10/16/20 Melco highlights support for SME partners The operator hosted a roadshow to showcase its partner companies.
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.
