Melco focused on Japan

Melco Resort says that the Japanese market is a core focus to the company. Credits: Melco Resorts & Entertainment
Melco Resort says that the Japanese market is a core focus to the company. Credits: Melco Resorts & Entertainment

Melco Resorts & Entertainment has reiterated that a Japan casino continues to be a core focus for the company.

Japan.- The gaming industry in Japan is getting ready to launch and companies are showing their interest in being one of the few to offer their services in the Asian country. Melco Resorts & Entertainment has reiterated this week its position in regards to the Japan industry and said that it wants to operate a casino in the territory.

The company’s CEO, Lawrence Ho, talked about the casino industry in Japan during the company’s latest financial report. The CEO detailed some of the activity around the company when it comes to Japan and talked about future plans to make sure that Melco is one of the few operators that will have the opportunity to host a casino in the Asian country.

“Japan continues to be a core focus for us. In May, we released designs of our proposed Osaka Integrated Resort – City of the Future. We have also participated in the Yokohama RFI and will participate in the Osaka RFC,” said Ho.

Moreover, he said that Melco’s focus on the Asian premium segment, high-quality assets and dedication to world-class entertainment offerings and market-leading social safeguards and compliance culture will better position Melco.

“With our commitment to being an ideal partner to local governments and communities alike, we believe Melco is in a strong position to help Japan realize a vision for an integrated resort development with a unique Japanese touch,” added Ho.

Melco reports second-quarter results

Total operating revenues for the second quarter of 2019 were €1.2 billion, which represents a 17% increase from the €1 billion from the same period in 2018. The increase in total operating revenues was driven by a better performance in the rolling chip and mass-market table games segments and higher non-gaming revenue as a result of the opening of Morpheus in June 2018.

Operating income for the second quarter of 2019 was €184.2 million, compared with operating income of €105.9 million in the second quarter of 2018, representing an increase of 74%.

Melco’s adjusted property EBITDA totalled €396.8 million for the second quarter of 2019 compared to the €319 million registered in the second quarter of 2018, representing an increase of 24%. City of Dreams generated Adjusted EBITDA of €225 million in the 2Q.

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