Operators embark on new game plan while tasked by government to play greater role in diversifying city’s economic, day-to-day life and guaranteeing local jobs.
Melco Resorts and Entertainment
Melco generated negative Adjusted Property EBITDA of US$34.9 million on this year’s third quarter; CEO optimistic about e-visas being issued to mainland Chinese visitors.
Fifty remaining workers let go at the end of a decade of shows which amazed tens of thousands of audience members.
Studio City’s second phase on track for completion in December 2022, however Ho sees future of gaming business focussed on mass market.
Melco Resorts & Entertainment Limited today said that the show The House of Dancing Water “will continue to be closed in the next few months”.
Melco Resorts and Entertainment has launched a “Made-in-Macao” initiative to support local small and medium-sized enterprises (SMEs) by promoting new local production and manufacturing industries.
29 of the city’s 41 casinos will reopen for business today (Thursday), while the remaining 12 casinos have applied to defer reopening their doors.
As the 2022 concession expiry date looms closer, analysts start to weigh in on the possible scenarios.
