Melco International Development

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, Cyprus and the Philippines.[2] The chairman of Melco is Lawrence Ho.

Melco International Development Limited
新濠國際發展有限公司
Formerly
The Macao Electric Lighting Company Limited
Listed company
Traded asSEHK: 200
IndustryConglomerate
Founded1910 (1910) in British Hong Kong
Headquarters
Hong Kong S.A.R.
,
China
Area served
Hong Kong and Macau
Key people
Lawrence Ho (Chairman & CEO)
Websitewww.melco-group.com

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]

Major subsidiary

Melco Resorts & Entertainment Limited
Main article: Melco Resorts & Entertainment

Melco Resorts & Entertainment (Melco Resorts) operates as a subsidiary of Melco International. After Japanese lawmakers pushed for legalized gambling in integrated resorts, by 2017 Melco Resorts & Entertainment was bidding[5] for one of an expected three licenses.[6]

List of developments

Melco International's major holdings include:

See also

References
  1. MELCO INTERNATIONAL DEVELOPMENT
  2. Melco International Development Ltd. Profile at Bloomberg Businessweek
  3. About Crown: Summary of key businesses Archived 2009-09-16 at the Wayback Machine at Crown Ltd official website
  4. Chan, Kelvin Macau's Melco in $1 billion Philippine casino project Associated Press, 6 July 2012, at Yahoo!Financeh
  5. Melco’s Lawrence Ho on Reasons for Split with James Packer’s Crown, United States: Barron's, 2017, retrieved July 10, 2019
  6. Sun, Nikki (May 21, 2018), "Macau gaming tycoon veers from Russia toward Japan", Nikkei Asian Review, Japan, retrieved July 10, 2019
  7. Muhammad Cohen (7 January 2016). "Lawrence Ho Bets Big On Small Players". Forbes Asia. No. January 2016. Retrieved 20 May 2019.
  8. Cohen, Muhammad (January 17, 2018), Hong Kong's Richest 2018: Gaming Tycoon Lawrence Ho Adds $1.2B To Wealth, But Aims For Bigger Prizes, United States: Forbes, retrieved July 10, 2019
  9. Chan, Kelvin Macau's Melco in $1 billion Philippine casino project Associated Press, 6 July 2012, at Yahoo! Finance
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