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Online Casino Conditions >>> Betting News >>> October News


Isle of Capri Casinos Brings Melco PBL on Board in Singapore
Online Casino Conditions Staff
October 10, 2006

Renowned resort developer, Eighth Wonder Ltd. is not the only one hoping their proposal to build an integrated resort complex in Singapore gets approved. Also mixed in the deal is Melco PBL Entertainment (owner and operator of Crown Macau Casino Resort scheduled to open in April of next year) and Isle of Capri Casinos, who would have the honors of the developing a casino fit to cater to what is expected to be a very large turnout of Asian gamblers on Sentosa Island in Singapore.

The original agreement between the powerhouse companies now includes a provision that will give equity ownership to Meco PBL, who will be responsible for managing the casino and all gambling related amenities at the resort if the proposal is accepted by Singapore gaming authorities. Isle of Capri Casinos will now participate in a revenue sharing agreement in addition to their former stake in the resort's equity. Eighth Wonder is spearheading the entire project, bringing their Las Vegas roots to the world of Asian gambling.

As for Melco PBL, they are a tremendous asset for the consortium due to their experience and insight about the Asian casino gambling industry. Isle of Capri Casinos Chief Operating Officer, Timothy Hinkley, referred to the newfound partnership with Melco PBL as an excellent source for helping fine-tune their bid to the expectations and requirements of the Singapore Government. The relationship between Eighth Wonder and Isle of Capri will be strengthened even further into what could very be a long-standing business partnership if the casino proposal is approved.

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