• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Lawrence Ho further increases stake in Melco Resorts

Feb 22, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck  


Lawrence Ho further increases stake in Melco Resorts

Casino entrepreneur Lawrence Ho Yau Lung (pictured) has increased his stake in Nasdaq-listed Asian gaming business Melco Resorts and Entertainment Ltd. It was the second time in fewer than four months that his equity participation in the firm went up.

The news was given in a Thursday filing to Nasdaq. According to the document, Mr Ho’s stake – and that of entities controlled by him or his family – in Melco Resorts has increased to 55.8 percent.

In November last year, it was announced that Mr Ho had upped his stake in the casino operator to 54.6 percent. As of April 2018, Mr Ho and his interests held approximately 51.06 percent of Melco Resorts according to the latter’s 2017 annual report filed that month.

Mr Ho personally holds shares in Melco Resorts, as well indirectly via his interests in Melco International Development Ltd, the Hong Kong-listed parent firm of Melco Resorts. Since November, Mr Ho’s personal position in Melco Resorts increased by almost 1.6 million shares, to close to 13.25 million shares, the data included in Thursday’s filing showed.

Mr Ho’s overall controlling position in Melco Resorts benefitted from an ongoing US$500-million share repurchase programme announced by the company in November. Since then, Melco Resorts has repurchased approximately 10 million of its American depository shares. Each Melco Resorts’ American depository share is equivalent to three shares in the company.

As of Thursday, Mr Ho and his interests beneficially owned an aggregate of 836,563,396 ordinary shares of Melco International, representing approximately 55.05 percent of Melco International’s outstanding ordinary shares.

Melco Resorts operates casinos in Macau and one in the Philippines, and is working to obtain a casino licence in Japan.  The firm announced on Tuesday a 57.7-percent year-on-year increase in profit for the fourth quarter of 2018.


  • tweet
Related articles
  • CoD Mediterranean construction facing delays: Lawrence Ho
    CoD Mediterranean construction facing...

    May 06, 2022  

  • Melco Resorts 1Q EBITDA of US$56mln, narrows loss
    Melco Resorts 1Q EBITDA of US$56mln,...

    May 06, 2022  

More news
  • New Lim cruise biz only months after GEN HK in liquidation
    New Lim cruise biz only months after...

    May 18, 2022  

  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  


Latest News

New Lim cruise biz only months after GEN HK in liquidation

New Lim cruise biz only months after GEN HK in liquidation

May 18, 2022  

A casino cruise brand reportedly controlled by Malaysian entrepreneur Lim Kok Thay is to launch services from Singapore fewer than five months after the Lim family-founded Dream Cruises brand of the...
Read More
Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us