Melco is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia. The company currently operates Altira Macau, a casino hotel located at Taipa, Macau, and City of Dreams, an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs, which comprise the largest non-casino based operations of electronic gaming machines in Macau. The company also majority owns and operates Studio City, a cinematically-themed integrated resort in Cotai. In the Philippines, a subsidiary of the company currently operates and manages City of Dreams Manila, a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. Lawrence Ho, as the Chairman and CEO, controls the NASDAQ-listed casino operator Melco Resorts via Hong Kong-listed Melco International Development.
Melco Resorts & Entertainment’s Japan branch was substantially developed in 2017 and maintains a large office in the Marunouchi district of Tokyo. Lawrence Ho has spoken repeatedly about his affinity with the culture of Japan and his willingness to spend “whatever it takes” to obtain an IR license in a major urban market.
Family Name: Ho Given Name: Lawrence Role: Chairman and CEO Profile: Lawrence Ho left investment banking for gaming in 2003, operating under the license of his father, SJM Holdings founder and billionaire Stanley Ho, before Melco obtained a license in 2006. He often mentions his respect for Japanese culture since his first visit to Japan at the age of five.
Family Name: Davis Given Name: Geoff Role: Japan Representative and CFO Profile: Launching his gaming industry experience at the Hilton Hotels Corporation in 1996, Davis also had a stint as an equity research analyst at Citi Investment Research before joining Melco in 2007. Since that time he has gradually been promoted up the ranks to his current role as CFO of Melco Resorts & Entertainment Japan.
Family Name: Winckler Given Name: Frederic Role: Executive Vice-President and Chief Marketing and Brand Officer Profile: Winckler spent most of his career in the global advertising firm J. Walter Thompson working mostly with luxury brands, before becoming Global Chief Marketing Officer for Louis Vuitton. In January 2017, he joined Melco as its Executive Vice-President and Chief Marketing and Brand Officer.
Family Name: Shiraogawa Given Name: Ako Role: President of Melco Resorts & Entertainment Japan Profile: Before her appointment as president of Melco's Japan office in 2017, Shiraogawa was an executive for Nokia and Microsoft, with business experience working in both Helsinki, Finland, and Beijing, China. In her current role she has responsibility for securing for her company an IR license in the Japanese market.
Family Name: Chen Given Name: Denise Role: Senior Vice-President and Chief Sustainability Officer Profile: A graduate of the London School of Economics, Chen joined Melco in 2007 and rose up the executive ranks. In January 2018 she was promoted to the position of Senior Vice-President and Chief Sustainability Officer.
The six major IR operators in Macau are directly employing more than 108,000 people as of 2018, according to a survey made by Macau Business magazine.
The University of Macau organized an event on Saturday at a hotel in Ikebukuro, Tokyo, to pass along to a Japanese audience Macau’s experience in developing an IR industry.
Melco Resorts & Entertainment is making a stronger commitment to purchase seafood products from sustainable fisheries and farms, explaining that “healthy and productive oceans are important for both marine ecosystems and the communities that rely on them for their livelihood.”
Frederic Winckler, executive vice-president and chief marketing and brand officer of Melco Resorts & Entertainment, tells AGB Nippon in an exclusive interview that his company’s IR bid in Japan is firmly focused on the future.
The Japan IR Association (JIRA) held its third event within the Diet Building complex on June 19, this time focusing on the role of entertainment within Japan’s anticipated IR industry.
Melco Resorts and Entertainment Philippines is set to automatically delist from the Philippine Stock exchange today after falling below the minimum threshold of public ownership for more than six months.
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho says that their recent acquisition of shares in Crown Resorts will help to accelerate their bid for a Japan casino license.
It has recently become possible to understand with increased clarity which IR operators will be bidding for Japan’s two major markets—the Kanto and the Kansai—and where each of them are now focusing.
The opening of Melco’s IR in Cyprus has been pushed back six months due to the extensive infrastructure needed, local media reports.
