DOCSLIB.ORG

Overseas Regulatory Announcement

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Overseas Regulatory Announcement Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. OVERSEAS REGULATORY ANNOUNCEMENT (This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.) Melco Resorts & Entertainment Limited, a listed subsidiary of the Company, whose American depositary shares are listed on the NASDAQ Global Select Market in the United States, has filed a Form 6-K with the United States Securities and Exchange Commission in relation to its unaudited financial results for the fourth quarter and full year ended 31 December 2019 and declaration of quarterly dividend on 20 February 2020. For details, please refer to the attached Form 6-K. Hong Kong, 20 February 2020 As at the date of this announcement, the board of directors of the Company comprises three Executive Directors, namely Mr. Ho, Lawrence Yau Lung (Chairman and Chief Executive Officer), Mr. Evan Andrew Winkler (President and Managing Director) and Mr. Chung Yuk Man, Clarence; two Non-executive Directors, namely Mr. Tsui Che Yin, Frank and Mr. Ng Ching Wo; and three Independent Non-executive Directors, namely Mr. John William Crawford, Mr. Chow Kwong Fai, Edward and Ms. Karuna Evelyne Shinsho. FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a–16 OR 15d–16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2020 Commission File Number: 001-33178 MELCO RESORTS & ENTERTAINMENT LIMITED 36th Floor, The Centrium 60 Wyndham Street Central Hong Kong (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20–F or Form 40–F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3–2(b) under the Securities Exchange Act of 1934. Yes ☐ No ☒ If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3–2(b): 82– N/A MELCO RESORTS & ENTERTAINMENT LIMITED Form 6–K TABLE OF CONTENTS Signature 3 Exhibit 99.1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MELCO RESORTS & ENTERTAINMENT LIMITED By: /s/ Geoffrey Davis Name: Geoffrey Davis, CFA Title: Chief Financial Officer Date: February 20, 2020 3 EXHIBIT INDEX Exhibit No. Description Exhibit 99.1 Unaudited Results for Fourth Quarter of 2019 and Quarterly Dividend Declaration Exhibit 99.1 FOR IMMEDIATE RELEASE Melco Announces Unaudited Fourth Quarter 2019 Earnings and Declares Quarterly Dividend Macau, Thursday, February 20, 2020 – Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia and Europe, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2019. In connection with the Company’s acquisition of a 75% interest in ICR Cyprus Holdings Limited (“ICR Cyprus”) from its parent company, Melco International Development Limited, on July 31, 2019, all periods presented in this press release have been restated to include the assets and liabilities and financial results of the ICR Cyprus group in accordance with applicable accounting standards. Total operating revenues for the fourth quarter of 2019 were US$1.45 billion, representing an increase of approximately 3% from US$1.41 billion for the comparable period in 2018. The increase in total operating revenues was primarily attributable to better performance in the mass market table games segment. Operating income for the fourth quarter of 2019 was US$173.4 million, compared with operating income of US$203.3 million in the fourth quarter of 2018, representing a decrease of 15%. Adjusted Property EBITDA(1) was US$409.8 million for the fourth quarter of 2019 compared to Adjusted Property EBITDA of US$427.5 million in the fourth quarter of 2018, representing a decrease of 4%. Net income attributable to Melco Resorts & Entertainment Limited for the fourth quarter of 2019 was US$68.1 million, or US$0.14 per ADS, compared with US$126.6 million, or US$0.26 per ADS, in the fourth quarter of 2018. The net income attributable to noncontrolling interests during the fourth quarter of 2019 was US$12.7 million and the net income attributable to noncontrolling interests during the fourth quarter of 2018 was US$1.7 million, all of which were related to Studio City, City of Dreams Manila and the Cyprus Operations. Mr. Lawrence Ho, our Chairman and Chief Executive Officer, commented, “During the fourth quarter of 2019, despite macro headwinds and the events in Hong Kong, mass gaming operations at all of Melco’s integrated resorts have remained robust, which drove group-wide mass table games revenue to expand approximately 12% year-over-year to an all-time-record-high of US$850 million. Adjusted Property EBITDA for the fiscal year 2019 has also expanded 14% year-over-year to reach an all-time-record-high of US$1,689 million. MELCO RESORTS & ENTERTAINMENT LIMITED Incorporated in the Cayman Islands with limited liability 新濠博亞娛樂有限公司 於開曼群島註冊成立的有限公司 1 “Melco’s portfolio of award-winning integrated resorts, commitment to excellence, and determination to push boundaries have been widely recognized, most recently by the Michelin Guide Hong Kong Macau 2020 with the company remaining as the leading integrated resort operator in the world with the highest number of Michelin-stars. In the recently published 2020 Forbes Travel Guide, Melco was awarded with a record-breaking 107 stars, with Morpheus honored as the world’s first and only establishment to attain Forbes Five-Stars across its entire hotel, spa and dining facilities, after a year of its grand