Publishing & Broadcasting Ltd. News
Melco and PBL Launch IPO on NasdaqPele Soccer School Added to PBL's Sentosa Casino Bid in SingaporeMelco PBL Plans More Slot Parlors in MacauGordon Ramsay opens two Las Vegas restaurants in DecemberTropicana Las Vegas appoints new executive teamTropicana casino Las Vegas getting $100 million renovationV Bar Ultra Lounge at Venetian Casino Las Vegas offers new weekly nightclub events
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PBL Plans for Crown Las Vegas
Thursday, May 31, 2007
AUSTRALIA -- As reported by the Australian News.com: "Publishing and Broadcasting Ltd (PBL) says it has entered into an agreement to form a joint venture to develop, construct and operate a __new
Publishing & Broadcasting Ltd looks to build 3rd casino in Macau. casino__ in Las Vegas. PBL has entered the deal with IDM Properties, a Texas-based property developer, and York Capital Management, a New York-based private investment.
"PBL said it had paid $US22.5 million ($27.37 million) for a 37.5 per cent stake in the joint venture company LVTI LLC.
"The new casino will be named Crown Las Vegas and will be situated immediately next door to the Fontainebleau Casino and Resort, in which PBL recently bought a 20 per cent stake..."
Publishing & Broadcasting Ltd.
2nd Floor, 54 Park Street
Sydney, NSW 2000
Sydney, NSW 2000
Phone: (02) 9282 8000
Fax: (02) 9282 8828
Website: www.pbl.com.au
Fax: (02) 9282 8828
Website: www.pbl.com.au
| PBL is one of Australia’s largest diversified media and entertainment groups. PBL owns and operates two of Australia’s leading gaming and entertainment complexes, Crown in Melbourne and Burswood in Perth. |