DOCSLIB.ORG

Incorporated in Hong Kong with Limited Liability a Hong Kong Listed Company (Stock Code: 200)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Incorporated in Hong Kong with Limited Liability a Hong Kong Listed Company (Stock Code: 200) Incorporated in Hong Kong with limited liability A Hong Kong listed company (Stock code: 200) CONTENTS Key Performance Indicators 16 Corporate Profile 18 Corporate Structure 19 Chairman & CEO’s Statement 20 Management Discussion and Analysis 22 Board of Directors and Senior Management 40 Corporate Governance Report 44 Report of the Directors 59 Independent Auditor’s Report 93 Consolidated Statement of Profit or Loss and 100 Other Comprehensive Income Consolidated Statement of Financial Position 102 Consolidated Statement of Changes in Equity 104 Consolidated Statement of Cash Flows 107 Notes to Consolidated Financial Statements 109 Five-year Financial Summary 218 Corporate Information 219 Melco International Development Limited | Annual Report 2020 1 HEALTH AND SAFETY: OUR TOP PRIORITY 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. 2 Melco International Development Limited | Annual Report 2020 Melco International Development Limited | Annual Report 2020 3 4 Melco International Development Limited | Annual Report 2020 SIMPLE ACTS OF KINDNESS During the pandemic, our Chairman and CEO deployed colleagues in Macau to volunteer during working hours. The “Simple Acts of Kindness” initiative resulted in almost 8,000 participants and over 600 activities to benefit local NGOs and SMEs, including the elderly, single families, long-term patients and children while practicing social distancing with volunteer-made angel wings made from hangers and used towels. The initiative was recognized by the 2020 Industry Community Awards, while our Chairman and CEO was awarded the “Outstanding Individual Award” for his leadership. Melco International Development Limited | Annual Report 2020 5 ABOVE & BEYOND The Group remains firmly driven by the focus around our sustainability goals while inspiring others to follow suit. Our goals stand at the core of the Group’s strategy and have become part of the daily operations for our entire workforce, at all levels. For instance, we are embracing Artificial Intelligence to lead the charge against food waste in Macau and adopting a revolutionary water refill system in resort guest rooms to save millions of plastic bottles annually. 6 Melco International Development Limited | Annual Report 2020 Melco International Development Limited | Annual Report 2020 7 8 Melco International Development Limited | Annual Report 2020 CULINARY AND SERVICE EXCELLENCE The Group strives to deliver the most exceptional experiences to each of our guests. Four signature restaurants across our properties have been honoured by Michelin Guide Hong Kong Macau 2021 with a collective total of seven Michelin-stars. The Group has also been honoured by 2021 Forbes Travel Guide with a collective total of 97 Stars, including 17 Five-Star awards, leading among Macau and Asia’s integrated resort operators. Melco International Development Limited | Annual Report 2020 9 SAVOR THE FUN AND EXCITEMENT Studio City is undergoing its Phase 2 expansion to provide new, cutting- edge entertainment options to visitors of all ages. Upon completion, Studio City will offer approximately 900 additional luxury hotel rooms and suites, one of the world’s largest indoor/outdoor water parks, a cineplex, fine-dining restaurants and state-of-the-art MICE space. 10 Melco International Development Limited | Annual Report 2020 Melco International Development Limited | Annual Report 2020 11 12 Melco International Development Limited | Annual Report 2020 EUROPE’S LARGEST INTEGRATED RESORT COMING SOON Set to open in the summer of 2022, City of Dreams Mediterranean will become Europe’s largest premier integrated resort upon completion. The pioneering project will feature a 16-storey, five- star hotel with more than 500 luxury guest rooms and suites, approximately 10,000 square metres of MICE space, an outdoor amphitheater, a family adventure park, and a variety of fine- dining outlets and luxury retail. Melco International Development Limited | Annual Report 2020 13 ENTERTAINING POSSIBILITIES ACHIEVING GROWTH VISION To contribute to the growth and future of the communities we serve, inspiring hope and happiness in people all over the world. MISSION To be a dynamic company that leads the field in leisure and entertainment, we continually explore new opportunities for growth and development that create value for all stakeholders. 