Melco Resorts & Entertainment Ltd’s president and director, Evan Winkler, sold 390,000 shares of the company’s common stock on Monday, grossing approximately US$3.8 million, according to a filing by the U.S.-listed group.
Following the sale, Mr Winkler remained the beneficial owner of 1,276,540,382 shares in Melco Resorts, the filing showed. The shares sold had been awarded to him in March 2023 under Melco Resorts’ stock incentive plan.
Melco Resorts appointed Mr Winkler as company president in September 2019. He is also president and managing director of Melco International Development Ltd, the parent company of Melco Resorts. Mr Winkler joined Melco International in August 2016.
Net income attributable to Melco Resorts rose by 174 percent year-on-year in the third quarter, reaching nearly US$74.7 million, compared with almost US$27.3 million, the company said in November.
Melco Resorts operates casinos in Macau, one in the Philippine capital, Manila, and several in the Republic of Cyprus. During the third quarter, it also launched a new casino in the Sri Lankan capital, Colombo.
