Melco ready for push into Japan, Ho Says

Melco Crown Chief Executive Lawrence Ho says the company is fielding enquiries from major companies about partnering on potential projects in Japan, ahead of a vote on legalizing casinos in the country. “This is the closest Japan has ever gotten to liberalizing gaming markets,” he said after the release of the company’s results.  

Summit Ascent Holdings Ltd, in which Ho has a controlling 36.81 percent stake, announced to the HK Stock Exchange that it has paid $9.02 million for 46 percent of Oriental Regent Ltd.  The remaining shares in Oriental Regent are owned by Elegant City (30 percent), Filrich (19 percent) and New Crescent (5 percent).