Tag Archives: melco international development
- Melco Int’l revenue soars after taking control of Melco Resorts
September 1, 2017
Asian casino operator Melco International Development saw its revenue nearly quadruple in the first half of 2017 on the strength of Macau’s resurgence. On Thursday, Melco informed the Hong Kong Stock Exchange that its revenue in the six months ending June 30 shot up 262% to HKD 20.1b (US $2.56b),...
- Melco International seeks Studio City spin-off in US bourse
August 15, 2017
HongKong-listed casino operator Melco International Development is seeking a spin-off and separate listing of Studio City International Holdings Ltd. in the U.S. In a regulatory filing, Melco announced that it has submitted a draft registration statement for an initial public offering (IPO) of its American Depositary Shares (“ADSs”) representing ordinary...
- IPO would only exacerbate Studio City ownership maze
Melco International Development just put up a trial balloon to gauge interest in a possible initial public offering for Studio City Macau. It probably won’t happen. It you thought Caesars had a complicated corporate structure, wait until you get a look at Studio City’s fractionated ownership map. An IPO would...
- Hard Rock Int’l sole remaining bidder for Spanish casino license
July 3, 2017
Florida-based casino operator Hard Rock International (HRI) appears set to win the race to build a new resort in Spain after all the other contenders dropped out. Last week, Spanish media reported that HRI and Hong Kong-listed Melco International Development had walked away from a tandem bid to win an...
- Hard Rock selling stake in Cyprus casino project to Melco Int’l
June 27, 2017
Casino operator Hard Rock International (HRI) has quietly exited its Cyprus integrated resort joint venture, according to stock market filings. On Monday, the government of the Republic of Cyprus officially signed its contract with a consortium consisting of HRI, Hong Kong-listed Melco International Development and local firm Cyprus Phasouri (Zakaki)...
- Melco-Hard Rock give up on Spain casino, double-down on Cyprus
June 26, 2017
Casino operators Melco International Development and Hard Rock International (HRI) officially closed the door on a Spanish integrated resort project while confirming their Cyprus joint venture. On Monday, the Melco-HRI tandem formally signed a contract to build Europe’s largest brick-and-mortar casino in the Limassol region of the Republic of Cyprus....
Cyprus doles out more online sports betting licenses
March 20, 2017
Turkish police bust major international online betting ring
September 14, 2016
Melco-Hard Rock to open Cyprus gaming venues this summer
April 24, 2017