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Business
June 16, 2025
Melco Resorts Adds Finance Heavyweight John Peter Ben Wang as Independent NED
Melco Resorts & Entertainment Limited, a major developer, owner, and operator of integrated resorts with casino facilities, announced the addition of a finance veteran to its team. The company leadership welcomed the new member, expressing confidence in his abilities. John Peter Ben Wang Joins as Independent NED On Friday, Melco Resorts & Entertainment announced that […]
Industry
March 31, 2025
Melco Confirms 20 Years Licensure to Run Casino in Sri Lanka
Melco International Development Ltd, a Hong Kong-listed company, has confirmed that it has obtained a license to run a gaming venue in Sri Lanka over the next 20 years. The license was backdated and is effective from April 1, 2024, and will be available through April 1, 2044. Melco Confirms 20-Year License for Sri Lanka’s […]
Casino
January 28, 2025
Analyst Recommends Melco Sell Cyprus and Manila Casinos
A top expert thinks Melco Resorts & Entertainment should think about selling its casino properties in the Philippines and Cyprus. This advice is part of a plan to make the company stronger in important markets, including Macau and Thailand. Vitaly Umansky from Seaport Research Partners shared these thoughts in a recent study of the company’s […]
Business
December 31, 2024
Macau Concessionaires Unveil Bonuses for Employees
Several operators in Macau have unveiled special discretionary bonuses for most of their staff. As of the time of this writing, most of the concessionaires have announced similar bonuses, affecting thousands of workers. Wynn Thanked Its Employees for Their Incredible Contributions Among others, Wynn Macau unveiled a bonus equivalent to one month’s salary for the […]
Casino
May 2, 2024
Melco Confirms Deal with John Keells for Sri Lanka Project
The leading developer, owner and operator of integrated resorts in Europe and across Asia, Melco Resorts & Entertainment Limited, announced it engaged in a strategic partnership with the largest conglomerate on the Colombo Stock Exchange and company with a rich history, John Keells Holdings PLC. Per the latest agreement, announced earlier this week, Melco was […]
Industry
April 24, 2024
Melco CEO Wants Multi-Trip Visa Between Hengqin and Macau
In 2023, the operator of prominent Macau-based properties like Altira, City of Dreams, Studio City, and Morpheus, Melco Resorts & Entertainment, launched the Studio City phase, thus expanding one of its most lucrative venues counting 900 luxury rooms. Following the ongoing development of the company as well as the industry as a whole in the […]
Business
February 29, 2024
Melco Resorts’ Shares Named among Morningstar’s Top 10 under $10
Melco Resorts & Entertainment, led by CEO Lawrence Ho, has earned a spot on Morningstar’s recently unveiled list of the ten best stocks trading under $10. Despite a challenging year that saw the stock price tumble by 33.3%, resulting in Ho dropping off Forbes’ list of Hong Kong’s wealthiest, Melco’s shares currently trade at around […]
Business
February 23, 2024
Melco Resorts CEO Lawrence Ho Exits Hong Kong’s 50 Richest
Lawrence Ho, the founder, chairman, and CEO of Melco Resorts and Entertainment, has lost his position in Hong Kong’s 50 Richest list published by Forbes. The 47-year-old casino magnate and the eldest son of Macau’s late gaming pioneer Stanley Ho had been a regular on the list for the past ten years. However, macroeconomic pressures […]
Business
November 17, 2023
Moody’s Improves Melco’s Rating amid Strong Recovery in Macau
The Investors Service of the credit rating agency Moody’s has upgraded the credit rating of Melco Resorts & Entertainment, a major Asian casino company. Previously negative, the company’s rating has now been updated to Ba3, signifying its improving stability. The update comes in the wake of the publishing of the quarterly results of Melco’s City […]
Casino
June 21, 2023
Melco Resorts Upped to Outperform by Credit Suisse
Developer, owner and operator of integrated casino resorts in Asia and Europe, Melco Resorts & Entertainment, has seen its rating upped from Neutral to Outperform by Credit Suisse. Summer Holidays and Chinese Policy Credit Suisse said in its report that summer holidays and developments around Chinese policy were behind the decision to raise the rating […]