opening. The Morpheus Spa also won the Forbes Spa of the Year Award, attaining the highest score among the world’s most outstanding spa establishments. “Melco continues to prioritize sustainability in its operations. In March 2019, Melco became the first and only hospitality group and integrated resort signatory of the New Plastics Economy Global Commitment, a global initiative to tackle plastic waste and pollution, led by the Ellen MacArthur Foundation in collaboration with the UN Environment. In December 2019, Melco became the first integrated resort and hotel operator in the Macau SAR and Hong Kong SAR to receive ISO 41001:2018 for its efforts in facilities management systems (FMS). Melco has also attained ISO 50001:2018 for effective energy management systems (EnMS) and was recognized by global environmental disclosure system - CDP as one of China’s leading companies in sustainability. “Construction on the further expansion of Studio City is progressing. Upon completion, it will offer approximately 900 additional luxury hotel rooms and suites, one of the world’s largest indoor water parks, a Cineplex, fine-dining restaurants and state-of-the-art MICE spaces. “The Board has, after evaluating the Company’s current liquidity position and future expected capital needs, decided to declare another quarterly dividend of US$0.16512 per ADS. “Melco remains committed to managing its balance sheet in a prudent manner. As of December 31, 2019, net-debt-to-last-twelve-months-EBITDA remained modest at approximately 2x, enabling us to continue with our regular dividend program, while retaining ample financial flexibility to reinvest in our existing properties and to pursue new development opportunities. “Lastly, Japan continues to be a core focus for us. In September 2019, we announced our ‘Yokohama First’ policy as we focus our Japan team on bringing to Yokohama the best IR the world has ever seen. In December 2019, we submitted our response for the Yokohama RFC. 2 “We believe our focus on the Asian premium segment, a portfolio of high-quality assets, devotion to craftsmanship, dedication to world-class entertainment offerings, market-leading social safeguard systems, established track record of successful partnerships, culture of exceptional guest service, and commitment to employee development puts Melco in a strong position to help Yokohama realize the vision of developing a world-leading IR with a unique, Japanese touch.” City of Dreams Fourth Quarter Results For the quarter ended December 31, 2019, total operating revenues at City of Dreams were US$759.1 million compared to US$726.1 million in the fourth quarter of 2018. City of Dreams generated Adjusted EBITDA of US$210.4 million in the fourth quarter of 2019 compared with Adjusted EBITDA of US$229.7 million in the fourth quarter of 2018. The year-over-year decrease in Adjusted EBITDA was primarily a result of softer performance in the rolling chip segment, partially offset by better performance in the mass market table games and gaming machines segments. Rolling chip volume was US$15.96 billion for the fourth quarter of 2019 versus US$11.42 billion in the fourth quarter of 2018. The rolling chip win rate was 2.65% in the fourth quarter of 2019 versus 3.19% in the fourth quarter of 2018.
Load more

Recommended publications
  • Annual Report 2017 1
    CONTENTS Key Performance Indicators 14 Corporate Profile 16 Corporate Structure 17 Chairman & CEO’s Statement 18 Management Discussion and Analysis 20 Management Profile 34 Environmental, Social and Governance Report 38 Corporate Governance Report 54 Report of the Directors 63 Independent Auditor’s Report 93 Consolidated Statement of Profit or Loss and Other Comprehensive Income 98 Consolidated Statement of Financial Position 100 Consolidated Statement of Changes in Equity 102 Consolidated Statement of Cash Flows 105 Notes to Consolidated Financial Statements 107 Five Years Financial Summary 207 Corporate Information 208 Melco International Development Limited | Annual Report 2017 1 A TRUE LANDMARK FOR ALL OF MACAU Constantly upping its ante in the Macau integrated resort scene, our flagship property City of Dreams is heralding the start of a new era of hospitality sophistication in Macau. With the launch of the Forbes 5-Star hotel Nüwa, the rebranding and redevelopment of The Countdown, and the eagerly awaited opening of Morpheus, the cornerstone of the final phase of development for City of Dreams, the property sets a new benchmark for luxury and entertainment in Macau. A SPARKLING ENTERTAINMENT WONDERLAND Combining electrifying entertainment with Forbes 5-Star hotel, Michelin-starred dining and designer brand shopping, the cinematically-themed resort Studio City takes thrilling entertainment to a whole new level in Asia. Studio City is further embarking on a series of property upgrades to refine the entertainment offerings and improve accessibility into the resort, striving for bringing the biggest, boldest and most exciting attractions to Macau. THE WINNING HAND IN THE PHILIPPINE ENTERTAINMENT SCENE Featuring 3 luxurious hotel brands, various premium dining outlets and one-of-a-kind entertainment, the dynamic and innovative resort City of Dreams Manila is playing a key role in strengthening the depth and diversity of the Philippines’ leisure, business and tourism offerings.
