HomeNewsMacauMelco Intl. grants $10m in shares to Lawrence Ho

Melco Intl. grants $10m in shares to Lawrence Ho

April 8, 2021

Melco International Development said it has granted restricted shares worth just over $10 million to Chairman and CEO Lawrence Ho as an incentive to strive for the improvement of the business.

The 484,956 American Depositary Receipts will be vested in two tranches. Melco is the parent company of Melco Resorts & Entertainment, which operates two IRs in Macau, one in the Philippines and is developing a property on Cyprus.

Company filing

Tags
Asia
Bricks & Mortar
gambling
latest news
management incentives
share bonus

AGBrief Editorial https://agbrief.com/about-asia-gaming-brief/

The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.