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Tag Archives: Melco International

China – Melco’s non-gaming Guangdong resort could strengthen its Macau licence

Brokerage firm Sanford C. Bernstein believes Melco Resorts will receive a boost from Melco International’s non-gaming resort in Zhongshan, a city close to Macau, in Guangdong province, as it ties in with the Chinese government’s wish for gaming company’s to diversify their offerings. The Zhongshan resort will include hotels, restaurants and theme parks. and should…

China – Melco to develop Guangdong resort as ‘gateway for global tourism into China’

Although it won’t be offering a gaming element, Melco International has, in partnership with Agile Group, has successfully tendered for a mixed use site at Zhongshan, Guangdong province in China with a resort that will include hotels, theme parks and restaurants. The two companies plan to develop a premium residential, entertainment and hospitality mixed-use complex….

Hong Kong – Stanley Ho, the man who built Macau’s casino sector, dies aged 98

Stanley Ho, the man who built the Macau casino industry, has died at the age of 98 at the Hong Kong Sanatorium Hospital. Mr. Ho founded SJM Holdings, valued at around $6bn, and held a monopoly for casino gaming in Macau until 2002 when the enclave licensed five other operators to operate casinos. Stanley Ho’s…

Cyprus – Melco confirms City of Dreams Mediterranean will open in 2021

Melco International has confirmed that the Cyprus Integrated Resort, destined to be the largest in Europe, will be called City of Dreams Mediterranean, utilising the branding that has proved so popular in Macau and the Philippines. The news was confirmed by the Integrated Casino Resorts Cyprus Consortium, comprising Melco International and The Cyprus Phassouri at…

Cyprus – Greek Cypriots could see first casino open in July

Southern Cyprus could see its first casino this summer with the Melco International/HardRock planning to operate a series of small, satellite casinos by July of this year. Whilst the consortium will be opening a temporary in Limassol in October 2017 and a permanent venue to be built on land next to My Mall at Zakaki…

China – Melco Crown to drop Crown from its name

Melco Crown Entertainment has said it will drop Crown from its name after Melco International took a controlling interest by buying shares from Crown Resorts. A spokesperson at Melco said it was ‘looking forward to a new corporate entity unveiling this new chapter of the company.’ Melco agreed to buy 198,000,000 ordinary shares or 13.42…

Cyprus – Melco International left as stand-alone bidder in Cyprus

Macau-based operator Melco International is now the only operator left in the race for the Cypriot casino concession following a decision by Cambodia operator NagaCorp to pull out of the bidding process. NagaCorp, the operator of Phnom Penh’s NagaWorld casino, said in a filing to the Hong Kong Stock Exchange: “After careful review and given…

Cyprus – Only Melco/Hard Rock have secured land for Cyprus casino

Reports out of Cyprus suggest that the three horse race to land a casino licence could soon be whittled down to just one. Two of the bidders are struggling to secure land for their projects with government officials claiming that having extended the deadline for the current final stage round once already, the government is…

Spain – BCN World bidders place deposits for new mega resort in Spain

Hard Rock, Melco and Peralada the three companies interested in the leisure and entertainment complex BCN World in Catalonia have deposited a bond of €2.5m each committing to buy land where the hotels, casinos and shopping areas will be built. Representatives of the three groups met last Friday with the President of Catalonia, Carles Puigdemont…