    [Show full text]
  • Melco Presents Celine Dion in Concert for the First Time in Cyprus
    Press Release [For Immediate Publication] 18 October 2019 Melco presents Celine Dion in concert for the first time in Cyprus Demonstrating Melco’s commitment to bringing world-class entertainment to the region as the event’s sole presenter Melco announces it will soon present Cyprus’ first ever Celine Dion concert as the event’s main sponsor, demonstrating the Company’s commitment to bringing world-class entertainment to the region. The award-winning French-Canadian singer’s “Celine Dion Courage World Tour, Cyprus, presented by Melco Resorts and Entertainment” will take place at GSP Stadium, Nicosia on 2 August 2020. Mr. Craig Ballantyne, Property President of City of Dreams Mediterranean and Cyprus Casinos “C2”, said: “Melco has long been dedicated to presenting world-class entertainment offerings that go beyond gaming for the premium travel segment. Achieving this through continuous collaborations with outstanding partners, we are pleased to support Celine Dion in concert for the first time in Cyprus. In alignment with the mission of the forthcoming City of Dreams Mediterranean, the first and largest Integrated Casino Resort (ICR) in Europe, to attract and excite customers from all over the world, we anticipate the concert will enthuse and draw fans from around the region, for the chance to enjoy the singer’s thrilling performance which will further enhance the local tourism industry’s appeal. We look forward to presenting many more world-class experiences and attractions when the ICR’s doors officially open in 2021.” “Courage World Tour” is the fourteenth concert tour by Celine Dion and the artist’s first world tour in over a decade.
    [Show full text]
  • Oct 8, 2019 Melco Chairman & CEO Visits Zhuhai with Team of Senior
    FOR IMMEDIATE RELEASE Melco Chairman & CEO visits Zhuhai with team of senior executives Part of ‘Splendors of China’ initiative, visit is the first in a series to develop in-depth understanding of the Greater Bay Area for management team Macau, Tuesday, October 8, 2019 – Melco Resorts & Entertainment Chairman & Chief Executive Officer Mr. Lawrence Ho recently paid a visit to the city of Zhuhai with a team of the company’s senior executives as part of the Melco initiative ‘Splendors of China’. The visit is the first in a series to enhance and strengthen Melco management team’s understanding of the Greater Bay Area, with further trips being planned to Shenzhen and Guangzhou in the coming months. Mr. Lawrence Ho and the team of twelve senior executives from Melco met with representatives from the Liaison Office of the Central People’s Government in the Macao SAR (Liaison Office), including Mr. Zuo Xianghua, Director of Economic Affairs Department; and Mr. Yang Yi, Deputy Director of Economic Affairs Department, as well as Zhuhai officials including Ms. Zou Hua, Director of Zhuhai Municipal Affairs Bureau of Taiwan, Hong Kong and Macao; Mr. Huang Yuan Peng; Deputy Director of Zhuhai Municipal Affairs Bureau of Taiwan, Hong Kong and Macao; Mr. Xie Liang, Director of Zhuhai Foreign Investment Service Center; and Ms. Su Cuizhu, Divison Chief of Municipal Affairs Bureau of Taiwan, Hong Kong and Macao; and was introduced to Zhuhai’s unique positioning within the Greater Bay Area and its relationship with Macau. The Melco team visited the Hengqin integrated tourism and entertainment project Novotown, visiting Lionsgate Entertainment World and National Geographic Ultimate Explorer within the complex.