14 Melco International Development Limited | Annual Report 2020 Melco International Development Limited | Annual Report 2020 15 KEY PERFORMANCE INDICATORS KEY FINANCIAL PERFORMANCE INDICATORS NET REVENUES NEGATIVE ADJUSTED EBITDA HK$13.42 billion Representing a decrease of HK$31.56 billion or 70.2%, HK$1.20 billion Compared to Adjusted EBITDA of HK$12.50 billion compared to HK$44.99 billion for the year ended 31 December 2019 for the year ended 31 December 2019 BASIC LOSS PER SHARE LOSS FOR THE YEAR HK$4.19 HK$12.38 billion Compared to basic earnings per share attributable Compared to profit for the year of HK$1.77 billion to owners of the Company of HK$0.46 for the year ended 31 December 2019 for the year ended 31 December 2019 COVID-19 and the subsequent travel restrictions significantly well as enhance its ability to fund development projects that are impacted the operating and financial performance of Melco integral to the Group’s long-term growth. International Development Limited (“Melco International” or the While impacted by COVID-19, the Group remains committed “Company”, together with its subsidiaries collectively referred to to its global development program. In Macau, construction on as the “Group”) throughout the year of 2020. the expansion of Studio City, and our facility upgrade works at For the year ended 31 December 2020, net revenues were City of Dreams are ongoing, The fully renovated Nüwa recently HK$13.42 billion and the loss after tax during the year amounted reopened at the end of March 2021, and The Countdown will be to HK$12.38 billion. The decrease was primarily attributable to closed for renovation as part of its rebranding. In Europe, City softer performance in our casino and hospitality operations as a of Dreams Mediterranean is expected to open in the summer of result of the COVID-19 pandemic, which resulted in temporary 2022, subject to fulfilling all conditions under the Cyprus License casino closures and a significant decline in inbound tourism. and obtaining all requisite regulatory approvals. In the wake of the pandemic, the Group has prudently managed The Group remains optimistic on the recovery of Macau and its balance sheet with cost reduction programs to minimize cash its expected increased visitation in the near term. The rollout outflows and implemented rationalization efforts to control capital of COVID-19 vaccines in Macau and many other countries expenditures. Meanwhile, the Group has issued senior notes and after possible easing of travel restrictions are expected to soon completed private placements to reinforce its balance sheet as facilitate the tourism industry’s recovery. 16 Melco International Development Limited | Annual Report 2020 KEY PERFORMANCE INDICATORS NON-FINANCIAL KEY PERFORMANCE INDICATORS Despite the unexpected challenges presented by the COVID-19 pandemic in 2020, the Group continued to forge ahead with maintaining the highest standards of sustainability governance, industry-leading environmental protection and corporate social responsibility in accordance with our ‘Above & Beyond’ strategy. Details of the Group’s various non-financial key performance indicators, including stakeholder engagement, environmental impact and other community development efforts, will be disclosed in its 2020 Environmental, Social and Governance (“ESG”) Report to be published in due course. Community Engagement The Group is committed to engaging in various community programmes to contribute to the growth and future of the communities it serves. The Group worked with its trusted community partners through a combination of employee volunteerism, charitable or in-kind donations, and contributions to serve various vulnerable groups in society to promote social inclusion and integration. More than HK$264 million in charitable and in-kind donations Over 177,000 colleague participants or contributions in 2020 participated in our global CSR activities 53% specifically directed since 2007 at addressing the COVID-19 pandemic Environmental Protection As an environmentally responsible company, the Group is committed to creating a more sustainable future for our children and the planet while offering customers new experiences and possibilities. The Group is making substantial progress towards carbon neutrality, energy saving and waste and water reduction at its properties around the world. Greenhouse Gas (“GHG”) Emissions 2018 2019 2020 (1) Total GHG Emissions (MtCO2e) 26,175 32,718 17,145 Emissions Intensity by Gross Floor Area (square feet) 0.0017 (2) 0.0021 (2) 0.0011 Energy Consumption 2018 2019 2020 Total Energy Consumption (MWh) 508,604 518,668 (1) 378,848 Energy Intensity by Gross Floor Area (square feet) 0.033 (2) 0.034 (2) 0.025 Waste Footprint 2018 2019 2020 Waste Disposal (tons) 15,611 18,394 8,275 Waste Intensity by Gross Floor Area (square feet) 0.0010 (2) 0.0012 (2) 0.0005 Notes: 1. Re-calculation for 2019 emissions
Load more

Recommended publications
  • 4Q19 Earnings Call Presentation January 29, 2020 Forward Looking Statements
    4Q19 Earnings Call Presentation January 29, 2020 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, disruptions or reductions in travel, as well as in our operations, due to natural or man-made disasters, pandemics, epidemics, or outbreaks of infectious or contagious diseases such as the coronavirus originating in Wuhan, China, new development, construction and ventures, government regulation, risks relating to our gaming licenses and subconcession, fluctuations in currency exchange rates and interest rates, substantial leverage and debt service, gaming promoters, competition, tax law changes, infrastructure in Macao, political instability, civil unrest, terrorist acts or war, legalization of gaming, insurance, 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 company may make reference
