To:

Exhibit 4.29

To:

Melco PBL (Macau Peninsula) Limited, formerly known as Swift Profit Investments Limited (“Melco PBL”)
P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola
British Virgin Islands

Macau, 25 of January, 2007

Dear Sirs,

Re: Promissory Transfer of Shares Agreement dated 17 May 2006 (“AGREEMENT”) entered into between MELCO PBL as promissory buyer and we, (i.) DOUBLE MARGIN LIMITED, a company duly incorporated under the laws of the British Virgin Islands (“DOUBLE MARGIN”), (ii.) XXXXX ON KEI, aka XXXXXX XXXXX (“XXXXXX XXXXX”), as promissory sellers (“PROMISSORY SELLERS”), and (iii.) SOCIEDADE DE FOMENTO PREDIAL OMAR, LIMITADA, a company duly incorporated under the laws of Macau (“OMAR”), in relation to the Purchase of the entire issued share capital of OMAR.

We, DOUBLE MARGIN, XXXXXX XXXXX and XXXX refer to the AGREEMENT. For convenience, all words and expressions use in this letter have the same meaning as defined in the AGREEMENT, unless the contrary intention appears.

Under clause 6.1. of the AGREEMENT completion should take place on or before January 27, 2007, upon fulfilment of the conditions precedent set forth in the Recital (d) and the conditions for completion set forth in clauses 6.1.1. and 6.1.2. of the AGREEMENT.

We hereby inform that compliance with all the conditions above mentioned will not be fulfilled on or before January 27, 2007.

Therefore, we propose an extension of the date of completion, until July 27, 2007, and in case the aforesaid conditions remain unfulfilled by that date, then the completion date shall be further postponed if there is mutual agreement. The said postponement of the completion date shall not prejudice any of the rights and obligations of the PROMISSORY XXXXXXX, XXXX and MELCO PBL under the AGREEMENT, including but not limited to, all MELCO PBL’s rights under clauses 6.1.2 and 6.1.3 of the AGREEMENT.

Other than the postponement of the completion date operated by means of your acceptance of the terms and conditions of this letter, all other provisions of the AGREEMENT, including but not limited to, all the conditions precedent and conditions for completion, shall remain fully valid and in force.

Exhibit 4.29

Please sign the enclosed copy of this letter to signify your acceptance and agreement to the terms and conditions of this letter set out herein.

Yours faithfully,

Double Margin Limited

			)
SIGNED by Mr.			)			/s/ Xxx Xxx Keong
			)
in the presence of:-			)
			)			/s/ Xxxxxx Xxxxx

Xxxxx On Kei aka Xxxxxx Xxxxx			)
			)
signed in the presence of:-			)
			)

Sociedade de Fomento Predial Omar, Limitada			)
			)
SIGNED by Ms.			)
and Mr.			)
			)
in the presence of:-			)
Witness:			)

We hereby confirm our acceptance of and agreement to the terms and conditions of the letter set out above.

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Melco PBL (Macau Peninsula) Limited			)
			)
SIGNED by			)
			)
in the presence of:-			)
			)

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