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Melco Crown To Open New $3.2 Billion Casino in Macau Despite Declining Visitors

Melco Crown Entertainment Ltd. has announced plans to open a new $3.2 billion casino in Macau on October 27, despite a downturn in visitors — especially high rollers — to the Asian gaming mecca.

The casino operators are hoping that the government in Macau will grant its request to allow 400 gaming tables on the casino floors, and Melco Chairman Lawrence Ho admits he would be "very concerned
if the request isn't granted.

"We hope the government will reward us more for the hard work we have put in over the last 10 years," Ho stated at a press conference.