MACAU, Dec. 16, 2022 (GLOBE NEWSWIRE) — Melco Resorts & Leisure Restricted (Nasdaq: MLCO) (“Melco” or the “Firm”), a developer, proprietor and operator of built-in resort services in Asia and Europe, as we speak broadcasts that the Macau authorities has awarded a ten-year concession to function video games of fortune and likelihood in casinos in Macau (“Concession”) to Melco Resorts (Macau) Restricted, a subsidiary of the Firm. The time period of the Concession commences on January 1, 2023 and ends on December 31, 2032.
Mr. Lawrence Ho, Chairman and Chief Government Officer of Melco commented, “On behalf of Melco, we’re honored and grateful for the Macau SAR authorities’s granting of the ten-year gaming concession to the Firm, and we’re grateful for the federal government’s operating of a easy and clear course of.
“Melco pledges its dedication to supporting the wholesome and sustainable growth of the tourism and leisure trade in Macau as we proceed to work with the federal government over the following ten years to contribute to town’s growth as a preeminent, international tourism vacation spot.”
Secure Harbor Assertion
This press launch comprises forward-looking statements. These statements are made underneath the “secure harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. Melco Resorts & Leisure Restricted (the “Firm”) might also make forward-looking statements in its periodic reviews to the U.S. Securities and Alternate Fee (the “SEC”), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic info, together with statements in regards to the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties, and a lot of components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. These components embrace, however will not be restricted to, (i) the international COVID-19 outbreak, brought on by a novel pressure of the coronavirus, and the continued affect of its penalties on our enterprise, our trade and the worldwide economic system, (ii) dangers related to the newly adopted gaming legislation in Macau and its implementation by the Macau authorities, (iii) development of the gaming market and visitations in Macau, the Philippines and the Republic of Cyprus, (iv) capital and credit score market volatility, (v) native and international financial situations, (vi) our anticipated development methods, (vii) gaming authority and different governmental approvals and laws, and (viii) our future enterprise growth, outcomes of operations and monetary situation. In some instances, forward-looking statements may be recognized by phrases or phrases corresponding to “could”, “will”, “count on”, “anticipate”, “goal”, “intention”, “estimate”, “intend”, “plan”, “imagine”, “potential”, “proceed”, “is/are more likely to” or different related expressions. Additional data concerning these and different dangers, uncertainties or components is included within the Firm’s filings with the SEC. All data supplied on this press launch is as of the date of this press launch, and the Firm undertakes no responsibility to replace such data, besides as required underneath relevant legislation.
About Melco Resorts & Leisure Restricted
The Firm, with its American depositary shares listed on the Nasdaq World Choose Market (Nasdaq: MLCO), is a developer, proprietor and operator of built-in resort services in Asia and Europe. The Firm at the moment operates Altira Macau (www.altiramacau.com), an built-in resort positioned at Taipa, Macau and Metropolis of Desires (www.cityofdreamsmacau.com), an built-in resort positioned in Cotai, Macau. Its enterprise additionally consists of the Mocha Golf equipment (www.mochaclubs.com), which comprise the biggest non-casino based mostly operations of digital gaming machines in Macau. The Firm additionally majority owns and operates Studio Metropolis (www.studiocity-macau.com), a cinematically-themed built-in resort in Cotai, Macau. Within the Philippines, a Philippine subsidiary of the Firm at the moment operates and manages Metropolis of Desires Manila (www.cityofdreamsmanila.com), an built-in resort within the Leisure Metropolis complicated in Manila. In Europe, the Firm is at the moment creating Metropolis of Desires Mediterranean (www.cityofdreamsmed.com.cy) within the Republic of Cyprus, which is predicted to be the biggest and premier built-in vacation spot resort in Europe. The Firm is at the moment working a brief on line casino, the primary approved on line casino within the Republic of Cyprus, and is licensed to function 4 satellite tv for pc casinos (“Cyprus Casinos”). Upon the opening of Metropolis of Desires Mediterranean, the Firm will proceed to function the satellite tv for pc casinos whereas operation of the momentary on line casino will stop. For extra details about the Firm, please go to www.melco-resorts.com.
The Firm is strongly supported by its single largest shareholder, Melco Worldwide Improvement Restricted, an organization listed on the Principal Board of The Inventory Alternate of Hong Kong Restricted and is considerably owned and led by Mr. Lawrence Ho, who’s the Chairman, Government Director and Chief Government Officer of the Firm.
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