Melco International, the parent business of Melco Resorts and Entertainment, a casino gaming and entertainment resort developer and owner, has won a tender to build a non-gaming facility in China.
Melco is planning the building of a residential, entertainment, and hospitality mixed-use complex with its Agile Group partner, as part of Melco’s goal of investing in non-gaming assets.
The property is located in the centre of Zhongshan, a city in the Guangdong province that is well-connected to adjacent cities such as Macau, Zhuhai, Guangzhou, Shenzhen, and Hong Kong, with a total gross floor space of over 750,000 square metres. Melco and Agile will work together to create the site in a joint venture that will be administered by both parties.
Residential complexes, office spaces, hotels, service apartments, wellness facilities, shopping malls, and a theme park will be among the project’s residential, commercial, recreational, and entertainment aspects. Melco anticipates completing the majority of the project by 2025.
“Gateway for global tourism into China”
The company feels the region is a “gateway for global tourism into China,” and it has pledged to continue looking for ways to invest and leverage its entertainment and hospitality skills to help the Greater Bay Area grow.
Melco also stated that it is determined to “become an active participant in China’s formidable development,” and welcomed this “important step” in the Zhongshan project.
Melco International’s group chairman and chief executive officer, Lawrence Ho, explained: “Over the past 15 years, Melco has been creating, developing and operating world-class entertainment facilities in Macau and globally.
“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.”