Good Morning. Melco continues to aim for luxury, with the opening of its latest non-gaming offering, W Hotel at Studio City, aiming to further the group’s focus on higher-end clientele. The group’s CEO expressed confidence that its buildout will allow the company to absorb a potential 20 percent increase in its investment pledge, mandated if GGR levels pass $22.45 billion. Meanwhile, analysts at Deutsche Bank say Macau is seeing healthy market trends, despite lower player spend compared to 2019.

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Melco able to handle potential 20 percent investment increase: CEO

The Chairman and CEO of Macau gaming operator Melco says that the group is well-positioned to handle the possible 20 percent investment pledge increase if Macau’s GGR levels top $22.45 billion. Speaking at the opening of the W Hotel, the latest non-gaming offering at Studio City, Lawrence Ho noted that operators are working hand-in-hand with government on their investment plans, despite delays caused due to mandated changes in the specifics of each operator’s pledges.

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1xBet was founded in 2007 and started accepting bets online in 2010. Over the years, 1xBet has become a key player in the sports betting industry and is now one of the top three most visited betting websites.

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