Lawrence Ho, Melco Chairman and CEO,
commented: "Macau continues on its strong growth trajectory, with all gaming
segments delivering impressive year-over-year growth driven by improving
tourism demographics, an ongoing improvement in player sentiment as well as an
expansion of non-gaming amenities across Macau.”
"As Macau evolves into a destination that offers a full breadth of gaming and
non-gaming amenities to a wider range of customers from around the region, we
are committed to ensuring our integrated resorts are well positioned to cater
to these evolving trends,” Ho added.
"In the Philippines, City of Dreams Manila continues to deliver record revenue and Property EBITDA, resulting in an impressive return on invested capital,” continued Ho. "Our decision to invest in this fast growing and attractive market is testament to our approach of identifying and investing in markets that drive long term value for our shareholders.”
"While we remain committed to maximizing profitability of our current operations, we are also heavily focused on identifying additional value-accretive expansion opportunities, with a particular focus on Japan,” concluded Melco CEO. "We believe that our high quality assets, market-leading social safeguard systems and commitment to being an ideal partner to local governments and communities alike, as we have shown in Macau and the Philippines, places us in a strong position to compete for a license in this exciting market.”
Source: GMB / Innovate Gaming
