Thursday, May 26, 2022

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Melco launches Super Fun Zone at Studio City

Melco Resorts & Entertainment has previewed its Super Fun Zone at Studio City. Expected to open at the end of June 2022, Super Fun...

Melco Resorts 1Q22 EBITDA falls short of expectations

Melco Resorts’ 1Q22 adjusted EBITDA fell short of analyst expectations, as Covid-19 travel restrictions continued to impact operational and financial performance of the company. 

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/Studio City added to list of companies at risk of U.S. delisting

Melco Resorts & Entertainment and Studio City International were added to a provisional list of 12 Chinese companies at risk of delisting in the U.S. due to non-compliance with the Holding Foreign Companies Accountable Act (HFCAA).

Melco introduces AI in City of Dreams Manila loyalty program, beating humans

Melco Resorts & Entertainment has deployed artificial intelligence to support its loyalty program at City of Dreams Manila and the technology has reportedly “eclipsed” human benchmarks.

Melco Resorts raises MOP3m in 1Q22 for local SMEs, NGOs

Melco Resorts & Entertainment has generated over MOP 3 million ($371,815) revenue for local small & medium enterprises (SMEs) in the first quarter of 2022 through its Heart of House roadshow series, benefitting 54 local SMEs and  NGOs.

Melco Resorts CEO Lawrence Ho gets $15.2m share incentive

Melco Resorts & Entertainment CEO Lawrence Ho has been granted restricted shares worth $15.2 million as part of the company’s employee incentive plan.

Melco Int. replaces share options after stock price collapse

Melco International Development said it was replacing its previously granted share options as the collapse in the group's share options means that the previous awards were not longer able to act as an incentive.

Wynn Macau/Melco apply to extend concession contract to December, to pay $5.8m

Wynn Macau has confirmed it had submitted its request for an extension of its gaming concession contract earlier in March, which has come at a cost of MOP 47 million.

Melco flags concerns over Ukraine/Russia conflict

Melco International Development has flagged concerns over the recent military conflict between Russia and Ukraine, which it says may impact the company’s business in Cyprus and the wider group.