• 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

Melco Int 2018 dividend nod, seeks new independent director

Jun 14, 2019 Newsdesk Latest News, Macau, Philippines, Top of the deck, World  


Melco Int 2018 dividend nod, seeks new independent director

Shareholders of global casino investor Melco International Development Ltd have approved a final dividend for 2018.

The decision was ratified at the annual general meeting on Thursday.

Melco International’s management had recommended in its annual results issued on March 29 a final dividend totalling HKD35.7 million (US$4.6 million) or HKD0.0235 per share. At the time, the firm said it was likely the dividend would be paid on July 5.

The firm is the parent of Macau and Philippines casino operator Melco Resorts and Entertainment Ltd.

Melco International also runs in its own right a temporary casino and several satellite venues in the Republic of Cyprus as part of a monopoly licence there with local partners. Melco International will eventually launch a major new venue on the island: the under-development City of Dreams Mediterranean.

The Melco brand is also a suitor for a Japan casino licence after legalisation of such business by that country’s lawmakers last year.

Melco International’s 2018 profit attributable to shareholders rose by 10.2 percent year-on-year, to nearly HKD522.6 million.

It was also announced after Thursday’s meeting that the number of independent non-executive directors had fallen below a minimum of one-third of the board – as required under Hong Kong Stock Exchange rules – because of the retirement that day of Anthony Tyen Kan Hee.

Mr Tyen had also been chairman of Melco International’s audit committee and its nomination committee, as well as having been on its remuneration committee and the corporate governance committee.

“In order to comply with the listing rules, the company will strive to identify a suitable candidate to fill the… vacancies as soon as practicable and in any event within three months from June 13,” it said in a Thursday filing to the bourse.


  • tweet
Related articles
  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  

  • Macau mass revenue likely at US$3.4bn in 1Q: MS
    Macau mass revenue likely at US$3.4bn...

    Mar 15, 2023  

More news
  • Main-building work at Naga 3 begins mid-2023: NagaCorp
    Main-building work at Naga 3 begins...

    Mar 24, 2023  

  • Macau diversification into non-gaming to remain slow: Fitch
    Macau diversification into non-gaming...

    Mar 24, 2023  


Latest News

Main-building work at Naga 3 begins mid-2023: NagaCorp

Main-building work at Naga 3 begins mid-2023: NagaCorp

Mar 24, 2023  

Piling work for Naga 3, an addition to the NagaWorld gaming complex in Cambodia’s capital Phnom Penh, was at “96 percent completion”, said the promoter’s 2022 annual report, issued on...
Read More
Macau diversification into non-gaming to remain slow: Fitch

Macau diversification into non-gaming to remain slow: Fitch

Mar 24, 2023  

Osaka to up ‘gambling addiction’ centres before IR opens

Osaka to up ‘gambling addiction’ centres before IR

Mar 24, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


April 8, 2028

Completion deadline for 'Marina Bay Sands 2.0', as authorised by Singapore’s authorities



Most Popular

  • Sands China woos Singaporeans as Air Macau opens routeSands China woos Singaporeans as Air Macau opens route March 23, 2023
  • March 18 Macau arrivals nearly 100k, best since pandemicMarch 18 Macau arrivals nearly 100k, best since pandemic March 23, 2023
  • Contractor named, work starts for Wynn UAE schemeContractor named, work starts for Wynn UAE scheme March 23, 2023
  • LVS gets 1-year extension for Marina Bay Sands 2.0 startLVS gets 1-year extension for Marina Bay Sands 2.0 start March 24, 2023
  • Universal Ent affiliate to develop land next to Okada ManilaUniversal Ent affiliate to develop land next to Okada Manila March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us