Melco Crown (Philippines) Resorts is looking to drop “Crown” from its name as part of a corporate rebranding.
The company, which was set up by Melco Crown to take part in the operation of City of Dreams Manila made the announcement in a filing to the Philippines Stock Exchange on Thursday.
The operator additionally announced its plan to reduce the number of directors from nine to seven.
“The change in the corporate name is part of the Corporation’s rebranding, while the reduction in board size is in order to enhance the Board’s effectiveness in conducting its business and to allow more participation of the independent directors,” said the company.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Hyatt Hotels Corporation has announced the opening of the 1,600-room Grand Hyatt Jeju in South Korea, the largest Hyatt hotel in Asia Pacific. This hotel is part of the Jeju Dream Tower which opened on Friday.
Galaxy Entertainment Group told Macau News Agency that recent wage dispute involving workers employed at its Cotai expansion projects, originated from fee disputes between the workers and mainland employment agencies.
MGM Resorts has thrown its cards into the online gaming ring, with an attempt to buy U.K.-listed Entertain for GBP11.3 billion ($15.4 billion), which may reshape the group and reduce its focus on Asia in the longer term.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.