Melco Resorts & Entertainment said it agreed to buy an almost 20% stake in Crown Resorts for A$1.75 billion (about US$1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho sits down for an exclusive twenty-minute interview with AGB Nippon Executive Editor Michael Penn, discussing the challenges of his firm's campaign to win one of the three Integrated Resort licenses in Japan.
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho came ready for action on the first day of the Japan Gaming Congress, announcing that his firm would dramatically raise the global standard of IR industry, and presenting a stunning array of visual demonstrations of his “City of the Future” concept for the Osaka Yumeshima site.
During an earnings conference call, Melco Chairman and CEO Lawrence Ho seemed to acknowledge that MGM Resorts’ tie-up with the Orix Corporation would make them tough to beat for the Osaka IR license and that Melco was beginning to focus its attention on other parts of Japan.
As part of his Golden Week travels abroad Minister of Land, Infrastructure, Transport and Tourism Keiichi Ishii visited two IRs in Macau for research purposes on May 3. Specifically, he was given tours of Melco’s City of Dreams and Wynn Palace in the Cotai Strip.
Melco Resorts & Entertainment Chairman and CEO Lawrence Ho has revealed that his company is now making widespread use of facial recognition technology as part of its responsible gaming efforts. The system is meant to ensure that those people who should be excluded from the casino floor are in fact being denied entry.
Melco Resorts & Entertainment has announced the implementation of a new sustainability strategy called “Above and Beyond” across its properties, which includes a pledge to become 100% carbon neutral by 2030.
MGM China has announced that it has now eliminated all single-use plastic both in its takeaway packaging at its shops as well as at all of its restaurants at its Macau IRs.
Melco Resorts & Entertainment hosted the Melco Women’s Forum on Wednesday as part of its corporate social responsibility efforts to promote diversity and gender equality in gaming and the community.
Melco Resorts & Entertainment has announced that it is “the first and only hospitality group and IR operator globally” to become a signatory to the New Plastics Economy Global Commitment, led by the Ellen MacArthur Foundation.
The Nihon Keizai Shinbun held its second IR seminar on March 5, this time in Sapporo, Hokkaido, before an audience of 367 people.
Melco Resorts & Entertainment reported October-December 2018 results above estimates across all of its properties, as Chairman and CEO Lawrence Ho once again emphasized that his firm has "a strong emphasis on Japan" in terms of future expansion.
Galaxy Entertainment Group and Melco Resorts & Entertainment were recognized at the 12th International Gaming Awards held in London last week.
Cyprus’ deputy minister of tourism Saavas Perdios has praised Melco’s City of Dreams Mediterranean project for being an “important contributor” to the country’s tourism efforts.
Solar and wind energy will feature prominently in Melco’s “City of the Future” IR design proposals to the government of Osaka, according to statements made by Chief Marketing & Brand Officer and Executive Vice-President Frederic Jean-Marie Winckler in an interview with the Sankei Shinbun.
Melco Resorts & Entertainment CEO Lawrence Ho recently reaffirmed that his company is most interested in large metropolitan locations, not the smaller regional markets.
Melco Resorts & Entertainment’s Studio City IR in Macau plans to stop VIP rolling chip operations from January 15, 2020, reflecting its second switch on high rollers since opening in 2015.
The inaugural Hokkaido IR Showcase came to a close last Thursday, as seven IR operators and numerous other Japanese companies and associations exhibited at the first public IR event to be held in the prefecture.
Melco Resorts & Entertainment has launched the first of four planned satellite casinos on the island of Cyprus, local media reports.
In a Tokyo interview with Bloomberg television, Melco Resorts & Entertainment Chairman & CEO said of his IR license hunt that “the opportunity for Melco is priceless and we will do whatever we need to do to win.”
The Nihon Keizai Shinbun’s high-powered IR Forum in Tokyo drew more than six hundred guests, not including the many others who reportedly had to be turned away by an excess of applications. The event brought together government officials, IR operators, analysts, and others for an intensive day-long event last Wednesday.
