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Tag Archives: Melco Resorts & Entertainment

Macau – Melco continues path towards Studio City IPO

Macau operator Melco has confirmed it is making progress towards launching an Initial Public Offering of shares in Studio City, its cinema-themed casino resort on Cotai. Melco Resorts owns 60 per cent of Studio City with the rest being owned by New Cotai. Melco Resorts stated: “Studio City, the Hollywood-inspired, cinematically-themed integrated entertainment, retail and…

China – Crown Resorts leaves Macau market completely

Crown Resorts has now completely left the Macau casino sector, selling off its remaining shares in Melco Crown Entertainment. Crown said in a statement: “Crown Asia Investments has entered into an agreement with Melco Resorts & Entertainment for the repurchase of its remaining interest in Melco Resorts. Under the Repurchase Agreement, CAI has agreed to…