the theme park while Agile’s subsidiary Zhongshan Yachen will be entitled to profits and losses from the remainder of the project, other than residential units covering 5,000 square meters which will be allocated to Melco Zhongshan by Zhongshan Yachen at zero cost.

“Over the past 15 years, Melco has been creating, developing and operating world-class entertainment facilities in Macau and globally,” said Melco’s 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 Chairman and CEO, Lawrence Ho

The development is an astute move by Lawrence Ho. It ticks a lot of boxes for Melco not only by expanding its non-gaming offerings into Macau’s largest feeder market of Guangdong Province, but also supporting the mainland government’s expansion initiatives across the Greater Bay Area.

Melco further strengthens its connections with the mainland by partnering with Agile Group, which has two companies listed on the Hong Kong exchange. Agile was established in 1992, has nearly 60,000 employees, does business in over 200 cities across mainland China and has over RMB 300 billion in assets. It is involved in property development, environmental management and urban renewal.

RelatedPosts

We’re Back!

South Korea’s new 15-day visa-free policy for Chinese visitors officially launches

Tue 30 Sep 2025 at 06:22
Almost 400,000 visitors enter Macau during three-day New Year’s holiday

Macau’s Public Security Police Force anticipating 1.2 million visitor arrivals during Golden Week holiday

Mon 29 Sep 2025 at 23:24
Macau makes unprecedented personnel changes as Wong Sio Chak promoted and André Cheong named Legislative Assembly member

Macau makes unprecedented personnel changes as Wong Sio Chak promoted and André Cheong named Legislative Assembly member

Mon 29 Sep 2025 at 15:46
MGM China to remodel its Macau integrated resorts to add more MICE and arts space

MGM China issues warning over deepfake video of Chairperson and Executive Director Pansy Ho

Fri 26 Sep 2025 at 04:28
Load More
Tags: ChinaLawrence HoMacauMelco InternationalMelco Resorts & EntertainmentZhongshan
Share59Share10
Andrew W Scott and Ben Blaschke

Andrew W Scott and Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Born in Australia, Andrew is a gaming industry expert and media publisher, commentator and journalist who moved to Hong Kong in 2005 and then Macau in 2009, when he founded O MEDIA, one of Macau’s largest media companies and parent company of Inside Asian Gaming.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

by Newsdesk
Tue 30 Sep 2025 at 06:32

Philippine gaming regulator PAGCOR said Monday it has committed Php50 million (US$860,000) to the National Bureau of Investigation (NBI) to help strengthen its operations against illegal gaming, including banned POGOs. In a statement, PAGCOR revealed that it signed a Memorandum...

We’re Back!

South Korea’s new 15-day visa-free policy for Chinese visitors officially launches

by Newsdesk
Tue 30 Sep 2025 at 06:22

South Korea officially launched on Monday its latest visa-free policy for Chinese tour groups in a further move aimed at boosting the country’s tourism sector. First announced in March, the policy is part of a pilot program that will run...

Almost 400,000 visitors enter Macau during three-day New Year’s holiday

Macau’s Public Security Police Force anticipating 1.2 million visitor arrivals during Golden Week holiday

by Pierce Chan
Mon 29 Sep 2025 at 23:24

Macau’s Public Security Police Force expects to see over 1.2 million visitors arrive during this year’s eight-day National Day Golden Week holiday. The National Day holiday will this year be combined with the Mid-Autumn Festival, resulting in a total of...

“See Beyond” – A first glimpse into a new kind of cabinet experience

“See Beyond” – A first glimpse into a new kind of cabinet experience

by Newsdesk
Mon 29 Sep 2025 at 23:22

CLIENT PROMOTION There are machines that light up. And then, there are those that awaken something far deeper. It starts with a spark. Then it pulls you in. Presence that speaks. Fantasy doesn’t reveal itself, it plays with your imagination....

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語