    [Show full text]
  • 1Q19 Results in Line, Maintain "Buy" 2019 年第 1 季度业绩符合预期，维持“买入”
    股 票 研 [Table_Title] Company Report: Melco Resorts & Entertainment (MLCO US) Noah Hudson 究 (86755) 2397Hudson 6684 Equity Research 公司报告： 新濠博亚 (MLCO US) [email protected] 4 June 2019 [Table_Summary] 1Q19 Results In Line, Maintain "Buy" 2019 年第 1 季度业绩符合预期，维持“买入” 1Q19 luck-normalized adjusted property EBITDA was US$362 mn [Table_Rank] 公 (-12.0% yoy, -2.3% qoq), in line with market and our expectations. Total Rating: Buy VIP turnover declined sharply (-22.6% yoy, -15.1% qoq), while total mass Maintained 司 GGR recorded below-industry-average growth (+5.0% yoy, +0.9% qoq). 报 评级： 买入 (维持) We have adjusted upward our forecasts for Melco's 2019-2021 adjusted 告 property EBITDA by 2.5%, 1.9% and 3.4%, respectively. We expect that property enhancements at City of Dreams as well as the roll out of new 6[Table_Price-18m TP 目标价] : US$23.70 Company Report Company Revised from 原目标价: US$26.50 non-gaming attractions at Studio City will increase the Company's competitiveness and further drive growth. We have adjusted downward ADR price ADR价格: US$18.810 slightly our revenue forecasts as we expect some negative impact to operations while property renovations are being undertaken. However, we expect higher EBITDA margin as Melco's non-VIP segments now contribute Stock performance more than 90% of Melco's luck-adjusted EBITDA (excluding Philippines). We 股价表现 forecast 2019-2021 adjusted property EBITDA of US$1.6 bn, US$1.7 bn and [Table_QuotePic] US$1.8 bn, respectively, representing 7.1% CAGR. 20 % change We lower our target price from US$26.50 to US$23.70 on lower sector 10 valuation and maintain our "Buy" investment rating.
    [Show full text]
  • 3Q18 Earnings Call Presentation October 24, 2018
    The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore The Parisian Macao 3Q18 Earnings Call Presentation October 24, 2018 Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo, Las Vegas Forward Looking Statements This presentation contains forward‐looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward‐looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new development, construction and ventures, substantial leverage and debt service, fluctuations in currency exchange rates and interest rates, government regulation, tax law changes and the impact of U.S. tax reform, legalization of gaming, natural or man‐made disasters, terrorist acts or war, outbreaks of infectious diseases, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao, our subsidiaries’ ability to make distribution payments to us, and other factors detailed in the reports filed by Las Vegas Sands with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward‐looking statements, which speak only as of the date thereof. Las Vegas Sands assumes no obligation to update such information. Within this presentation, the
    [Show full text]
  • Printmgr File
    Safeguarding the well-being of our valued guests and colleagues is our top priority. Morpheus and Nüwa at City of Dreams, Star Tower at Studio City, Altira Macau and Nüwa at City of Dreams Manila have become among the first hotels and resorts in the world to achieve the Sharecare Health Security VERIFIED® with Forbes Travel Guide certification. Melco Resorts & Entertainment Limited | Annual Report 20202019 11 2 Melco Melco Resorts Resorts & & Entertainment Entertainment Limited Limited | | Annual Annual Report Report 2020 2020 Melco Resorts & Entertainment Limited | Annual Report 20202019 33 4 Melco Resorts & Entertainment Limited | Annual Report 2020 Melco Resorts & Entertainment Limited | Annual Report 20202019 55 6 Melco Resorts & Entertainment Limited | Annual Report 2020 Melco Resorts & Entertainment Limited | Annual Report 2019 77 8 Melco Resorts & Entertainment Limited | Annual Report 2020 Melco Resorts & Entertainment Limited | Annual Report 20202019 99 10 Melco Resorts & Entertainment Limited | Annual Report 2020 Melco Resorts & Entertainment Limited | Annual Report 2019 1111 12 Melco Resorts & Entertainment Limited | Annual Report 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    [Show full text]
  • FOR IMMEDIATE RELEASE Melco Resorts & Entertainment
    FOR IMMEDIATE RELEASE Melco Resorts & Entertainment Announces Benefits Program Review for its Macau Non-Management Employees MACAU, August 24, 2018 - Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company” or “we”), a developer, owner and operator of casino gaming and entertainment resort facilities in Asia, today announced that it has completed the benefits program review for its non-management employees in Macau. This review has been in progress since the beginning of this year and was developed listening to employees through the Company’s regular focus groups and other direct channels, which have been implemented since May 2014. From January 2018 alone, 144 communication sessions were held. This is in addition to table games employees’ global survey conducted every six months since May 2012. We have also been in close communication with relevant Macau SAR government departments. The review also took into account Melco’s philosophy and culture of caring for our colleagues as well as industry practices and local labor regulations. As part of this review, and following the Company’s discussions with the Macau SAR government with respect to the parameters for the implementation of a mandatory centralized provident fund which commenced in 2017 and, in line with these parameters, Melco will launch a new pension fund plan with matching contributions of up to 5% of base salary and guaranteed tips (if any) and will award a one-time special gift of one month salary to eligible Macau non-management employees upon completion of the process related to their participation in the new pension fund plan, subject to further applicable terms and conditions.
