{"id":20201,"date":"2021-07-13T14:19:25","date_gmt":"2021-07-13T14:19:25","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20201"},"modified":"2026-04-23T17:40:15","modified_gmt":"2026-04-23T20:40:15","slug":"melco-ceo-purchases-us6-7m-worth-in-the-companys-shares","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-ceo-purchases-us6-7m-worth-in-the-companys-shares","title":{"rendered":"Melco CEO purchases US$6.7m worth in the company\u2019s shares"},"content":{"rendered":"\n

Melco Resorts & Entertainment’s chairman and CEO has purchased US$6.7m worth of the company\u2019s shares through the recently announced share purchase plan for eligible employees.<\/p>\n\n\n\n\n\n\n\n

Macau.- Lawrence Ho, Melco Resorts’ chairman and chief executive officer<\/strong>, has purchased 1,248,048 Melco Resorts shares (equivalent to US$6.7m), which represent approximately 0.09 per cent of Melco Resorts\u2019 issued shares.<\/p>\n\n\n\n

According to Macau Business, Ho participated in the new Share Purchase and Award Program<\/a> in order to conserve cash<\/strong> as the Group\u2019s operations emerge from Covid-19 restrictions.<\/p>\n\n\n\n

Ho also volunteered to forego the entire amount of his cash compensation from May 2020 to June of this year and has committed to continue not receiving his base salary for the 12-month period <\/strong>of the Share Purchase and Award Program, from July 2021 to June 2022.<\/p>\n\n\n\n

He said he will participate in the Share Purchase and Award Program<\/strong> at an amount equal to the full extent of his base salary.<\/p>\n\n\n\n

Melco said the programme aims \u201cto recognize the dedication and commitment of its employees<\/strong> and provide eligible employees the opportunity to benefit from the Company\u2019s long-term growth.\u201d<\/p>\n\n\n\n

During the first quarter of the year, Melco’s revenue<\/a> was down 36 per cent <\/strong>in comparison with the US$810m produced during the same period of 2020.<\/p>\n\n\n\n

Net loss for Q1 was US$232.9m<\/strong>, 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","protected":false},"excerpt":{"rendered":"

Melco Resorts & Entertainment’s chairman and CEO has purchased US$6.7m worth of the company\u2019s shares through the recently announced share purchase plan for eligible employees.<\/p>\n","protected":false},"author":176,"featured_media":18157,"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's Chairman and CEO, Lawrence Ho, has acquired US$6.7 million in company shares through an employee purchase program, concurrently foregoing his cash compensation to conserve capital post-Covid-19 restrictions. This initiative aims to align employee interests with the company's long-term growth, as Melco reported a 36% revenue decline and a net loss of US$232.9 million in Q1 compared to the previous year.","focusai_entities":"Melco Resorts & Entertainment, Lawrence Ho, Macau Business","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Capital Structure","query":"How will Lawrence Ho's continued salary deferral and the broader Share Purchase and Award Program impact Melco Resorts & Entertainment's liquidity and capital allocation strategy in the next fiscal year?"},{"label":"Executive Compensation Trends","query":"What are the broader implications of executive compensation structures shifting towards equity-based incentives and salary deferrals for governance frameworks within the iGaming and hospitality sectors post-pandemic?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906,18488],"class_list":["post-20201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20201","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=20201"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20201\/revisions"}],"predecessor-version":[{"id":20234,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20201\/revisions\/20234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18157"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}