    [Show full text]
  • City of Dreams Resort and Casino, Grand Hyatt, Hard Rock and Crown Towers Hotels
    City of Dreams Resort and Casino, Grand Hyatt, Hard Rock and Crown Towers Hotels The City of Dreams Resort includes four state-of-the-art casino hotel towers with 1,622 guest rooms: the 5-star, 970-key Grand Hyatt Hotel, the 5-star, 286-key Crown Towers; and the 4-star, 366-key Hard Rock Hotel. The development is designed to accommodate conventions and conferences. Its three-floor podium includes many large ballrooms, banquet halls, meeting rooms and business facilities; a mega-casino and over 200 shopping venues and hotel guest amenities. The development has 420,000 SF (39,000 m2) of gaming space with 550 gaming tables and 1500 gaming machines, over 20 restaurants and bars, including one of the largest in the city. Included within the property is 175,000 SF (16,300 m2) of high-end retail space spread across two levels. City of Dreams was designed to the highest quality in international standards, making it the premier development and destination in the Cotai Strip of Macau and the region for leisure and entertainment. Location: Macau, China Type: Hospitality, Master Planning, Mixed-Use, Retail / Entertainment, Waterfront Services: Master Planning, Architecture, Interiors, Landscape Size: 4,107,000 sf / 382,000 m2 Awards: * Society of American Registered Architects (SARA) | Design Award of Recognition * TTG China Travel Awards | “Best Luxury Hotel in Macau” for Grand Hyatt Hotel * World Luxury Spa Awards | “Best Luxury Hotel Spa” for Crown Towers * TTG Travel Awards | Best Integrated Resort * Forbes Travel Guide | Five-Star Hotel Award * International Gaming Awards | Best Casino Interior Design * International Gaming Awards | Best Casino Operator for the Asia Pacific Region * International Gaming Awards | Best Casino VIP Room * International Property Awards | Best Leisure Development in Asia Pacific * International Property Awards | Best Leisure Development in China * Macau Environmental Protection Bureau with the collaboration of Macao Government Tourist Office | Bronze Award 2010 Macao Green Hotel Award * SGS | Indoor Environmental Quality (IEQ) Certification.
    [Show full text]
  • Las Vegas Sands Corp. Annual Report 2018
    Las Vegas Sands Corp. Annual Report 2018 Form 10-K (NYSE:LVS) Published: February 23rd, 2018 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2017 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32373 LAS VEGAS SANDS CORP. (Exact name of registrant as specified in its charter) Nevada 27-0099920 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 3355 Las Vegas Boulevard South Las Vegas, Nevada 89109 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (702) 414-1000 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock ($0.001 par value) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Notice of Filing of Application/S for Alien Employment Permit/S (Aep/S)
    PM-NCR-03.01-F.05 NOTICE OF FILING OF APPLICATION/S FOR ALIEN EMPLOYMENT PERMIT/S (AEP/S) Notice is hereby given that the following companies/Employers have filed with this Regional Office application/s for Alien Employment Permit/s: Name and Address of Company/Employ Name of Foreign Position National/Citizenship 1 2B1 CONSULTANCY INC. Wang, Delin Associate Consultant 9/F Tower 4, Double Dragon Plaza, Macapagal Ave., Brgy. 076, Pasay City, Metro Manila Chinese 2 3D ANALYZER INFORMATION Bui Quang Huy, Customer Service TECHNOLOGIES INC. Representative - Mandarin 7-8/F Double Dragon Plaza, 255 EDSA Cor. Vietnamese Speaking Macapagal Blvd., Brgy. 076, Pasay City, Metro Manila 3 3D ANALYZER INFORMATION Liu, Renzheng Customer Service TECHNOLOGIES INC. Representative - Mandarin 7-8/F Double Dragon Plaza, 255 EDSA Cor. Hunan Speaking Macapagal Blvd., Brgy. 076, Pasay City, Metro Manila 4 3D ANALYZER INFORMATION Zhu, Ni Customer Service TECHNOLOGIES INC. Representative - Mandarin 7-8/F Double Dragon Plaza, 255 EDSA Cor. Chinese Speaking Macapagal Blvd., Brgy. 076, Pasay City, Metro Manila If you have any information/objection to the above mentioned application/s, please communicate with the Regional Director thru Employment Promotion and Workers Welfare (EPWW) Division with Telephone No. 400-6011. ATTY. SARAH BUENA S. MIRASOL ATTY. SARAH BUENA S. MIRASOL REGIONAL DIRECTOR Page 1 of 265 PM-NCR-03.01-F.05 NOTICE OF FILING OF APPLICATION/S FOR ALIEN EMPLOYMENT PERMIT/S (AEP/S) Notice is hereby given that the following companies/Employers have filed with this Regional Office application/s for Alien Employment Permit/s: Name and Address of Company/Employ Name of Foreign Position National/Citizenship 5 3D ANALYZER INFORMATION He, Menglan Customer Service TECHNOLOGIES INC.