    [Show full text]
  • Annual Report 2013 Melco Crown Entertainment Limited
    Annual Report 2013 Melco Crown Entertainment Limited (Incorporated in the Cayman Islands with limited liability) Listed on the Hong Kong Stock Exchange (Code: 6883) and NASDAQ (Symbol: MPEL) Financial Highlights NET REVENUES NET INCOME US$5.09 billion US$637.5 million Net revenues for the year ended Net income attributable to Melco Crown December 31, 2013 were US$5.09 billion, Entertainment was US$637.5 million for an increase of US$1.01 billion, or 24.7%, the year ended December 31, 2013, as as compared with US$4.08 billion for the compared with net income of US$417.2 year ended December 31, 2012. million for the year ended December 31, 2012. BASIC NET INCOME PER SHARE ADJUSTED EBITDA US$0.386 US$1,287.8 million Basic net income per Share attributable to Adjusted EBITDA for the year ended Melco Crown Entertainment was US$0.386 December 31, 2013 was US$1,287.8 for the year ended December 31, 2013 million, representing an increase of compared to basic net income per Share of US$367.6 million, or 39.9%, compared US$0.254 for the year ended December 31, to US$920.2 million for the year ended 2012. December 31, 2012. A FORBES ASIA’S FABULOUS 50 COMPANY R\N A WORLD OF ENTERTAINMENT The House of Dancing Water TABOO Dragon’s Treasure A COLLECTION OF MICHELIN STARRED RESTAURANTS The Tasting Room Jade Dragon A PROMISING FUTURE Studio City The New Hotel Tower at City of Dreams in Macau City of Dreams Manila Market Overview and Key Highlights Macau Market Market-wide gross gaming revenues for 2013 increased 18.6% from 2012 to a record US$45.0 billion, with the rolling chip segment growing 13.1% and the mass market table games segment expanding 34.7%.
    [Show full text]
  • Printmgr File
    BUSINESS OVERVIEW We are a developer, owner and, through our subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. Our subsidiary Melco Crown Gaming is one of six companies licensed, through Concessions or Subconcessions, to operate casinos in Macau. We were incorporated in 2004 as a joint venture between Melco and PBL (whose gaming businesses and investments were acquired by Crown in 2007 as part of the demerger of PBL’s media and gaming businesses). We currently operate two major casino based operations, namely, City of Dreams and Altira Macau, and non-casino based operations at our Mocha Clubs. Our operations cater to a broad spectrum of gaming patrons, from high-stakes rolling chip gaming patrons to gaming patrons seeking a broader entertainment experience. We seek to attract patrons from throughout Asia and in particular from Greater China. We focus on the Macau gaming market, which we believe will continue to be one of the largest gaming destinations in the world. In 2008, 2009 and 2010, Macau generated gaming revenue of approximately US$13.6 billion, US$14.9 billion and US$23.5 billion, respectively, according to the DICJ; for the same periods, the Las Vegas Strip generated gaming revenue (excluding sports book and race book) of US$6.0 billion, US$5.5 billion and US$5.7 billion, respectively, according to the Nevada Gaming Control Board. Macau benefits from its proximity to one of the world’s largest pools of existing and potential gaming patrons and is currently the only market in Greater China, and one of only several in Asia, to offer legalized casino gaming.
