Melco Crown Entertainment and Melco International Development CEO Lawrence Ho has made a payment that has shocked many industry investors.
Ho is not showing off! He wants to get the best of his business. The only way he can do that is by getting a good space in NYC.
He has paid $65, 163, 580 in order to acquire a unit in the top floor of what is considered the tallest skyscraper that is made for residence in the Western world.
According to Ho, getting space at 432 Park Avenue will not only help him serve his clients better but also aid in making real money online casino gambling sites a true goldmine.
After struggling for many years to get such a space, Ho said that this is a major step in his recent endeavors. He confirmed that he now has ample space for his head.
Some of Ho’s development projects include Studio City, City of Dreams, a magnificent gaming complex that is established in Manila, Philippines, Altira Casino resorts that are strategically established in Macau and Crown Resorts among other ventures.
Public reality records indicate that $65.2 million was actually given by a company called Valor Dragon Limited. Close sources to Ho say that VDL is a holdings business company Lawrence uses whenever he engages in international transactions.
Whether that is true or not, one thing is certain: Lawrence Ho finally paid $65.2 million and he now owns a single unity for resident that has number 83 as its identification.
However, no one knows hitherto if the number means the floor number in which Ho purchased the unit.
The unit that Ho purchased has six baths, six bedrooms, and has about 8, 000 square feet that is meant for a living space. 432 Park Avenue, where Ho purchased the unit, has 85 floors.
According to municipal records, 432 Park Avenue was open to the public use two years ago in 2015 having cost $1.25 billion in construction alone.
The skyscraper has 104 condominiums. Each of them comes with a doorman.
Even as Ho purchases a space to put his head at the end of the day, there is much activity in Melco Crown. It is said that before the end of 2017, Melco Crown, which is currently working towards rebranding, will unveil a brand name for the business.
In recent months, Melco Resorts has not had much involvement in the partnership, with reports indicating that James Packer sold more than $1 billion of the company’s shares a year ago in 2016.