Tag Archives: melco resorts & entertainment
- Melco Resorts eyeing PAGCOR’s 17 casinos
September 13, 2017
Hong Kong-listed casino operator Melco Resorts & Entertainment has expressed its interest in acquiring the Philippine Amusement and Gaming Corporation's (PAGCOR) casinos once the Philippine government decides to put them on sale. Macau Business Daily reported that Melco is reportedly on the prowl for PAGCOR's casinos, which the government intends...
- 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...
- Melco Resorts & Entertainment welcomes back VIP gamblers
July 28, 2017
Asian casino operator Melco Resorts & Entertainment (MRE) saw its second-quarter revenue jump more than one-fifth as Macau's VIP gamblers emerged from their hiding places. Figures released Thursday show the Nasdaq-listed MRE’s revenue hitting just under $1.3b in the three months ending June 30, a 21% improvement from the same...
- Melco’s Ho prefers Osaka casino over Tokyo
May 29, 2017
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...
- Why are all the VIP’s going to Melco?
May 16, 2017
Melco Resorts & Entertainment, which as of yesterday, May 15, is no longer jointly owned by Crown, used to pride itself as being the mass market Macau casino. Focus on the mass market was its marketing point, that it could survive the onslaught against the junkets by turning to ordinary...
Ask not where bitcoin will be tomorrow, but 10 years from now
September 19, 2017
Why the SEC really rejected the Bitcoin ETF
March 14, 2017