Melco International Development
Formerly | The Macao Electric Lighting Company Limited |
|---|---|
| Listed company | |
| Traded as | SEHK: 200 |
| Industry | Conglomerate |
| Founded | 1910 in British Hong Kong |
| Headquarters | Hong Kong S.A.R., China |
Area served | Hong Kong and Macau |
Key people | Chairman: Mr. Lawrence Ho |
| Website |
www |
Melco International Development Limited, formerly The Macao Electric Lighting Company Limited, is one of the 100 oldest companies in Hong Kong. It was founded in 1910 and was among the first 100 companies established in Hong Kong. It was listed on the Hong Kong Stock Exchange in 1927.[1] It engages in leisure, gambling and entertainment, technology, and property businesses in Hong Kong, Macau, and the Philippines.[2]
The chairman of Melco is Lawrence Ho, the son of Dr. Stanley Ho, a Hong Kong and Macau billionaire.
In 2004, the company entered a joint venture with the Australian gaming company Crown Limited to establish Melco Crown Entertainment Limited (Melco Crown). In 2011, Melco Crown acquired a 60% interest in Studio City Macau, a large-scale integrated resort project on Cotai, Macau.[3][4]
Holdings
- Melco Crown Entertainment: A joint venture with Crown Resorts developing casino/hotel properties on the Cotai Strip in Macau, including City of Dreams (66%)[5]
References
- ↑ MELCO INTERNATIONAL DEVELOPMENT
- ↑ Melco International Development Ltd. Profile at Bloomberg Businessweek
- ↑ About Crown: Summary of key businesses Archived 2009-09-16 at the Wayback Machine. at Crown Ltd official website
- ↑ Chan, Kelvin Macau's Melco in $1 billion Philippine casino project Associated Press, 6 July 2012, at Yahoo!Financeh
- ↑ About Crown: Summary of key businesses Archived 2009-09-16 at the Wayback Machine. at official website