Melco announces HK$20 million donation to support and accele

EMPTY

|Jan 30|magazine13 min read

MACAU, Jan. 30, 2020 /PRNewswire/ -- In light of the serious public health concerns associated with the new strain of coronavirus outbreak, Melco announced today it is working with the Government to donate HK$20 million to support initiatives for Melco. The donation will be used to purchase medical supplies including face masks and hand sanitizers, as well as to support the local community as needed.

Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco, said, "Our thoughts are with the people of Wuhan and Hubei, and all those who are impacted by the new strain of the coronavirus. We hope this donation helps accelerate the preventive measures to contain the spread of the virus. Melco fully supports the Government's initiatives to contribute to the health and wellbeing of those affected in the community."

The health and safety of guests and colleagues are Melco's utmost priority. The Company has stringent operational protocols in place to safeguard the wellbeing of all visitors and colleagues across its properties. In response to the serious public health concerns associated with the coronavirus infection in Macau and around the world, Melco is deferring all non-essential business travel until further notice and will postpone a number of events until it is clear that public health concerns are restored to normal. Melco has been in close contact with the local authorities and is following government guidelines on specific preventive measures to be adopted. Melco has taken immediate measures including heightened monitoring and frequent disinfection within its properties to prevent the spreading of the virus.

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated entertainment, retail and gaming resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is scheduled to open in 2021 and expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first casino in the Republic of Cyprus, and three satellite casinos with a fourth satellite casino scheduled to open in the coming months ("Cyprus Casinos"). Upon the opening of City of Dreams Mediterranean, the Company will also continue to operate the four satellite casinos while operation of the temporary casino will cease. The Company also holds equity interests in Crown Resorts Limited ("Crown"), a company listed on the Australian Securities Exchange and which operates two of Australia's leading integrated resorts, Crown Melbourne Entertainment Complex and Crown Perth Entertainment Complex. In the United Kingdom, Crown operates Crown Aspinalls, a high-end licensed casino in London. Crown's development projects include the Crown Sydney Hotel Resort at Barangaroo on Sydney Harbour. Crown also holds equity interests in the Aspers Group and Nobu and has interests in various digital businesses. For more information about the Company, please visit www.melco-resorts.com.

The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

SOURCE Melco Resorts & Entertainment Limited