Lawrence Ho

    Mr. Lawrence Yau Lung Ho is the chairman and chief executive officer of Melco International Development Limited. He is also the chairman and non-executive director of Summit Ascent Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, since July 10, 2013. 2013, and since May 2016, is the chairman and chief executive officer of Melco Crown Entertainment. As a member of the National Committee of the Chinese People’s Political Consultative Conference, Mr. Ho also serves on numerous boards and committees of privately held companies in Hong Kong, Macau and mainland China. He is a member of the Board of Directors and a vice patron of The Community Chest of Hong Kong; member of Science and Technology Council of the Macau SAR Government; member of All China Youth Federation; member of Macau Basic Law Promotional Association; chairman of Macau International Volunteers Association; member of the Board of Governors of The Canadian Chamber of Commerce in Hong Kong; honorary lifetime director of The Chinese General Chamber of Commerce of Hong Kong; honorary Patron of The Canadian Chamber of Commerce in Macao; honorary president of Association of Property Agents and Real Estate Developers of Macau and director executive of Macao Chamber of Commerce. In recognition of Mr. Ho’s excellent directorship and entrepreneurial spirit, Institutional Investor honored him as the “Best CEO” in 2005. He was also granted the “5th China Enterprise Award for Creative Businessmen” by the China Marketing Association and China Enterprise News, “Leader of Tomorrow” by Hong Kong Tatler and the “Directors of the Year Award” by the Hong Kong Institute of Directors in 2005.As a socially–responsible young entrepreneur in Hong Kong, Mr. Ho was selected as one of the “Ten Outstanding Young Persons Selection 2006,” organized by Junior Chamber International Hong Kong. In 2007, he was elected as a finalist in the “Best Chairman” category in the “Stevie International Business Awards” and one of the “100 Most Influential People across Asia Pacific” by Asiamoney magazine. In 2008, he was granted the “China Charity Award” by the Ministry of Civil Affairs of the People’s Republic of China. And in 2009, Mr. Ho was selected as one of the “China Top Ten Financial and Intelligent Persons” judged by a panel led by the Beijing Cultural Development Study Institute and Fortune Times, and was named “Young Entrepreneur of the Year” at Hong Kong’s first Asia Pacific Entrepreneurship Awards.In 2014, Mr. Ho was selected by FinanceAsia magazine as one of the “Best CEOs in Hong Kong” for the fifth time, and was one of the recipients of the Asian Corporate Director Recognition Awards for three consecutive years. In 2015, he was also awarded “Asia’s Best CEO” at the Asian Excellence Awards by Corporate Governance Asia magazine for the fourth time, and was granted the Leadership Gold Award in the Business Awards of Macau.Mr. Ho graduated with a Bachelor of Arts degree in commerce from the University of Toronto, Canada in June 1999 and was awarded the Honorary Doctor of Business Administration degree by Edinburgh Napier University, Scotland in July 2009 for his contribution to business, education and the community in Hong Kong, Macau and China.

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    Melco Crown Q4 revenue, earnings tumble; Studio City on track

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    Grand opening of City of Dreams Manila on Feb. 2

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    Melco Crown unveils Studio City details

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    Studio City granted land development extension

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    Melco 2017 results driven by higher rolling chip and mass revenues

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    Melco Resorts named top gaming operator at IGA 2018

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    Japan, Osaka castle

    Melco opens Osaka office

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    Melco grants shares to Lawrence Ho

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    Melco International EBITDA jumps 80 percent

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    Melco Resorts & Entertainment CEO Lawrence Ho said the company will take care of the family of a worker who died at the construction site of its Morpheus hotel on Sunday. The 32-year old woman fell to her death while working at the hotel, which is scheduled to open this spring. “At present we are […]

    Melco Q1 revenue gains 3 percent

    Melco Resorts & Entertainment posted a 3 percent increase in Q1 revenue, driven by Studio City and Altira.

    Melco’s meta-Morpheus

    Melco Resorts and Entertainment exited one of gaming’s most successful joint ventures early last year, putting it in a position to reap the full potential of its Asian properties and to chart its own path into new jurisdictions. The company is building an integrated resort in Cyprus and is pushing hard for a license in […]

    Morpheus casino won’t use junkets: Lawrence Ho

    Melco’s new $1.1 billion hotel tower will not be using junkets to lure in Asian high rollers to its casino, chairman and CEO Lawrence Ho told Reuters. “Eventually it’s much better to develop your own database than rely on junkets,” said Ho on Friday. The new 160-meter tall hotel tower, Morpheus, will be located at […]

    Operators improve maternity/paternity benefits

    Melco Resorts & Entertainment, Sands China, MGM China and SJM Holdings have improved maternity and paternity leave benefits for employees. At Melco, paid maternity leave will be extended  from 8 weeks to 10 weeks from June 1st, while paid paternity leave will go from 3 (or 24 hours) to 5 days (or 40 hours) for […]

    Ho unveils cutting-edge concepts for Macau IRs

    Melco Resorts & Entertainment CEO Lawrence Ho says its Hollywood-themed Studio City resort will be ramping up its entertainment offerings in an “insane” way as part of the group’s determination to be at the cutting edge and stand out from other IRs.