    [Show full text]
  • Marina Bay Sands
    3Q19 Earnings Call Presentation October 23, 2019 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 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 company may make reference to certain non-GAAP financial measures including “adjusted net income,” “adjusted earnings per diluted share,” and “consolidated adjusted property EBITDA,” which have directly comparable financial measures presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), along with “adjusted property EBITDA margin,” “hold-normalized adjusted property EBITDA,” “hold-normalized adjusted property EBITDA margin,” “hold-normalized adjusted net income,” and “hold-normalized adjusted earnings per diluted share,” as well as presenting these or other items on a constant currency basis.
    [Show full text]
  • 2020 Annual Report
    Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142, 5725, 5727, 5733, 40246, 40247, 40584, 40585 www.sandschina.com From Luxury Duty Free Shopping, Exciting Entertainment and Fabulous Dining to World-Class Hotel Suites and MICE, Come and Discover Everything at Sands China. SANDS CHINA LTD. CONTENTS 1. OVERVIEW 4 1.1 Financial Results Summary 4 1.2 Highlights of 2020 5 1.3 Directors and Senior Management 11 2. BUSINESS REVIEW 18 2.1 Chairman’s Statement 18 2.2 Business Overview and Outlook 20 2.3 Our Properties 26 2.4 Management Discussion and Analysis 33 2.5 Priority Risk Factors 47 2.6 Stakeholder Information 59 3. CORPORATE GOVERNANCE 66 REPORT 3.1 Introduction 66 3.2 Corporate Governance Code Compliance 66 3.3 Board Governance Structure 67 3.4 The Board 68 3.5 Audit Committee 74 3.6 Remuneration Committee 76 3.7 Nomination Committee 78 3.8 Capex Committee 81 3.9 Risk Management and Internal Control 82 3.10 Shareholders 87 3.11 Compliance Disclosures and Other Matters 90 3.12 Directors’ Report 92 4. FINANCIAL STATEMENTS 113 4.1 Independent Auditor’s Report 113 4.2 Financial Statements 117 4.3 Notes to the Consolidated Financial Statements 123 4.4 Financial Summary 193 5. CORPORATE INFORMATION 194 6. CONTACT US 195 7. GLOSSARY 196 In case of any inconsistency between the English version and the Chinese version of this Annual Report, the English version shall prevail. SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS 2 ANNUAL REPORT 2020 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS our Luxurious Hotel Rooms and Suites await you.
    [Show full text]
  • 4Q16 Earnings Call Presentation January 25, 2017
    The Parisian Macao The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore (Opened Sept. 13, 2016) 4Q16 Earnings Call Presentation January 25, 2017 Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo, Las Vegas Forward Looking Statements This presentation contains forward‐looking statements that are 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, government regulation, tax law changes, legalization of gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao, our ability to meet certain development deadlines, 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 company may make reference to certain non‐GAAP
    [Show full text]
  • Morpheus Hotel Press Release
    Studio London Morpheus, a new flagship hotel for the City of Dreams resort in Macau, 10 Bowling Green Lane London EC1R 0BQ opens Friday 15 June 2018. T +44 20 7253 5147 F +44 20 7251 8322 Asia’s most popular entertainment destination, Macau welcomed more than 32 [email protected] million tourists in 2017, with visitor numbers increasing every year. Located in www.zaha-hadid.com Cotai, Macau, City of Dreams is a leading integrated resort including casino, two theatres, shopping district, 20 restaurants and four hotels. Informed by the fluid forms within China’s rich traditions of jade carving, the Morpheus Hotel Morpheus’ design combines dramatic public spaces and generous guest rooms City of Dreams Resort with innovative engineering and formal cohesion. Macau Conceived as a vertical extrusion of its rectangular footprint, a series of voids is carved through its centre to create an urban window connecting the hotel’s interior communal spaces with the city and generating the sculptural forms that Press release define the hotel’s public spaces. 14 June 2018 Linked at ground level with the surrounding three-storey podium of the City of Dreams resort, the Morpheus houses 770 guest rooms, suites and sky villas, and includes civic spaces, meeting and event facilities, gaming rooms, lobby atrium, restaurants, spa and rooftop pool, as well as extensive back-of-house areas and ancillary facilities. The design resolves the hotel’s many complex programmes within a single cohesive envelope. Zaha Hadid Architects (ZHA) was commissioned to build the hotel in 2012. At that time, foundations were already in place of a condominium tower that did not progress.
