SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No.         )*

 

 

 

 

Melco PBL Entertainment (Macau) Limited

(Name of Issuer)

 

 

Ordinary Shares, par value US$0.01 per share

(Title of Class of Securities)

 

 

G5974W 10 3

(CUSIP Number)

 

 

December 31, 2007

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

SEC 1745 (3-06)

 

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CUSIP No. G5974W 10 3

 

  1.  

Names of Reporting Persons:

I.R.S. Identification Nos. of above persons (entities only).

 

            Melco International Development Limited – Not applicable

    
  2.  

Check the Appropriate Box if a Member of a Group (see Item 8 below)

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Hong Kong

    

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  

  5.    Sole Voting Power

 

500,000,000 (Melco Leisure and Entertainment Group Limited may also be deemed to have sole voting power with respect to these shares)

 

  6.    Shared Voting Power

 

            510,746,156 (including shares disclaimed, see Item 4 below)

 

  7.    Sole Dispositive Power

 

500,000,000 (Melco Leisure and Entertainment Group Limited may also be deemed to have sole dispositive power with respect to these shares)

 

  8.    Shared Dispositive Power

 

            510,746,156 (including shares disclaimed, see Item 4 below)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            510,746,156

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

  

x

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            38.7%

    
12.  

Type of Reporting Person (See Instructions)

 

            HC, CO

    

 

2

CUSIP No. G5974W 10 3

 

  1.  

Names of Reporting Persons:

I.R.S. Identification Nos. of above persons (entities only).

 

            Melco Leisure and Entertainment Group Limited – Not applicable

    
  2.  

Check the Appropriate Box if a Member of a Group (see Item 8 below)

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            British Virgin Islands

    

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  

  5.    Sole Voting Power

 

500,000,000 (Melco International Development Limited may also be deemed to have sole voting power with respect to these shares)

 

  6.    Shared Voting Power

 

            510,746,156 (including shares disclaimed, see Item 4 below)

 

  7.    Sole Dispositive Power

 

500,000,000 (Melco International Development Limited may also be deemed to have sole dispositive power with respect to these shares)

 

  8.    Shared Dispositive Power

 

            510,746,156 (including shares disclaimed, see Item 4 below)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            510,746,156

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

  

x

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            38.7%

    
12.  

Type of Reporting Person

 

            CO

    

 

3

CUSIP No. G5974W 10 3

 

  1.  

Names of Reporting Persons:

I.R.S. Identification Nos. of above persons (entities only).

 

            Melco PBL SPV Limited – Not applicable

    
  2.  

Check the Appropriate Box if a Member of a Group (see Item 8 below)

(a)  x

(b)  ¨

    
  3.  

SEC Use Only

 

    
  4.  

Citizenship or Place of Organization

 

            Cayman Islands

    

 

Number of  

Shares  

Beneficially  

Owned by  

Each  

Reporting  

Person  

With  

 

  

  5.    Sole Voting Power

 

            0

 

  6.    Shared Voting Power

 

10,746,156 (representing shares jointly controlled by Melco Leisure and Entertainment Group Limited and PBL Asia Investments Limited, see Item 4 below)

 

  7.    Sole Dispositive Power

 

            0

 

  8.    Shared Dispositive Power

 

10,746,156 (representing shares jointly controlled by Melco Leisure and Entertainment Group Limited and PBL Asia Investments Limited, see Item 4 below)

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            10,746,156

    
10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 

  

¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

            0.8%

    
12.  

Type of Reporting Person

 

            CO

    

 

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Item 1  

(a)

    Name of Issuer:      
     Melco PBL Entertainment (Macau) Limited      
Item 1  

(b)

    Address of Issuer’s Principal Executive Offices:      
    

36th Floor, The Centrium

60 Wyndham Street

Central

Hong Kong

      
Item 2  

(a)

    Name of Person Filing:      
    

Melco International Development Limited (“Melco”)

 

Melco Leisure and Entertainment Group Limited (“Melco Leisure”)

 

Melco PBL SPV Limited (“SPV”)

      
Item 2  

(b)

    Address or Principal Business Office or, if None, Residence:      
    

Melco International Development Limited

38th Floor, The Centrium

60 Wyndham Street

Central

Hong Kong

 

Melco Leisure and Entertainment Group Limited

38th Floor, The Centrium

60 Wyndham Street

Central

Hong Kong

 

Melco PBL SPV Limited

Walker House

87 Mary Street

George Town

Grand Cayman KY1-9002

      
Item 2  

(c)

    Citizenship:      
    

Melco – Hong Kong

 

Melco Leisure – British Virgin Islands

 

SPV – Cayman Islands

      
Item 2  

(d)

    Title of Class of Securities:      
     Ordinary Shares (the “Ordinary Shares”)      
Item 2  

(e)

    CUSIP Number:      
     The CUSIP number for the Ordinary Shares is G5974W 10 3. The CUSIP number for the Issuer’s American depositary shares, each representing three Ordinary Shares, is 585464 10 0.      
Item 3.   Not Applicable   

 

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Item 4.    Ownership:      
   The following sets forth the information with respect to the beneficial ownership of the Ordinary Shares by the Reporting Person as of December 31, 2007.      

