| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | Gambling Stake are High
- Sunday, 18 Dec 2005
Five groups including PBL and three of the biggest names in the casino gambling industry - US companies Harrah"s Entertainment, MGM Mirage and Las Vegas Sands Corp - were on the shortlist after submitting bids by Friday"s deadline.
The final handful of gambling contenders did not include Las Vegas gambling operator Wynn Resorts and Australia"s Tabcorp. The two dropped their bids for the gambling casino, which Merrill Lynch estimates will cost as much as $US5 billion ($6.5 billion) to develop.
Executives from PBL and its Asian gambling partner, the Hong Kong-quoted Melco, were in Singapore on Friday for talks with the Tourism Board before it announced the final shortlist of gambling partners. The two are building a casino-hotel complex in Macau and have plans for a second, larger project - City of Dreams - on Macau"s new Cotai strip.
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