Melco Resorts & Entertainment Limited is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated entertainment, retail and gaming resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
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Denise Chen
Denise Chen is the chief sustainability officer at Melco Resorts & Entertainment. The group is committed to being carbon neutral and having zero waste at its resorts by 2030.
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Melco required to share privileged documents in NSW probe
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Melco gains award for its environmental policies
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Melco allowed to keep certain documents secret in Crown inquiry
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Altira Macau becomes latest hotel to suspend operations
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Melco recognized for efforts in combating climate change
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Crown sale of shares to Melco facing accusations of regulatory breach
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Studio City to continue VIP operations until Jan 2021
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Melco boasts the highest number of Michelin-stars
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Lawrence Ho: Melco’s growth strategy in Macau validated
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Melco, MGM announce anniversary bonuses
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Melco Promotes Sustainable Seafood Policies
Melco Resorts & Entertainment vows to purchase seafood from sustainable business, explaining that “healthy and productive oceans are important for both marine ecosystems and the communities that rely on them for their livelihood.”
Diversification to “future proof” Melco: MS
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Melco reshuffles ownership of Cyprus IR
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Morpheus wins Prix Versailles architecture and design award
Melco Resorts & Entertainment’s new Morpheus hotel has become the first in Macau to win a Prix Versailles regional award for design and architecture.
Melco’s IR focus on “giving world a lot of Japan”
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Melco buys A330 to add to fleet, MNA reports
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Crown acquisition will help Japan bid: Lawrence Ho
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NSW regulator to study Crown Sydney after Melco buy in
The gambling regulator in New South Wales plans to review its 2014 approval for Crown Resorts to build a six-star property in Barangaroo, Sydney, after Macau’s Melco Resorts & Entertainment bought a 19.9 percent stake in the Australian operator, Reuters reports.
Melco to delay opening City of Dreams Mediterranean
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Melco agrees to buy $1.75b Crown stake
Melco Resorts & Entertainment said it agreed to buy an almost 20 percent stake in Crown Resorts for A$1.75 billion ($1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.
Video: AGB Nippon’s Full Interview with Lawrence Ho
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Philippine GGR up 17.4 percent in Q1
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Lawrence Ho steals the show at Japan Gaming Congress
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho came ready for action on the first day of the Japan Gaming Congress, announcing that his firm would dramatically raise the global standard of IR industry, and presenting a stunning array of visual demonstrations of his “City of the Future” concept for the Osaka Yumeshima site.
Melco Q1 revenue gains 4 percent on Macau mass market
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Melco receives workplace accolade
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Studio City shareholder files for bankruptcy
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No definite plans for CoD expansion, Premium Leisure says
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CoD Manila eyes expansion opportunities
Premium Leisure Corp Chairman Willy Ocier says the companies involved in the City of Dreams Manila are considering opening a second property at a different location, The Philippine Star reports.
Melco wins Gold Award for Best in Mass Recruitment
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Melco Resorts announces pricing of senior notes offering
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Melco launches sustainability strategy “Above & Beyond”
Casino operator Melco Resorts & Entertainment has announced the implementation of a new sustainability strategy – “Above and Beyond”, across its properties. According to a filing on Monday, the sustainability strategy has four key goals to be met by 2030, with measures relating to environmental sustainability, responsible gaming, employee and community engagement as well as […]
Macau Q1 earnings likely to surprise to the downside: MS
The earnings of Macau’s six operators may produce some negative surprises amidst higher staff costs, higher reinvestment rates and slowing revenue growth, Morgan Stanley forecasts.
