New York, June 16, 2011
Melco Crown Entertainment Limited (“MCE” or the “Company”) (NASDAQ: MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced the signing of a share purchase agreement (the “Agreement”) to acquire a 60% equity interest and shareholder loan in the developer of Macau Studio City, a large scale integrated gaming, retail and entertainment resort to be developed in Macau jointly by MCE and New Cotai Holdings, LLC (“New Cotai Holdings”), an entity controlled by funds managed by Silver Point Capital, L.P. and Oaktree Capital Management, L.P. MCE also announced today the signing of an implementation agreement which contains an agreed form of a shareholders agreement (the “Shareholders Agreement”) for Cyber One Agents Limited (together with its direct and indirect subsidiaries, the “Cyber One Group”) to be entered into between, among others, MCE and an affiliate of New Cotai Holdings (“New Cotai”).
RelatedPosts
