Melco Resorts & Entertainment is a developer and operator of integrated resorts in Asia and Europe, with American depositary shares listed on the Nasdaq Global Select Market under the ticker MLCO. It is chaired and led by Lawrence Ho, and is majority owned by Melco International Development. In Macau it operates City of Dreams in Cotai, Altira in Taipa and Studio City, a cinematically themed integrated resort also on Cotai, under a concession that began alongside the other five operators in 2023. Melco is the most internationally spread of the Macau concessionaires, having taken the integrated-resort model to Europe, which gives it a different exposure to the Chinese visitation cycle than operators concentrated wholly in the territory.
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Galaxy Entertainment Group's chairman bought 4.6 million shares for cash on the first trading day after Macau's weakest monthly gaming revenue of the year, paying less than the stock traded for on the exchange that day. The filing shows the price; it does not show who sold.
Seven candidates filed on Sunday for the 18 October election to replace Takeharu Yamanaka, and Yamanaka is one of them. The frontrunner, backed by four ruling and opposition parties, has ruled out an integrated resort, and the others oppose one, seven months before Japan opens applications for its two remaining licences.
A week after reports that a smart-table mandate would not come before the second half of 2027, PAGCOR's chairman has named a start date and the four Entertainment City resorts it covers. The requirement is to begin converting, not to finish, and no circular, cost estimate or technical standard has been published.
Every vested share the Melco chairman held outside the listed parent went into an irrevocable trust on 16 September, a filing shows. Control of the Macau operator does not move, but the shares that did are now reported as no longer his.
Takeharu Yamanaka won in 2021 on a platform of killing the city's integrated resort bid, and did. He has now stepped down over a workplace harassment finding, weeks before a special election, in a country whose prime minister supports a second round of casino licensing and whose tourism agency will take applications from May 2027.
DigiPlus Interactive Corp, a major publicly listed gaming and technology company based in the Philippines, has set its sights on Africa, submitting
City of Dreams Sri Lanka, the newly opened and first integrated resort in South Asia, has equipped its casino floor with a suite of advanced cash-handling and
A consensus is forming among leading investment banks that Macau’s casino industry is poised for stronger-than-expected growth, with both Morgan Stanley and
Just as Sri Lanka takes its first major step into the world of integrated casino resorts, lawmakers have approved a bill to create a new Gambling
As Sri Lanka prepares for the high-profile launch of Melco's City of Dreams integrated resort on 2nd August, the government's attempt to rush through a new
As Thailand considers legalising casino resorts, MGM Resorts International, a major US gaming giant, is advising lawmakers on key conditions for its potential
A recent public opinion survey suggests that the inclusion of casino gaming is widely perceived as essential for the successful passage of Thailand’s proposed
Sri Lanka is taking a significant step towards establishing a formal regulatory framework for its expanding gambling industry. The Sri Lankan cabinet has