The four Asia-based IR operators aiming for a license in the Japanese market—Galaxy, Melco, Genting, and Bloomberry—posted mixed results in the July-September period, even as predictions of a slowdown in the Asian gaming industry abounded.
Studio City International Holdings, a unit of Melco Resorts & Entertainment, raised a total of US$359.4 million in its US initial public offering last Wednesday, with a final offer price of US$12.50 per American Depository Share (ADS).
An eSports stadium would “very likely” be a “key component” of any major market IR that Melco Resorts & Entertainment would build in Japan, CFO Geoff Davis told Nikkei Asian Review in a recent interview.
Melco Resorts & Entertainment has opened Southeast Asia’s first Bandai Namco Virtual Reality gaming facility at its City of Dreams Manila IR in the Philippines.
Melco’s temporary casino in Cyprus has seen more than 175,000 visitors since opening its doors in June, according to its property president.
Macau’s IRs are keen to highlight their commitment to returning to the community, with Melco Resorts & Entertainment and Sands China on Wednesday showcasing their efforts in corporate social responsibility.
Macau’s operators announced Monday they were mobilizing staff to help with the cleanup efforts after Typhoon Mangkhut, which swept through the territory at the weekend forcing the closure of casinos for the first time since concessions were granted in 2002.
Melco Resorts and Entertainment plans to delist its Philippine unit from the local stock exchange, as it has not been successful in raising capital there.
Melco Resorts and Entertainment, which is vying for a license in Japan, has appointed real estate finance expert, Francesca Galante, as an independent non-executive director of the company.
Melco Resorts has announced it will be launching a new pension fund plan and bonus scheme for its non-management staff.
Melco Resorts & Entertainment said its Studio City International Holdings venture is continuing to prepare for an initial public offering, which will commence as soon as market conditions permit and it receives the necessary clearance from the US Securities and Exchange Commission.
Melco Resorts & Entertainment, which is strongly focused on obtaining a license in Japan, is facing protests at home in Macau from staff, who are demanding better pay and benefits, as well a stricter enforcement of a smoking ban in its casinos.
Melco Resorts & Entertainment on Tuesday launched the first e-sports venue in Macau, hoping to attract a younger audience to the gambling hub.
Melco Resorts and Entertainment CEO Lawrence Ho once again asserted the strategic importance of Japan to the Macau-based group while announcing 2018Q2 results.
Melco Resorts and Entertainment, a Macau-based casino operator that has been one of the most proactive in seeking a license in Japan, says its new resort on the island of Cyprus in the Mediterranean has had a disappointing first week of operations.
Melco’s Lawrence Ho is confident his company will be granted more new-to-market gaming tables next year, TDM News reports.
After unveiling the concept in late 2016, Melco Resorts’ first wholly-developed hotel tower, Morpheus, celebrated its grand opening.
Melco Resorts & Entertainment has sponsored a public service video to reinforce responsible gaming culture to be shown on Macau television.
On Friday, Melco International Development held a ceremonial groundbreaking of City of Dreams Mediterranean, with expectations that the project’s first phase will open by 2021.
During an interview with CNBC’s Christine Tan, Melco Resorts Chairman and CEO Lawrence Ho said he “wouldn’t hesitate” to partner with Australian gaming mogul James Packer again should the opportunity arise.
Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a 10 billion USD plus resort” in either the Kansai or Kanto regions of the country.
Macau gaming operators Sands, Melco, and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research.
Melco Resorts & Entertainment CEO Lawrence Ho says its Hollywood-themed Studio City resort will be ramping up its entertainment offerings in an “insane” way as part of the group’s determination to be at the cutting edge and stand out from other IRs.
Melco Resorts & Entertainment and SJM Holdings have improved maternity and paternity leave benefits for employees.
Melco’s new US$1.1 billion hotel tower will not be using junkets to lure in Asian high rollers to its casino.