Melco International Development

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    Macau’s visitor tally for 2020 could see a year-on-year decline of over 90%, having already witnessed a decline of 87% in the first eight months, according to the Macau Government Tourism Organization.

    Manila casinos granted limited reopenings

    Melco International Development revealed on Friday that City of Dreams Manila had been granted a limited reopening from August 24, and that this policy applied to other casinos in the region as well. The company statement said, “On August 19, 2020, Metro Manila was placed under a General Community Quarantine and City of Dreams Manila […]
    Melco CEO Lawrence Ho

    Melco grants shares worth $19m to CEO Lawrence Ho

    Melco Resorts & Entertainment has granted restricted shares worth about $19.3 million to CEO Lawrence Ho, in part to preserve its cash position during the Covid-19 crisis.

    Melco International profits up 10.5 percent in 2019

    Melco International Development has reported that its profits were up by 10.5 percent to HK$1.8 billion (US$234 million) for the full year of 2019. Net revenues grew at the same pace, 10.5 percent, to HK$45 billion, and Adjusted EBITDA grew 15.1 percent to HK$12.5 billion. Chairman and CEO Lawrence Ho commented, “In 2019, we took […]

    Melco Intl Dev appoints independent non-exec director

    Melco International Development has announced the appointment of John Crawford, JP as an independent non-executive director of the company, as well as chairman of both the audit committee and nomination committee, and member of the corporate governance committee, with effect on Sept 13.  His appointment as a non-executive director (INED) ensures that the board achieves […]