Melco board grants Ho $9.99m in shares
Melco Resorts & Entertainment said its board had agreed to grant restricted shares amounting to about 0.09 percent of the group’s share capital to its chairman and CEO Lawrence Ho. Ho will receive 409,076 American depositary shares, which are equivalent to 1,227,228 Melco shares under a share incentive plan. The shares are not transferable and […]
Macau IR operators participate in green week
Macau’s casino operators spared no expense raising awareness around green initiatives during the city’s annual “Green Week”, held last week in Macau. The Green Week was also the home of the 2019 edition of the Macao International Environmental Co-operation Forum and Exhibition (2019MIECF), a forum discussing ecological civilization, green finance, water resources, and marine pollution, […]
Melco results hit by lower VIP
Melco Resorts & Entertainment posted lower revenue and profit for Q3, hurt in part by a decline in VIP gross gambling revenue across all its properties.
eSports stadium “key component” for Melco IR
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Melco recognized in Forbes Travel Guide 2018
Melco Resorts & Entertainment Ltd has been recognized in the “Forbes Travel Guide 2018 World’s Most Luxurious Hotels” and “Forbes Travel Guide 2018 World’s Most Luxurious Spas”, with three hotels and two spas under the Melco brand garnering the prestigious recognition. The publication has named Macau as a top global destination which features the biggest […]
Melco marks official launch of green fleet
Melco Resorts & Entertainment marked the official launch Wednesday of a fleet of 20 zero-emission electric buses, which it claims is the largest in Macau.
Twelve firms submit Yokohama IR information
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Melco wins four Green Key Awards
Melco Resorts & Entertainment said it is the first in Macau to win four Green Key Awards, recognizing excellence in sustainability in its hotels.
Melco facing near term headwinds, but undervalued
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Operators mobilize staff for typhoon clean up
Macau’s operators announced Monday they were mobilizing staff to help with the cleanup efforts after Typhoon Mangkhut, which swept through the territory at the weekend forcing the closure of casinos for the first time since concessions were granted in 2002.
Melco appoints real estate finance expert as non-exec director
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Melco Intl profit up 154.1 percent
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Melco announces benefits program for Macau employees
Melco Resorts has announced it will be launching a new pension fund plan and bonus scheme for its non-management staff. Under the new scheme, Melco will match employee contributions of up to 5 percent of base salary into their mandatory centralized provident fund. The company has also promised to award a one-time special gift of […]
Studio City prepping for IPO
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Melco staff organize protest for better wages, bonuses
Melco gaming staff gathered on the weekend outside City of Dreams in Macau, demanding better wages and bonuses in line with other operators, Macau TDM reports. The New Macau Gaming Staff Rights Association, which led the protest, said there were 3,000 people joining the demonstration. The Public Security Police said there were 850 participants at […]
Studio City targets younger audience with e-sports venue
Melco Resorts & Entertainment on Tuesday launched Macau’s first e-sports venue at its Studio City property, which it hopes will attract a younger generation of players to Macau.
Melco recognized for CSR efforts
Melco has won an Outstanding Corporate Social Responsibility award at the 7th Cross-Strait-Four-Region Outstanding CSR Awards organized by the Mirror Post of Hong Kong. Melco garnered the accolade among regional organizational entries from China, Hong Kong, Macau and Taiwan based on its commitment to shareholders and clients, community relations, employee care, leadership and environmental sustainability […]
Melco Q2 hit by bad luck; COD Manila and Altira drive performance
Melco Resorts & Entertainment reported an 8 percent gain in adjusted property EBITDA driven by its City of Dreams Manila and Altira properties, though overall revenue fell after a change in accounting practices.
