Belle Corp has confirmed its deal with Macau Casino Company Melco Crown Entertainment for the running of the $1 billion integrated casino resort in Manila which is due to open later in 2013.
The agreement was reached in October 2012 but was never formally finalized.
The Belle Grande Manila Bay, which has about 6 hectares of land area and will have 250,000 square meters of gross floor area, including about 20,000sq m of gaming space with a capacity to hold 1,600 slot machines and 300 to 320 tables.
Belle under the October agreement would co-licensee and be the owner of the site’s land and buildings, while MCE will be a co-licensee and operator of all the facilities within the resort complex.
The scheme will require both parties to make equal investment contributions to the project.