Company: Melco Resorts & Entertainment
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.
From last November, when Osaka won its bid to host the 2025 World Expo, until August of this year, when Yokohama announced that it was entering the race, Osaka Yumeshima was looking like it would become host to the grandest and most successful IR in Japan.
Melco Resorts & Entertainment reported a 16% gain in the July-September 2019 period helped by a strong performance at City of Dreams Macau and record results in the mass market and slots segments.
Melco Resorts & Entertainment made several major announcements at a press event in Tokyo on Tuesday, including that Japanese tennis champion Naomi Osaka has become brand ambassador and sports group director for the company’s Yokohama IR bid.
Melco Resorts & Entertainment partnered with Keio University to give more than twenty of the IR operator’s foreign executives a seminar on Japanese history, culture, and business practices. The seminar took place in Tokyo on September 14.
Melco Resorts & Entertainment announced on Wednesday that it would focus its IR campaign on Yokohama and that it was suspending its participation in bidding for the Osaka Yumeshima location.
Melco Resorts & Entertainment has appointed Evan Winkler to the newly-created position of company president with effect from September 4.
The official announcement by Mayor Fumiko Hayashi that Yokohama would enter the IR race in earnest has set off a scramble among major IR operators, with Las Vegas Sands announcing that it was completely abandoning its efforts to partner with the Osaka government and Melco announcing its intention to open a Yokohama office with a new executive in charge.
Melco Resorts & Entertainment has entered into its first sports partnership in Japan by becoming a sponsor for the Yokohama F. Marinos J1 League football club.
Speaking on an earnings call for the April-June 2019 period, Melco Resorts & Entertainment Chairman and CEO Lawrence Ho remained upbeat about his firm's prospects in Japan.
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 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.
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.
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.
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.
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.
Melco Resorts & Entertainment CEO Lawrence Ho recently reaffirmed that his company is most interested in large metropolitan locations, not the smaller regional markets.
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.
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.
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, 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 and Entertainment CEO Lawrence Ho once again asserted the strategic importance of Japan to the Macau-based group while announcing 2018Q2 results.
Melco’s Lawrence Ho is confident his company will be granted more new-to-market gaming tables next year, TDM News reports.
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.
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.