    [Show full text]
  • Melco Wins Five Awards at CEM Macau Energy Saving Activity 2019 Accrediting Energy Conservation Measures at City of Dreams, Studio City and Altira Macau
    FOR IMMEDIATE RELEASE Melco wins five awards at CEM Macau Energy Saving Activity 2019 Accrediting energy conservation measures at City of Dreams, Studio City and Altira Macau Macau, Thursday, January 16, 2020 – Melco Resorts & Entertainment announces three of its properties, namely City of Dreams, Studio City and Altira Macau, have won a total of five awards at Macau Energy Saving Activity 2019 organized by Companhia de Electricidade de Macau (CEM) and Office for the Development of Energy Sector of Macau SAR. Studio City has been named Champion of the Hotel Group B category. City of Dreams and Altira Macau each received Excellence Awards in the Hotel Group B category. Furthermore, Studio City and Altira Macau garnered the Continuous Energy Saving Award (Hotel Group) for the third consecutive year. The achievements are a testament to the group’s continuous efforts in promoting energy efficiency and conservation. Ms. Denise Chen, Senior Vice President and Chief Sustainability Officer of Melco Resorts & Entertainment, said, “Sustainability will always be a key focus across our daily operations. We are thrilled to receive five awards at Macau Energy Saving Activity 2019 this year as a testament to our unceasing dedication to environmental protection and the creation of a healthier community. We thank the organizers and our employees in making this achievement possible, as we continue to engage effective systems across our properties to provide service excellence to our guests in the most sustainable way.” Cecilia Nip, Director of Regulatory Affairs and Corporate Communications Office of Companhia da Electricidade de Macau – CEM, S.A., said, “CEM pledges to shoulder the responsibility of environmental protection together with the Macau SAR Government and the public.
    [Show full text]
  • Melco Crown Entertainment's City of Dreams and Altira Macau Named
    FOR IMMEDIATE RELEASE Melco Crown Entertainment’s City of Dreams and Altira Macau named Gold Enterprise Winner by GS1’s Quality Food Traceability Scheme MACAU – Wednesday, August 10, 2016: Melco Crown Entertainment Limited (Nasdaq: MPEL) (“Melco Crown Entertainment”, “MCE” or the “Company”), a developer and owner of casino gaming and entertainment resort facilities in Asia, announced today that both City of Dreams and Altira Macau received Gold Award at the Quality Food Traceability Scheme 2016 in Hong Kong. Melco Crown Entertainment is the only Macau company to have its properties recognized by the Hong Kong chapter of GS1 for its food traceability practices. City of Dreams was first recognized by the Scheme in 2015. With the same stringent standards and food tracing measures implemented, Altira Macau joined the league as a Gold Enterprise Winner this year. Mr. Kristoffer Luczak, Senior Vice President of Food and Beverage, Melco Crown Entertainment, said, “We are honored to have another property recognized by the Quality Food Traceability Scheme. As one of the leading operators in the hospitality industry, food safety is our top priority. Our flagship integrated resort City of Dreams received the HACCP food safety certification in 2011, Altira Macau was also granted the certification in 2014. This year, we launched a procurement development program with local SMEs. One of the initiatives of this program is to issue certificates to our F&B vendors who are in compliance with our international standards. We believe this will help them improve product and service quality and build up their credibility, which would help bring them new business opportunities.” Ms.
    [Show full text]
  • Construction Works Resume at City of Dreams Mediterranean Melco Implements Strict Measures to Ensure Maximum Protection for Workers
    Press Release [For Immediate Publication] 6 May 2020 Construction works resume at City of Dreams Mediterranean Melco implements strict measures to ensure maximum protection for workers Melco announces that construction works at City of Dreams Mediterranean will resume on Wednesday, 6 May 2020, setting course to deliver Cyprus’ first and only licensed Integrated Casino Resort (ICR), and the largest in Europe and the region. The decision to recommence construction works was made after the Council of Ministers lifted the restrictions in the construction sector, which were imposed to mitigate the spread of COVID-19. Prioritising the health and safety of its employees, Melco continues to adhere to all guidelines for the protection of workers on construction sites issued by the Ministry of Labour, Welfare and Social Insurance and the Department of Labour Inspection, as well as the Ministry of Health’s Medical and Public Health Services. In addition, Melco, a world leader in the leisure and entertainment sector, will implement a series of its own stringent measures, transferring its knowledge and expertise to Cyprus to further ensure the safety of workers at the ICR’s construction site. Specifically, all workers are required to submit an internal health declaration and have temperatures checked at the construction site entrance. Furthermore, hand sanitizers and disinfectant alcohol are readily available at the site’s gates and office. Masks will be distributed to all workers daily while offices and shared spaces will be cleaned regularly throughout the day. Furthermore, Melco is educating workers on pandemic prevention measures and posters will be set up in prominent locations.
    [Show full text]