{"id":777003150,"date":"2023-03-09T14:14:31","date_gmt":"2023-03-09T17:14:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003150"},"modified":"2026-04-22T23:56:18","modified_gmt":"2026-04-23T02:56:18","slug":"melco-resorts-to-repurchase-us169-8m-in-shares-from-parent-company","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-to-repurchase-us169-8m-in-shares-from-parent-company","title":{"rendered":"Melco Resorts to repurchase US$169.8m in shares from parent company"},"content":{"rendered":"\n<p>Melco Resorts &amp; Entertainment will buy back 40.4m shares from Melco Leisure to improve the company&#8217;s liquidity.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>Melco Resorts &amp; Entertainment <\/strong>has announced through a company filing that it will <strong>repurchase 40,373,076 of the company\u2019s ordinary shares<\/strong> from parent company <strong>Melco Leisure<\/strong> for MOP1.37bn (US$169.8m). The repurchase represents approximately 2.95 per cent of issued shares as of March 8, priced US$4.2067 per share.<\/p>\n\n\n\n<p>Prior to the transaction, Melco Leisure owned approximately 727.7m shares, or about 53.1 per cent, of the Company\u2019s outstanding shares.&nbsp;It will now own approximately 687.4m shares, which, following the cancellation of the repurchased shares, will represent about 51.7 per cent of outstanding shares.&nbsp;<\/p>\n\n\n\n<p>According to the directors of Melco International Development, the re-acquisition is an opportunity to improve the liquidity of the company.<\/p>\n\n\n\n<p>Melco Resorts&#8217; net loss for the financial year ended December 31 was US$930.5m, an increase over US$811.8m a year earlier. The company also reported&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-posts-revenue-of-us337-1m-for-q4\" target=\"_blank\">total operating revenues<\/a>&nbsp;were approximately US$337.1m in the fourth quarter of 2022, around 30 per cent lower than the US$480.6m reported the previous year.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melco Resorts &amp; Entertainment will buy back 40.4m shares from Melco Leisure to improve the company&#8217;s liquidity.<\/p>\n","protected":false},"author":176,"featured_media":25856,"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 will repurchase 40.4 million shares from its parent company, Melco Leisure, for US$169.8 million to enhance corporate liquidity. This transaction, representing 2.95% of issued shares, occurs amidst a reported net loss of US$930.5 million and a 30% decline in Q4 2022 operating revenues for Melco Resorts.","focusai_entities":"Melco Resorts & Entertainment, Melco Leisure, Melco International Development","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Liquidity Impact Analysis","query":"How will this specific share repurchase from Melco Leisure quantitatively improve Melco Resorts' free cash flow and reduce its debt-to-equity ratio, considering the reported net losses and revenue contraction?"},{"label":"Governance & Market Perception","query":"What are the implications of this intra-group share transaction on Melco Resorts' corporate governance framework and how might it be perceived by institutional investors regarding transparency and minority shareholder value?"}],"footnotes":""},"categories":[157,16338],"tags":[23970],"class_list":["post-777003150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003150","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=777003150"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003150\/revisions"}],"predecessor-version":[{"id":777003179,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003150\/revisions\/777003179"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}