Saturday, April 13, 2024

Tag: Lawrence Ho

Melco’s Q3 impacted by Covid-19 restrictions in Macau and the Philippines

Melco’s CEO Lawrence Ho explained that “continued travel restrictions and quarantine measures in Macau”, together with the 42-day closure of City of Dreams Manila in the Philippines impacted Melco’s Q3 results.

Melco narrows quarterly loss

Melco resorts Q2 financials
Melco’s CEO Lawrence Ho said it had experienced “a progressive recovery in business levels” in Macau during Q2.

Yokohama withdraws from Japan’s IR race

Yokohama withdraws from Japan's Integrated resort race
Following the election of anti-casino candidate Takeharu Yamanaka, Yokohama has abandoned its pursuit of one of Japan’s first three integrated resort licences.

Zhongshan non-gaming development could help Melco’s Macau retender

Zhongshan non-gaming development could help Melco Macau retender
Melco International Development’s project in Zhongshan could benefit Melco Resorts and Entertainment when it rebids for a Macau gaming concession, analysts suggest.

Cyprus Casinos chalks up one million visitors

Cyprus Casinos million visitors
Melco Resorts and Entertainment, through its Cyprus Casinos brand, has welcomed its one-millionth visitor after only a year of operations.

Melco delays Cyprus IR opening to late 2021

Melco Cyprus IR
The opening of Melco Resorts’ City of Dreams Mediterranean has been pushed back from mid- 2021 until the end of the year.

Melco aims to commence Studio City Phase Two construction in third quarter 2018

Melco Resorts chairman and CEO, Lawrence Ho Yau Lung, has stated that he aims for the company to begin construction of Phase Two of its Studio City integrated resort by the third quarter of this year in order to meet its July 2021 government deadline. The company was granted a three-year extension by the Macau government in February, beyond the...

Lawrence Ho: “It’s about building beyond gaming”

Speaking during his opening keynote address at G2E Asia, Lawrence Ho, chairman and CEO at Melco Resorts and Entertainment highlighted what sets the company apart from its competitors, and gave an insight into his vision for the future. Back in 2008 our competition thought, ‘if you build it, they will come’. They set their sights low. I refuse to think...

Morpheus launches sans new gaming tables

Melco Morpheus building Opening
While the DICJ did not authorise any new gaming tables for Melco Resorts and Entertainment’s Morpheus hotel tower, analysts are confident that the additional hotel rooms the property brings to the table will help grow the company’s top line. Melco Resorts and Entertainment’s newest hotel tower at City of Dreams, Morpheus, officially opened its doors on 15 June, however Macau’s...

Morpheus opening helps Melco stay ahead of the curve

With the opening of Morpheus, Melco’s newest hotel on Cotai, scheduled for mid-June, the firm’s chairman and CEO, Lawrence Ho has underlined the company’s focus on the premium mass market. There is a Confucian maxim which states, “harmonious while different”, that could be said to characterise the business philosophy of Melco Resorts and Entertainment chairman and CEO, Lawrence Ho Yau-lung. Ho...

G2E Asia 2018 Conference plays host to top industry panelists

G2E Asia 2018 Conference is taking place 15 - 17 May, 2018 at the Venetian Macao, and sees top panelists to help discuss the  is comprised of conference's four tracks: The Future of Gaming, The Future of Integrated Resorts, The Future of Digital Content & Technology and IAGA Best Practices Institute. The Conference will be see panelists of top industry...

ICE London to host Japan Networking Breakfast

Lawrence Ho ICE Japan Networking Breakfast
Gaming organisations targeting the significant business opportunities in the emergent Japanese integrated resort sector, are being invited to participate in a networking breakfast taking place at ICE London on Wednesday 7th February (8.30 - 10am, stand, N5-260).   The Japan Networking Breakfast, is being organised by Clarion Gaming ahead of its 2018 Japan Gaming Congress (JgC) which has received the endorsement of numerous...

Lowdown on the Hoedown: Casino scion reduces stake in Summit Ascent

ICR 180 WORLD HOTIGRE ho stake
Lawrence Ho has trimmed his stake in the company that runs the Tigre de Cristal casino resort in Russia's Primorye gaming zone.   In a September regulatory filing, Ho informed the Hong Kong Stock Exchange that he is unloading 8.31 percent of his shares in Summit Ascent Holdings, reducing his direct holding in the company from 27.06 percent to 18.75 percent. Ho...

Macau’s May casino GGR surpasses analysts’ expectations

ICR - Macau May GGR
Steve Wynn and Lawrence Ho spelt out Macau’s May rebound in Louis Vuitton analogies as casino revenue hit a $2.8bn high water mark for 2017.   Revenues in Macau jumped almost 24 percent in May, beating expectations and posting a 10-month winning streak as wealthy gamblers returned to the southern Chinese territory. Gross gaming receipts in May rose by 23.7 percent...

Tigre de Cristal set for continued VIP growth in next two years

Casino Review Tigre de Cristal
Macau casino scion’ Lawrence Ho’s venture in Vladivostok looks set to pay dividends, attracting highrollers from across North Asia.   In June, the Tigre de Cristal decided to work with two fixed room junket operators and since then has VIP gaming sector has seen significant growth, according to the casino promoter’s interim report which came out this September. Based on this, analyst...

Melco prepares for global proliferation, eases focus on casinos

Casino Review, Melco Crown, Lawrence Ho, macau, Zaha Hadid,Stanley Ho, SJM Holdings,
Melco Crown’s billionaire chairman and CEO, Lawrence Ho, has announced plans to build a hugely decadent $1bn “Hotel Morpheus” in Macau, the first in a new global chain of hotels.   Ho says he wants to build the futuristic high-rise building, designed by late architect Zaha Hadid, on Macau’s Cotai strip by early 2018, before expanding the brand to gaming zones...

VIP surge gets Tigre de Cristal into the green

Casino Review Tigre Russia VIP
Fixed-room deals with two junket operators have seen the Tigre de Cristal in Russia’s far east make substantial gains in its VIP revenues.   Half-year financials published by Summit Ascent Holdings – the Lawrence Ho-backed venture behind Russia’s Tigre de Cristal casino – show that its flagship property near Vladivostok enjoyed a massive spike in rolling chip turnover this summer. The company said that...