Tag Archives: Lawrence Ho
- Lawrence Ho slams Crown for aggressive China marketing
May 31, 2017
Macau casino boss Lawrence Ho has criticized his former joint venture partner James Packer’s company Crown Resorts for its aggressive marketing to high-rolling gamblers in China. In an interview with the Financial Times published late Tuesday, the Melco Resorts & Entertainment CEO said the 18 Crown staffers arrested last October...
- 500.com makes play to acquire China lottery tech firm MelcoLot
May 29, 2017
Online sports lottery technology provider 500.com has made a play to acquire land-based lottery technology firm MelcoLot Ltd. in a bid to diversify its revenue stream. On Monday, the Shenzhen-based, Nasdaq-listed 500.com announced that it had reached a share purchase agreement with Melco LottVentures Holdings Ltd, a subsidiary of Melco...
- Melco’s Ho prefers Osaka casino over Tokyo
If the Macau billionaire has it his way, Lawrence Ho would prefer to build a casino in Osaka than in Tokyo. Ho, who owns Melco Resorts & Entertainment Ltd., believes that smaller Japanese cities like Osaka are packed with more opportunities as entertainment destinations than Tokyo. Japan has not yet...
- Bullish Ho predicts Macau gambling industry to bounce back to 2013 peak
May 2, 2017
The double-digit growth of Macau casinos’ gaming revenue is bringing a sense of nostalgia to Melco Resorts & Entertainment Ltd chief executive officer Lawrence Ho, bringing him back to the good old days of 2013. Macau enjoyed a robust and vibrant gambling business that year, raking in US$45 billion in...
- Melco International mulls upping stakes in Entertainment Gaming Asia
April 19, 2017
Lawrence Ho’s Melco International Development Ltd. is considering a complete takeover of electronic gaming machines supplier Entertainment Gaming Asia. Nasdaq-listed Entertainment Gaming Asia announced in a filing that its biggest shareholder, Melco International, “is reviewing potential strategic alternatives” that may include “making an offer… to acquire all of the outstanding...
- Higher gaming volume lifts City of Dreams Manila 2016 net revenue
April 3, 2017
Net revenues of integrated casino resort City of Dreams (COD) Manila surged 63.5 percent in 2016, buoyed by higher gaming volume and house win rate. For the year ended December 31, 2016, casino operator Melco Crown (Philippines) Resorts Corp. told the Philippine Stock Exchange on Monday that the net revenue...
Okada Manila eyes Philippine backdoor listing
May 2, 2017