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Melco Crown Entertainment to take its brand into global, high-end hotels

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Lawrence Ho, 39, Melco Crown Entertainment chairman, plans to debut the company's first hotel, Morpheus in Macau's Cotai strip in 2018. He is also eyeing projects in Japan and elsewhere in Asia.

Hong Kong

MELCO Crown Entertainment Ltd's billionaire chairman said he wants to be the first resort operator to use Macau as the launchpad for a global hotel brand, beginning with a US$1 billion project in the the world's biggest gambling centre, with ambitions to expand to Japan and