Macau | Studio City gets extension of development period

Macau (MNA) – The Macau SAR Government has granted an extension to Melco’s Studio City development period under its current land concession contract, Melco Resorts & Entertainment Limited announced on Monday. The development period has been extended to July 24, 2021.

The company announced that the additional development may include ‘a hotel and related amenities,’ conditional upon government approvals and licences.

The shares of the company in the Hong Kong Stock Exchange rose 4.49 per cent to HK$22.10 at noon on Tuesday.