Friday, March 29, 2024

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Melco merger with Studio City/Melco International would boost share price: Bernstein

Melco Resorts & Entertainment is the worst-performing amongst Macau’s gaming stocks year-to-date and a merger, either with parent Melco International Development or its Studio City unit would unlock value for shareholders, Bernstein said.

Melco International posts 9.7% 1H21 revenue increase, boosted by mass

Melco International Development Limited posted a net revenue increase of 9.7% to HK$8.43 billion for 1H21 based on gradual business recovery, particularly of the gaming mass market.

Melco Resorts teams with Marriott International to bring W Hotels to Studio City

Melco Resorts & Entertainment said it has teamed with Marriott International to bring a W Hotel to the second phase of Studio City's development, which is scheduled to open in December next year.

Daily Asia Gaming eBrief: Melco’s revenues rise 224% y-o-y in 4Q23

Melco Resorts & Entertainment witnessed a considerable increase in total operating revenues during the fourth quarter of 2023, reaching $1.09 billion. This bump was attributed to the improved performance across all gaming segments and non-gaming operations.

Melco and Wynn announce a bonus for employees

Macau gaming operator Melco Resorts & Entertainment has announced a one-month discretionary bonus that will be paid to all eligible non-management colleagues in Macau before the Chinese New Year.

Melco Resorts promotes the unique charm of Macau through “tourism + sports”

Melco Resorts & Entertainment continues to actively support the SAR government’s calls for Macau’s economic diversification, dynamically promoting the coordinated development of "tourism + sports" to contribute to the city's enhanced status as a world tourism and leisure center.

Your Daily Asia Gaming eBrief: Melco’s Cyprus bet brings Asian IR style to Europe

When Asia no longer proves as exciting, set your sights elsewhere. That's what Melco did with its property in Cyprus, with the group's President noting that it took its focus on high-end clientele and an Asian-inspired IR concept to sunnier shores.

Melco ready for 20 percent investment pledge increase, working with gov’t on diversification: CEO

The gaming operators and the Macau government share the same goals, despite delays in diversification plan discussions, the chairman and CEO of Melco Resorts & Entertainment, Lawrence Ho, indicated. The company is also ready to tackle a 20 percent investment pledge increase once GGR levels top $22.45 billion, says the executive.

Melco parent company sees $1.6 billion in revenue for 1H23

Melco International Development, a parent company of the Macau gaming concessionaire, has announced that it saw a 116.4 percent increase in revenue during the first half-year, reaching HK$13.04 billion ($1.66 billion), boosted by its new entertainment offerings.

Melco carries out cage-free egg policy

In cooperation with Lever Foundation to carry out its commitment to cage-free eggs, Melco Resorts & Entertainment, a developer, owner and operator of integrated resort facilities in Asia and Europe, has won praise for a new policy to source only cage-free eggs for all its operations in Macau and globally.