10/08/20 Packer denies knowledge of China risks The former Crown CEO admitted having considered a merger with Lawrence Ho’s Melco and “forgot” about Australian laws.
09/29/20 Packer insisted on Crown-Melco deal “It’s my life and I’m going to overrule you,” the shareholder told director Michael Johnston.
08/30/20 Melco posts 65.5% drop in revenues for H1 The gaming giant said lockdown measures and travel restrictions caused visitation to fall 84 per cent below the first half of 2019.
08/23/20 Melco believes premium markets will lead recovery During its earnings conference call, Melco’s chairman said the evolution of Macau’s gaming sector will be gradual rather than V-shaped.
08/21/20 Melco reports 88% drop in revenue for Q2 Revenue for the second quarter fell to US$0.18 billion.
08/05/20 Melco to make US$500m notes offering Melco has announced an international offering of 5.750 per cent senior notes due 2028, with proceeds to be used for general corporate purposes.
08/04/20 Melco increases stake in Studio City The company developing the Cotai integrated resort will receive about US$500 million to invest in Phase 2 of construction.
07/19/20 Lawrence Ho acquires US$60M of Studio City notes The chairman and CEO of Melco Resorts & Entertainment Limited, majority owner of Studio City, bought US$60 million of new senior notes.
07/16/20 Melco cuts Macau daily operating costs to US$1.5m Casino operator Melco Resorts & Entertainment Limited says it has reached its goal to reduce operating costs for its Macau venues.
07/15/20 Moody’s gives Melco’s new notes Ba2 rating Moody’s has assigned the lower rating as it predicts Melco’s parent company will continue to suffer from a drop in earnings.
07/10/20 Studio City’s expansion likely to be delayed further The project was originally scheduled to complete in July 2019 and had already been extended to May 2022.
07/09/20 Melco commits US$500m to Studio City The operator could end up increasing its stake in the Cotai integrated resort.
07/03/20 Melco International makes board changes Frank Tsui Che Yin has been appointed as an independent non-executive director of the company.
06/17/20 Melco’s Morpheus named best new hotel The new hotel at the City of Dreams complex in Macau won the award at the annual TTG China Travel Awards 2020.
06/12/20 Legal setback for Melco in Crown Resorts case The High Court of Australia has ruled in favour of NSW authorities and Melco may have to hand over documents it wanted to protect.
