Melco Philippines begins road show


Melco Crown (Philippines) Resorts Corp. began a road show to raise up to $377 million through the private placement of new shares. The unit of Melco Crown Entertainment Ltd. is seeking to fetch a price of 11 to 14 pesos a share (27-34 cents) as it meets with investors in Manila, Hong Kong, Singapore and the US to fund its share of the cost of developing the $1.3 billion Belle Grande Manila Bay casino hotel with Belle Corp.