Melco Cyprus facility picks up steam
Melco’s new temporary casino facility in Cyprus appears to be picking up momentum after a sluggish first week, according to the property president of City of Dreams Mediterranean. Speaking to Cyprus Mail, Craig Ballantyne said the first three weeks of operation has seen over 34,000 visitors from 41 different countries, with 6,000 visitors registering for […]
Melco initiates onsite safety training with DSAL
Melco has launched its first on-site Hotel and Catering Safety Card Training with Labour Affairs Bureau (DSAL), the first of its kind in Macau. The full day program, attended by 53 Melco employees from various departments covered Occupational Safety and Health (OSH) topics relevant to the hotel and catering industry including workplace accident prevention, manual […]
Cyprus first week a rollercoaster ride: Ballantyne
The opening of Melco’s new Cyprus temporary casino was below expectation, and the casino’s property president said local competition is to blame, Cyprus Mail reports. City of Dreams Mediterranean property president Craig Ballantyne said around 7,000 unique guests have visited the property so far, with over 4,000 joining the casino rewards program. “There were a […]
Melco dealers claim miscalculated retirement fund contribution
Dealers from Melco Resorts have submitted a petition to the Labor Affairs Bureau claiming the company has miscalculated their provident fund, or retirement fund contribution, local media reports. According to the New Macau Gaming Staff Rights Association, around 1,933 signatures have been collected – with claims that the operator has been calculating the funds based […]
Macau stocks fall on June GGR results
Macau’s casino operators saw their stocks tumble on Monday after weaker-than-expected Macau gaming revenue reported for the month of June. June GGR came in 12.5 percent year-on-year growth, down from the 18-20 percent expected by analysts. Shares of Melco Resorts was one of the hardest hit, falling 9.6 percent to their lowest level in 2018. […]
Will nightclubs make Asia’s non-gaming revenue dance?
Marina Bay Sands is bringing one of the world’s top nightclub brands to Singapore next year, becoming the latest of the region’s major IRs to add clubbing to the entertainment mix in the hope of duplicating the success of Las Vegas’ vibrant night scene. The property, which is owned by Las Vegas Sands, is teaming […]
June GGR tracking around 20 percent as mass picks up: MS
Macau’s gross gambling revenue is tracking for a 20 percent gain in June, helped the opening of Melco Resorts & Entertainment’s Morpheus Hotel and the Dragon Boat festival, Morgan Stanley said in a note.
Ho confident of more table game allocation next year
Melco’s Lawrence Ho is confident his company will be granted more new-to-market gaming tables next year, TDM News reports. The company’s newest hotel tower, Morpheus, officially opened its doors on Friday after receiving its hotel and gaming license on Thursday. The 770-room hotel opened with 40 gaming tables transferred from other Melco properties, however, Ho […]
Melco sponsors responsible gaming video
Melco Resorts & Entertainment has sponsored a public service video to reinforce responsible gaming culture to be shown on Macau television.
Melco Cyprus temporary casino to open June 28
On Friday, Melco International Development held a ceremonial groundbreaking of City of Dreams Mediterranean, with expectations that the project’s first phase will open by 2021. Melco executives, including CEO Lawrence Ho assembled on the plot of land in Limassol, along with Cypriot president Nicos Anastasiades and Melis Shiakolas, CEO of Melco’s local partner CNS Group. […]
Are slots finally gaining a foothold in Macau?
The latest financial results from Macau’s operators showed a healthy increase in slot machine revenue, indicating that a mix of product innovation, evolving customer preferences and new capacity are beginning to help them gain traction. According to figures from Macau’s Gaming Inspection and Coordination Bureau (DICJ), GGR from slot machines in the enclave was MOP […]
Environmental group condemns Melco Cyprus project
An animal protection organization has expressed their outrage over the Melco Cyprus casino project, which they claim has gone ahead without any assessment in the impact of the environment and wildlife. According to a media statement from BirdLife Cyprus, the organization claims that the Akrotiri Peninsula, which the Zakaki Casino will be located, is home […]
Japan IR revenues unlikely to reach Macau levels: Ho
Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a $10 billion plus resort” in either the Kansai or Kanto regions of the country.
