Tag Archives: melco resorts & entertainment
- 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...
- Crown Resorts to cut debt with proceeds from Macau exit
May 10, 2017
James Packer’s Crown Resorts is punting on the proceeds from selling its remaining stake in Melco Resorts and Entertainment to help reduce the company’s debt. If you’re just joining us, the Australian casino operator announced early this week that it had decided to end its decade-long international joint venture operations...
- Crown Resorts sells entire stake in Melco Resorts & Entertainment
May 8, 2017
Australian casino operator Crown Resorts is shedding its remaining stake in Melco Resorts & Entertainment (MRE), bringing an end to its decade-long international joint venture operations. On Monday, MRE announced the launch of a public offering of nearly 28m American depositary shares, equal to 165m ordinary MRE shares, following MRE’s...
Melco Crown preps rebirth as Melco Resorts & Entertainment
March 17, 2017
James Packer abandons Las Vegas casino dream
May 22, 2017
Crown Resorts VIP pleads guilty to $125k chip theft
March 21, 2017
Aussie regulators size up Crown Resorts’ financial strength
March 20, 2017
Why are all the VIP’s going to Melco?
May 16, 2017