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Gambling News - 'Melco'
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 […]
Casino
May 12, 2023
Melco Resorts Sets to Launch City of Dreams Mediterranean in July
The project features a 7,500-square-metre casino that includes slot machines, table games, and a dedicated poker room for players who wish to enjoy their favorite game a little more competitively. The sluicegates will open on July 10, 2023, when Melco Resorts & Entertainment starts promoting the venue more aggressively and focuses on getting more footfall. […]
Casino
April 10, 2023
Melco Resorts Opens New Foreigner-Only Areas in Two Macau Properties
Melco Resorts has expanded its Macau properties with three new gaming areas for foreign players. The news comes amid the strong recovery of the gambling industry in the special administrative region. The company chairman and chief executive officer, Lawrence Ho, spoke about the new areas during the recent opening of an indoor water park at […]
Casino
November 18, 2022
Melco Wants to Train Live Dealers for City of Dreams Mediterranean
The Cyprus subsidiary of Melco Resorts & Entertainment, Melco Cyprus, has launched a new table games dealer school in the country, as the company is preparing to roll the red carpet for the City of Dreams Mediterranean integrated resort project. The upcoming development costs €550 million and is one of the most ambitious projects by […]