Melco Resorts & Entertainment Ltd (MLCO.O)

MLCO.O on Nasdaq

28 Sep 2020
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Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, incorporated on December 17, 2004, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. The Company 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. The Company's business segments are City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. The Company 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. The Company also has a casino-based operation in the Philippines, City of Dreams Manila. The Company is developing the fifth hotel tower at City of Dreams in Cotai, Macau.

City of Dreams

The Company's City of Dreams is an integrated casino resort in Cotai, Macau. City of Dreams property targets high end customers and rolling chip players from regional markets across Asia. City of Dreams operates approximately 500 gaming tables and approximately 1,250 gaming machines, and approximately 1,400 hotel rooms and suites, over 30 restaurants and bars, approximately 70 retail outlets, a wet stage performance theater, recreation and leisure facilities, including health and fitness clubs, over three swimming pools, spas and salons, and banquet and meeting facilities. The Club Cubic nightclub offers approximately 26,200 square feet of live entertainment space. SOHO, a lifestyle entertainment and dining precinct located on the second floor of City of Dreams, offers customers a selection of food and beverage and other nongaming offerings.

Altira Macau

The Company's Altira Macau is designed to provide a casino and hotel experience that caters to Asian rolling chip customers and players sourced primarily through gaming promoters. Altira Macau operates approximately 120 gaming tables and over 60 gaming machines, approximately 230 hotel rooms, several fine dining and casual restaurants, and recreation and leisure facilities. Altira Macau's multi-floor layout consist of primarily designated gaming areas and private gaming rooms for rolling chip players, together with a general gaming area for the mass market that offers various table limits to cater to a range of mass market patrons. A number of restaurants and dining facilities are available at Altira Macau, including an Italian restaurant Aurora, several Chinese and international restaurants and several bars. Its Altira Hotel offers several non-gaming amenities, including a spa, gymnasium, outdoor garden podium and sky terrace lounge.

Studio City

The Company owns and operates Studio City, a cinematically-themed integrated entertainment, retail and gaming resort in Cotai, Macau. Studio City operates over 200 gaming tables and approximately 1,175 gaming machines. Studio City also operates a further of over 50 gaming tables in its gaming area. The gaming operations of Studio City are focused on the mass market and targeting all ranges of mass market patrons in Asia and in particular from Greater China. Studio City also includes hotel offerings and various entertainment, retail and food, and beverage outlets for its customers.

Mocha Clubs

The Company's Mocha Clubs consist of the non-casino-based operations of gaming machines in Macau. Mocha Clubs has over seven clubs with a total of over 1,260 gaming machines in operation. Mocha Clubs focus on general mass market players, including day-trip customers, outside the conventional casino setting. In addition to slot machines, each Mocha Club site offers electronic table games without dealers. The gaming facilities at its Mocha Clubs offer both single-player machines with a range of games, including progressive jackpots, and multi-player games where players on linked machines play against the house in electronic roulette, baccarat and sicbo, a traditional Chinese dice game.

City of Dreams Manila

The Company's City of Dreams Manila is an integrated tourism resorts in the Philippines. The property is located on an approximately 6.2-hectare site at the gateway of Entertainment City, Manila, close to Metro Manila's international airport and central business district. The property has approximately 14,030 square meters (approximately 150,730 square feet) of aggregate gaming space and total gross floor area of approximately 300,100 square meters (approximately 3.2 million square feet). The Company has approximately 1,580 slot machines, over 80 electronic table games and approximately 260 gaming tables. City of Dreams Manila has over three hotels consisting of Crown Towers Hotel, Nobu Hotel and Hyatt City of Dreams Manila, with approximately 950 rooms in aggregate. City of Dreams Manila also features over three separate entertainment venues, including DreamPlay by DreamWorks, a family entertainment center; Centerplay, a live performance central lounge within the casino, and Chaos and Pangaea Ultra-Lounge, over two night clubs encapsulated within the Fortune Egg. City of Dreams Manila also features a retail boulevard, The Shops at the Boulevard, which is a retail strip interspersed within the food and beverage areas to provide customers with a range of shopping opportunities.

Corporate and Others

The Company's Corporate and Others segment primarily includes Taipa Square Casino, a casino on Taipa Island, Macau operating within Hotel Taipa Square. It also includes the fit-out and gaming related equipment located on the ground floor and level one within Hotel Taipa Square in Macau.

The Company competes with Galaxy Casino, S.A., Las Vegas Sands Corporation, Wynn Resorts (Macau) S.A., MGM Grand Paradise, S.A., Sociedade de Jogos de Macau, S.A and Crown Resorts Limited.

Company Address

Melco Resorts & Entertainment Ltd

36/F The Centrium
60 Wyndham Street, Central
Hong Kong     00000

Company Web Links

Officers & Directors

Name Age Since Current Position

Yau Lung Ho

43 2016 Executive Chairman of the Board, Chief Executive Officer

Evan Winkler

45 2019 President, Director

Geoffrey Davis

51 2011 Chief Financial Officer, Executive Vice President

Stephanie Cheung

57 2016 Executive Vice President, Chief Legal Officer

Akiko Takahashi

66 2019 Executive Vice President and Chief of Staff to Chairman and Chief Executive Officer