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Melco Announces Third Quarter 2019 Earnings And Declares Quarterly Dividend
Melco Resorts & Entertainment Says Evan Andrew Winkler Has Been Appointed As President Of The Co
Crown Resorts Updates On Stake Sale To Melco Resorts By James Packer
Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines. Its segments include City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. It has over three casino based operations in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based operations in Macau at its Mocha Clubs. It also has a casino based operation in the Philippines, City of Dreams Manila. It is developing the fifth hotel tower at City of Dreams in Cotai, Macau. Its other operations also include Taipa Square Casino, Macau operating within Hotel Taipa Square.
Casinos & Gaming
36/F The Centrium
60 Wyndham Street, Central
Yau Lung Ho
Executive Chairman of the Board, Chief Executive Officer
Geoffrey Stuart Davis
Chief Financial Officer, Executive Vice President
Executive Vice President, Chief Human Resources, Corporate Social Responsibility Officer
Executive Vice President, Chief Legal Officer
Yuk Man Chung
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Australian businessman James Packer has frozen a A$1.2 billion (£660.2 million) partial sale of his casino company to Hong Kong's Melco Resorts & Entertainment pending an investigation into alleged criminal activity at its Australian operations.
Australia's Crown Resorts on Thursday said it had been informed that a planned $1.2 billion stake sale by casino mogul James Packer to Melco Resorts & Entertainment had been delayed.
Melco Resorts & Entertainment <MLCO.O> said on Friday it will cooperate with an Australian gaming regulator's inquiry into its $1.2 billion stake purchase in Crown Resorts <CWN.AX>.
An Australian gaming regulator said it will review Melco Resorts & Entertainment's <MLCO.O> planned $1.2 billion stake purchase in Crown Resorts <CWN.AX> following local media reports that Crown flouted rules to lure big Chinese gamblers to Australia.
Australia's New South Wales liquor and gaming regulator on Thursday announced an inquiry into Melco Resorts & Entertainment's proposal to buy a stake in Crown Resorts from casino mogul James Packer.
An Australian regulator said it will review its approval for Crown Resorts' $1.5 billion casino being built in Sydney, after the gambling giant's founder James Packer sold nearly half his stake in the company to Hong Kong's Melco Resorts.
Australian casino giant Crown Resorts Ltd saw its shares tumble on Friday, after a surprise $1.2 billion selldown by founder James Packer to Hong Kong's Melco Resorts & Entertainment Ltd dampened hopes for a full buyout.
Australian shares are expected to open higher on Friday, tracking gains on Wall Street, and are likely to be supported by a surge in Crown Resorts Ltd shares after U.S. firm Melco Resorts & Entertainment said it will buy a stake in the casino operator. Melco Resorts & Entertainment...
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Melco Resorts & Entertainment will buy a 20% stake in Australia's Crown Resorts from casino mogul James Packer for A$1.76 billion ($1.22 billion), the U.S. company said, months after Wynn Resorts withdrew an offer to buy Crown.
Melco Resorts & Entertainment Ltd said on Thursday it would buy a 19.99% stake in Australia's Crown Resorts Ltd for A$1.76 billion ($1.22 billion). Melco's offer represents a marginal premium of 0.6% to Crown's last closing price of A$12.92. ($1 = 1.4436 Australian dollars...
(This version of the August 20 story corrects company name and stock code in paragraph 7)
* Q1 EARNINGS PER SHARE VIEW $0.27, REVENUE VIEW $1.38 BILLION -- THOMSON REUTERS I/B/E/S
* MELCO RESORTS & ENTERTAINMENT LTD SAYS ANNOUNCES THAT ITS BOARD HAS APPROVED A NEW US$500 MILLION SHARE REPURCHASE PROGRAM
Melco Resorts & Entertainment Ltd <MLCO.O> will shift its headquarters to Japan should it win a licence to run a casino in the world's next frontier for high-stakes gambling, its chief executive said on Friday.
* Melco Resorts & Entertainment Ltd - net revenue for Q2 was $1,298.2 million versus $1,070.4 million a year ago
* Melco Resorts Finance - priced its international offering of senior notes due 2025
* Crown Sub has agreed to dispose of its remaining shareholding in Melco Resorts
* Melco Resorts & Entertainment - launch of public offering of 27.8 million adss,82 million ordinary shares for 165.3 million ordinary shares, concurrent repurchase from Crown Resorts
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