Business
November 2, 2022
Melco’s Q3 Report Signals 46% Drop in Revenue
Toward the end of October, Melco Resorts & Entertainment announced it was getting ready to recruit 1,000 employees to fill in the new positions for its new Mediterranean project in Cyprus. Now, the company has made its unaudited third-quarter earnings for 2022 public, signaling a 46% decrease in total operating revenue. Strict Traveling & Covid-19 […]
Casino
July 8, 2022
S&P to Downgrade Melco Resorts’ Credit
S&P Global Ratings, an American credit rating agency, may soon downgrade the credit of Melco Resorts & Entertainment and its Studio City. The reason for this is S&P’s doubts that Macau, a key region for Melco’s business, will recover from the pandemic anytime soon. S&P commented that Melco’s mass GGR is experiencing a slow recovery […]
Casino
March 15, 2022
New Regulations Adopted by SEC Could Result in Melco Delisting from NASDAQ
Melco Resorts and Entertainment could be delisted from NASDAQ as the US Securities and Exchange Commission (SEC) adopted new regulations concerning foreign companies back in January. Even though there’s still no immediate cause for concern, the news rocked the company as its shares fell 15% on Friday. The news comes just after its CEO applied […]
Business
February 7, 2022
Melco Resorts Billed for Crown Resorts Investigation in New South Wales
The Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) has filed a lawsuit against Melco Resorts & Entertainment to recover some of the costs of the Bergin Inquiry into Crown Resorts. According to an exclusive report by the Australian Financial Review (AFR), the lawsuit has been filed in the Supreme Court. It […]
Industry
July 9, 2021
Melco Rolls Out Share Purchase and Award Program for Eligible Employees
One of the largest integrated resorts developers and casino operators in the world, Melco Resorts and Entertainment, announced Thursday the launch of a new Share Purchase and Award Program for its workforce. Eligible Melco employees participating in the program have the unique benefit of purchasing company shares. Melco Unveils a New Share Purchase and Awards […]
Business
July 1, 2021
Melco Resorts Boss to Launch SPAC-based IPO in the US
The use of a special purpose acquisition company (SPAC) in order to gain access to a public exchange has picked up steam over the past couple years, especially in the gaming industry. It’s how companies like DraftKings, Super Group Holding Co. and others have been able to target a wider pool of investors. A new […]