{"id":19448,"date":"2021-06-25T15:19:25","date_gmt":"2021-06-25T15:19:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=19448"},"modified":"2026-04-23T18:12:19","modified_gmt":"2026-04-23T21:12:19","slug":"melco-resorts-to-raise-dividends-on-behalf-of-melco-international","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-to-raise-dividends-on-behalf-of-melco-international","title":{"rendered":"Melco Resorts to raise dividends on behalf of Melco International"},"content":{"rendered":"\n

Melco Resorts & Entertainment may raise its dividend payout to help its parent company, Melco International Development as it needs to fund its shares for the development of an entertainment complex in Zhongshan.<\/p>\n\n\n\n\n\n\n\n

Macau.- According to a note from Morgan Stanley banking group<\/strong>, Melco Resorts & Entertainment could raise its dividend payout to help Melco International Development fund plans for a\u00a0non-gaming complex in Zhongshan<\/strong> in China\u2019s Guangdong province.<\/p>\n\n\n\n

Analysts said Melco Resorts had an HKD$2.2bn (US$283m) cash outflow<\/strong>\u00a0commitment to the non-gaming complex.<\/p>\n\n\n\n

After sharing its results for the first quarter of the year 2020, Melco Resorts said it was suspending its quarterly-dividend programme to \u201cpreserve liquidity\u201d mainly due to struggles caused by the Covid-19 pandemic.<\/p>\n\n\n\n

Morgan Stanley reported in 2019 that Melco International received dividends by Melco Resorts of HKD$1.4bn and\u00a0expects a dividend of HKD$1.0bn in 2022<\/strong>\u00a0if the dividend programme is reinstated.<\/p>\n\n\n\n

As of the end of 2020,\u00a0Melco Resorts had HKD$6.7bn net debt\u00a0<\/strong>\u201cwith no real assets\u201d, so an additional cash commitment of almost HKD$2.2bn regarding the Zhongshan complex “is not small.”<\/p>\n\n\n\n

During the first quarter of 2021,\u00a0Melco Resorts & Entertainment<\/a> reported that income came in at US$520m. That represents\u00a0a decrease of 36 per cent\u00a0<\/strong>in comparison with the US$810m produced during the same period of 2020.<\/p>\n\n\n\n

Net loss <\/strong>attributable to Melco Resorts & Entertainment for the first quarter of 2021 was US$232.9m, or US$0.49 per ADS, compared with a net loss of US$364m, or US$0.76 per ADS, in the first quarter of 2020.<\/p>\n\n\n\n

According to <\/strong>Sanford C. Bernstein<\/a>, the Zhongshan complex will benefit Melco Resorts<\/strong> with several longer-term impacts since it displays the company\u2019s commitment to developing non-gaming in the greater Macau area.<\/p>\n\n\n\n

Macau\u2019s current casino licences will expire in June 2022<\/strong> but could be extended for up to five years under the city\u2019s gaming laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Melco Resorts & Entertainment may raise its dividend payout to help its parent company, Melco International Development as it needs to fund its shares for the development of an entertainment complex in Zhongshan.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts & Entertainment is considering reinstating its dividend payout to support its parent company, Melco International Development, in funding a non-gaming entertainment complex in Zhongshan. This strategic move comes despite Melco Resorts' existing net debt and recent financial struggles, with analysts noting the significant cash outflow commitment and the upcoming Macau casino license expiry in June 2022.","focusai_entities":"Melco Resorts & Entertainment, Melco International Development, Morgan Stanley, Sanford C. Bernstein","focusai_location":"Zhongshan, Macau, Guangdong province, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dividend Impact Analysis","query":"What is the projected impact of Melco Resorts' potential dividend reinstatement on its net debt position and future capital expenditure capacity, particularly given the upcoming Macau concession renewal process?"},{"label":"Non-Gaming Strategy","query":"How does the Zhongshan non-gaming complex align with Melco's long-term diversification strategy, and what are the anticipated regulatory benefits or requirements from the Macau government regarding non-gaming investment for concession extension?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,23906,18488],"class_list":["post-19448","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=19448"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19448\/revisions"}],"predecessor-version":[{"id":19452,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/19448\/revisions\/19452"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=19448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=19448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=19448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}