Ho open to partnering with Packer again
During an interview with CNBC’s Christine Tan, Melco Resorts chairman and CEO Lawrence Ho said he “wouldn’t hesitate” to partner with Australian gaming mogul James Packer again should the opportunity arise. The partnership between Melco and Crown, known at the time as Melco Crown Entertainment, ended in May 2017, with Crown exiting its position in […]
Sands, Melco, Galaxy to benefit most from rise of premium market
Macau gaming operators Sands, Melco and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research. The brokerage published its latest report, titled “China Consumer: Where to Play, How to Win… Premium is the New Mainstream,” on Friday, covering the latest trends in premium mass spending, preferences […]
PLC in talks to acquire shares in Melco PH unit
Premium Leisure Corp is reportedly in “preliminary discussions” with Melco Resorts & Entertainment in order to acquire shares in Melco’s local operating unit which runs City of Dreams Manila. The announcement was made on Friday by Melco Resorts and Entertainment (Philippines) Corporation to the Philippine Stock Exchange. Currently, Premium Leisure Corp has an operating agreement […]
Melco’s Morpheus to open June 15
Melco’s newest development, Morpheus, is set to open on June 15, 2018, according to an announcement from Lawrence Ho, chairman and CEO of Melco. Mr. Ho was speaking at a sneak-peak media press briefing at the Grand Hyatt in Macau on Tuesday, followed by a media tour. The $1.1 billion hotel tower is best known […]
Ho unveils cutting-edge concepts for Macau IRs
Melco Resorts & Entertainment CEO Lawrence Ho says its Hollywood-themed Studio City resort will be ramping up its entertainment offerings in an “insane” way as part of the group’s determination to be at the cutting edge and stand out from other IRs.
Operators improve maternity/paternity benefits
Melco Resorts & Entertainment, Sands China, MGM China and SJM Holdings have improved maternity and paternity leave benefits for employees. At Melco, paid maternity leave will be extended from 8 weeks to 10 weeks from June 1st, while paid paternity leave will go from 3 (or 24 hours) to 5 days (or 40 hours) for […]
Morpheus casino won’t use junkets: Lawrence Ho
Melco’s new $1.1 billion hotel tower will not be using junkets to lure in Asian high rollers to its casino, chairman and CEO Lawrence Ho told Reuters. “Eventually it’s much better to develop your own database than rely on junkets,” said Ho on Friday. The new 160-meter tall hotel tower, Morpheus, will be located at […]
Melco’s meta-Morpheus
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Melco Q1 revenue gains 3 percent
Melco Resorts & Entertainment posted a 3 percent increase in Q1 revenue, driven by Studio City and Altira.
Macau operators make CSR push amidst coronavirus crisis
As the Covid-19 crisis descended upon, first, China, then the world, the six Macau operators have not been idle in their CSR efforts, in spite of the mandated casino closures and reopenings under difficult economic conditions.
Melco bets on blockchain in innovation drive
Melco Resorts & Entertainment is increasingly bullish on the disruptive impact of blockchain technology on the casino floor, with projects already live and more in the pipeline.
Macau’s CSR drive – with one eye on Beijing?
Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.
Melco, MGM outshine peers in Q3
Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.
Yokohama bid holds promise and perils
Yokohama Mayor Fumiko Hayashi's announcement that her government would make an IR bid reshaped the licensing race in a way that few other events have done.
Crown probes to focus on probity, though major hurdles unlikely
Australian regulators are likely to focus on probity issues in their investigations into Crown Resorts’ operations, although experts don’t expect any major red flags to be raised.
Casino firms not hitched to social capital bandwagon
There is a growing trend towards businesses founded on the premise of social capital, though despite their enormous profits, most casino firms have yet to sign on.
Asia’s IRs power up green initiatives
As concern mounts about the global environment, many of Asia’s giant IRs are taking significant steps to minimise their impact, investing heavily in green technologies and other waste control initiatives.
Bright future seen for gaming growth
Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.
A bridge too far?
One month on from the opening of the Hong Kong–Zhuhai–Macau Bridge (HZMB), Macau’s casino sector is weighing up its immediate impact and how it is likely to affect operations in the longer term.
No clarity in casino concession countdown
The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.
Trade war creates headwinds for Macau gaming stocks
Macau gaming stocks are feeling the heat from the trade war between the U.S. and China, falling to their lowest levels in a year, with some analysts cutting their growth forecasts on concern for a slowdown in China’s economy.
Operators woo Japan local governments
The season has come for the sixteen or seventeen interested IR operators to concretely develop their strategies to woo local governments and to position themselves to be chosen as partners.
Operators eye innovation as retail pops
Alongside a rebound in gross gaming revenue, Macau is enjoying a boom in retail sales, with operators seeking to drive further growth through innovative concepts, such as pop-up shops and retail cafes.