    [Show full text]
  • 2013 CCG Philippines
    Doing Business in the Philippines: 2013 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2010. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • Chapter 1: Doing Business in the Philippines • Chapter 2: Political and Economic Environment • Chapter 3: Selling U.S. Products and Services • Chapter 4: Leading Sectors for U.S. Export and Investment • Chapter 5: Trade Regulations, Customs and Standards • Chapter 6: Investment Climate • Chapter 7: Trade and Project Financing • Chapter 8: Business Travel • Chapter 9: Contacts, Market Research and Trade Events • Chapter 10: Guide to Our Services Return to table of contents Chapter 1: Doing Business In the Philippines • Market Overview • Market Challenges • Market Opportunities • Market Entry Strategy • Market Fact Sheet link Market Overview Return to top Key Economic Indicators and Trade Statistics • The Philippines was one of the strongest economic performers in the region last year, enjoying a 6.6 percent growth rate in 2012, second only to China. That growth continued into the first quarter of 2013, with a 7.8 percent year-on-year increase. The growth rate is projected to stay at about six percent or higher in 2013. • Government and consumer spending fueled the growth. On the production side, the service sector drove the acceleration, with the industrial sector (primarily construction and electricity/gas/water supply) also contributing to growth. Remittances by Overseas Foreign Workers (OFW) continue to be a major economic force in the country’s economy. GDP-per-capita has risen to about $2,600. • The national government’s fiscal deficit ended 2012 at 2.3 percent of GDP, below the programmed 2.6 percent-to-GDP ratio but up from two percent in 2011.
    [Show full text]
  • The Philippines Illustrated
    The Philippines Illustrated A Visitors Guide & Fact Book By Graham Winter of www.philippineholiday.com Fig.1 & Fig 2. Apulit Island Beach, Palawan All photographs were taken by & are the property of the Author Images of Flower Island, Kubo Sa Dagat, Pandan Island & Fantasy Place supplied courtesy of the owners. CHAPTERS 1) History of The Philippines 2) Fast Facts: Politics & Political Parties Economy Trade & Business General Facts Tourist Information Social Statistics Population & People 3) Guide to the Regions 4) Cities Guide 5) Destinations Guide 6) Guide to The Best Tours 7) Hotels, accommodation & where to stay 8) Philippines Scuba Diving & Snorkelling. PADI Diving Courses 9) Art & Artists, Cultural Life & Museums 10) What to See, What to Do, Festival Calendar Shopping 11) Bars & Restaurants Guide. Filipino Cuisine Guide 12) Getting there & getting around 13) Guide to Girls 14) Scams, Cons & Rip-Offs 15) How to avoid petty crime 16) How to stay healthy. How to stay sane 17) Do’s & Don’ts 18) How to Get a Free Holiday 19) Essential items to bring with you. Advice to British Passport Holders 20) Volcanoes, Earthquakes, Disasters & The Dona Paz Incident 21) Residency, Retirement, Working & Doing Business, Property 22) Terrorism & Crime 23) Links 24) English-Tagalog, Language Guide. Native Languages & #s of speakers 25) Final Thoughts Appendices Listings: a) Govt.Departments. Who runs the country? b) 1630 hotels in the Philippines c) Universities d) Radio Stations e) Bus Companies f) Information on the Philippines Travel Tax g) Ferries information and schedules. Chapter 1) History of The Philippines The inhabitants are thought to have migrated to the Philippines from Borneo, Sumatra & Malaya 30,000 years ago.
    [Show full text]
  • 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]