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Tag Archives: Melco

Lawrence Ho exclusive: the past, present and future of Macau

G3 discusses the past, present and future of Macau with Lawrence Ho, the Chairman and Chief Executive Officer of Melco Resorts & Entertainment, a developer, owner, and operator of integrated resort facilities in Asia and Europe. The company currently operates Altira Macau, Taipa, Macau and City of Dreams, in Cotai, Macau. Its business also includes…

Cyprus – Opening of City of Dreams Mediterranean delayed by a year

The Cyprus Gaming and Casino Supervision Commission has confirmed that the opening date of Melco Resorts’ €550m City of Dreams Mediterranean, will be delayed by almost a year until the second half of 2022 due to delays in its construction caused by the COVID-19 pandemic. Phidias Pilides, Vice President of the Cyprus Gaming and Casino…

Australia – Blackstone buys 9.9 per cent shareholding in Crown Resorts from Melco

US private equity investment company The Blackstone Group has bought a 9.9 per cent shareholding in Australian casino group in Crown Resorts from Melco Resorts & Entertainment for around $550m. Melco said the sale was ‘an opportunity for the group to realise its investment in Crown Resorts at a market price,’ and to ease financial…

China – Melco’s ‘strong financial performance in 2019’ leaves it ‘well-positioned’ to cope with COVID-19 outbreak

Macau operator Melco International Development has seen a 10.5 per cent rise in profit over the last year to HK$1.8bn (US$232.2m), making it confident its ‘strong financial performance in 2019’ will leave it ‘well-positioned’ to cope with the effects of the COVID-19 casino closures. Net revenues increased 10.5 per cent in 2019 to HK$45bn(US$5.81bn) with…

China – Melco smashes EBIDTA records as Macau’s mass gaming surges

Melco Resorts & Entertainment said a surge in mass table games helped it reach record EBITDA, record mass market table games drop and record slot machine handle in the third quarter of 2019. Overall revenue came in at US$1.44bn, up 16 per cent due to better performance in the rolling chip and mass market table…

Brazil – Melco meets with Brazilian Minister to discuss IR in Brazil

The Brazilian Minister for Tourism, Marcelo Álvaro António has met with Melco Resorts & Entertainment Group CEO Lawrence Ho Yau Lung and CEO Larry Ng in Macau in order to present the potential of Brazilian tourism. The meeting took place at the Morpheus Hotel part of the City of Dreams resort in Macau. Businessmen are…

US – Melco and Alphaslot to speak at GSA Technology Summit on Blockchain

The Gaming Standards Association (GSA) is set to welcome the industry to its first ever conference event: GSA Technology Summit – Focus on Blockchain. The event is scheduled for November 8-9, 2018 at the Nevada Museum of Art in Reno, Nev. GSA is pleased to announce Asian operator MELCO and manufacturer Alphaslot will participate and…

Cyprus – Melco’s temporary Cyprus casino exceeding expectations

Melco Resorts has revealed that Cyprus Casinos ‘C2, its temporary casino in Limassol has attracted over 175,000 customers and 13,000 registered members to its C2 Rewards Club loyalty programme, since its roulette wheels whirled into action on June 28. The operator hosted a series of festivities marking the official opening of the casino and celebrating…

China – Melco opens the doors to Morpheus

Melco Resorts has now opened Morpheus, the new, ultra-luxury hotel in Macau. Named after the god of dreams in Greek Mythology, this US$1.1bn iconic building is the latest addition to the Phase III development of City of Dreams Macau. Morpheus is the world’s first ever free-form exoskeleton high-rise architectural structure, designed by legendary architect the…