 

Reporting Person

    Amount
Beneficially
Owned		    Percentage of
Class (1)		     Sole power to
vote or direct
the vote		    Shared Power
to Vote or to
direct the vote		     Sole power to
dispose or to
direct the
disposition of		    Shared power
to dispose or
to direct the
disposition of		  

Melco

    510,746,156    38.7 %   500,000,000    510,746,156 *†   500,000,000    510,746,156 *†

Melco Leisure

    510,746,156    38.7 %   500,000,000    510,746,156 *†   500,000,000    510,746,156 *†

SPV

    10,746,156    0.8 %   0    10,746,156 †   0    10,746,156 †

 

(1)

Percent of class calculated based on 1,320,938,903.6 Ordinary Shares outstanding as of December 31, 2007.

Melco Leisure is the record holder of 500,000,000 Ordinary Shares. Melco Leisure is a wholly owned subsidiary of Melco. Melco, through its ownership of Melco Leisure, may be deemed, for the purposes of Rule 13d-3 under the Act, to beneficially own all of the Ordinary Shares held by Melco Leisure. Melco is listed on the Main Board of the Hong Kong Stock Exchange.

 

* On December 12, 2007, the Issuer, Melco Leisure, Melco, PBL Asia Investments Limited (“PBL Asia”), a Cayman Islands company, and Crown Limited (“Crown”), an Australian company, entered into an amended and restated shareholders’ deed (the “Shareholders’ Deed”). See Exhibit 2 to this Schedule 13G. Pursuant to the Shareholders’ Deed, Melco Leisure and Melco, on the one hand, agreed with PBL Asia and Crown, on the other hand, on voting shares for board nominees and certain matters relating to disposal of shares, which agreements may cause Melco Leisure and Melco to be deemed to share voting and dispositive power over 500,000,000 Ordinary Shares beneficially owned by PBL Asia and Crown for the purposes of Rule 13d-3 under the Act. Each of Melco Leisure and Melco expressly disclaims beneficial ownership of any Ordinary Shares held by PBL Asia and Crown pursuant to Rule 13d-4 under the Act, and the filing of this statement shall in no way be construed as an admission that either Melco Leisure or Melco is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of such Ordinary Shares.

 

† Pursuant to the Shareholders’ Deed Relating to Melco PBL SPV Limited (“SPV Shareholders’ Deed”), which is dated as of July 30, 2007 and attached hereto as Exhibit 3, SPV, a special purpose vehicle, is owned 50% by Melco Leisure (a wholly owned subsidiary of Melco) and 50% by PBL Asia (a direct and wholly owned subsidiary of Crown Entertainment Group Holdings Proprietary Limited (“Crown Entertainment”), an Australian company, and an indirect and wholly owned subsidiary of Crown). The voting and dispositive power over 10,746,156 Ordinary Shares beneficially owned by SPV is jointly shared by Melco Leisure and Melco on the one hand, and PBL Asia, Crown Entertainment and Crown, on the other.

See also Item 8 below.

Item 5.    Ownership of Five Percent or Less of a Class.   
   Not applicable.   
Item 6.    Ownership of More Than Five Percent on Behalf of Another Person.      
   Not applicable.      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   Not applicable.
Item 8.    Identification and Classification of Members of the Group.      
  

Pursuant to the Shareholders’ Deed, Melco Leisure and Melco, on the one hand, agreed with PBL Asia and Crown, on the other hand, on voting shares for board nominees and certain matters relating to disposal of shares, which agreements may cause the parties to be deemed to constitute a group within the meaning of Section 13(d)(3) of the Act. The existence of such group may cause either or both Melco Leisure and Melco to be deemed the beneficial owner of 500,000,000 Ordinary Shares beneficially owned by PBL Asia and Crown for the purposes of Rule 13d-5 under the Act. Each of Melco Leisure and Melco acknowledges the potential attribution of Ordinary Shares beneficially owned by PBL Asia and Crown but expressly disclaims beneficial ownership of any such Ordinary Shares, and the filing of this statement shall in no way be construed as an admission that either Melco Leisure or Melco is, for purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of such Ordinary Shares. Neither PBL Asia Investments Limited nor Crown Limited is a reporting person on this statement.

 

Because, pursuant to the SPV Shareholders’ Deed, the SPV is owned 50% by Melco Leisure (a direct and wholly owned subsidiary of Melco) and 50% by PBL Asia (a direct and wholly owned subsidiary of Crown Entertainment and an indirect and wholly owned subsidiary of Crown), SPV, Melco Leisure and Melco on the one hand, and SPV, PBL Asia, Crown Entertainment and Crown on the other, may be deemed to constitute a group within the meaning of Section 13(d)(3).

      
Item 9.    Notice of Dissolution of Group.      
   Not applicable.      
Item 10.    Certifications.      
   Not applicable.      

 

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Signature.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 12, 2008

 

For and on Behalf of
MELCO INTERNATIONAL DEVELOPMENT LIMITED
By:  

/s/ Frank Tsui

Name:   Frank Tsui
Title:   Director
For and on Behalf of
MELCO LEISURE AND ENTERTAINMENT GROUP LIMITED
By:  

/s/ Frank Tsui

Name:   Frank Tsui
Title:   Director
For and on Behalf of
MELCO PBL SPV LIMITED
By:  

/s/ John Wang

Name:   John Wang
Title:   Director

 

7

EXHIBIT INDEX

 

Exhibit No.

   

Description

1.†    Agreement with respect to filing of Schedule 13G, dated as of February 14, 2007, between Melco International Development Limited and Melco Leisure and Entertainment Group Limited
2.    Amended and Restated Shareholders’ Deed Relating to Melco PBL Entertainment (Macau) Limited
3.    Shareholders’ Deed Relating to Melco PBL SPV Limited

 

† Previously filed as Exhibit 1 to Reporting Persons’ Schedule 13G (File No. 005-82571).

 

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