    Melco’s Morpheus to open June 15

    Melco’s newest development, Morpheus, is set to open on June 15, 2018, according to an announcement from Lawrence Ho, chairman and CEO of Melco. Mr. Ho was speaking at a sneak-peak media press briefing at the Grand Hyatt in Macau on Tuesday, followed by a media tour. The $1.1 billion hotel tower is best known […]

    Ho open to partnering with Packer again

    During an interview with CNBC’s Christine Tan, Melco Resorts chairman and CEO Lawrence Ho said he “wouldn’t hesitate” to partner with Australian gaming mogul James Packer again should the opportunity arise. The partnership between Melco and Crown, known at the time as Melco Crown Entertainment, ended in May 2017, with Crown exiting its position in […]

    Japan IR revenues unlikely to reach Macau levels: Ho

    Melco Resorts Chairman and CEO Lawrence Ho does not expect that Japanese IRs will produce revenues on the scale of Macau, but he is nevertheless more than willing to build “a $10 billion plus resort” in either the Kansai or Kanto regions of the country.

    Melco Cyprus temporary casino to open June 28

    On Friday, Melco International Development held a ceremonial groundbreaking of City of Dreams Mediterranean, with expectations that the project’s first phase will open by 2021. Melco executives, including CEO Lawrence Ho assembled on the plot of land in Limassol, along with Cypriot president Nicos Anastasiades and Melis Shiakolas, CEO of Melco’s local partner CNS Group. […]

    Melco sponsors responsible gaming video

    Melco Resorts & Entertainment has sponsored a public service video to reinforce responsible gaming culture to be shown on Macau television.

    Ho confident of more table game allocation next year

    Melco’s Lawrence Ho is confident his company will be granted more new-to-market gaming tables next year, TDM News reports. The company’s newest hotel tower, Morpheus, officially opened its doors on Friday after receiving its hotel and gaming license on Thursday. The 770-room hotel opened with 40 gaming tables transferred from other Melco properties, however, Ho […]

    Melco initiates onsite safety training with DSAL

    Melco has launched its first on-site Hotel and Catering Safety Card Training with Labour Affairs Bureau (DSAL), the first of its kind in Macau. The full day program, attended by 53 Melco employees from various departments covered Occupational Safety and Health (OSH) topics relevant to the hotel and catering industry including workplace accident prevention, manual […]

    Melco Q2 hit by bad luck; COD Manila and Altira drive performance

    Melco Resorts & Entertainment reported an 8 percent gain in adjusted property EBITDA driven by its City of Dreams Manila and Altira properties, though overall revenue fell after a change in accounting practices.

    Melco Intl profit up 154.1 percent

    Melco International Development posted a three-fold increase in profit in the first half of 2018, attributed mainly to better group-wide gaming performance, recovery of previously provided doubtful debt, and lower finance costs. According to a filing from Melco to HKEx, profit before tax reached HK$1.1 billion, up from HK$0.4 billion in the prior year period. […]

    Operators mobilize staff for typhoon clean up

    Macau’s operators announced Monday they were mobilizing staff to help with the cleanup efforts after Typhoon Mangkhut, which swept through the territory at the weekend forcing the closure of casinos for the first time since concessions were granted in 2002.

    Melco wins four Green Key Awards

    Melco Resorts & Entertainment said it is the first in Macau to win four Green Key Awards, recognizing excellence in sustainability in its hotels.

    Melco board grants Ho $9.99m in shares

    Melco Resorts & Entertainment said its board had agreed to grant restricted shares amounting to about 0.09 percent of the group’s share capital to its chairman and CEO Lawrence Ho. Ho will receive 409,076 American depositary shares, which are equivalent to 1,227,228 Melco shares under a share incentive plan. The shares are not transferable and […]

    Melco receives workplace accolade

    Melco Resorts & Entertainment has been named among the Best Companies to Work for in Asia 2019 in the hospitality sector for Hong Kong and Macau.

    Melco Q1 revenue gains 4 percent on Macau mass market

    Melco Resorts & Entertainment posted a 4 percent gain in Q1 revenue, driven mostly by mass market table games in Macau, though the operator posted flat revenue from its operations in Manila and said it had turned cautious on the market due to increased competition.

    Melco wary of MGM-Orix partnership in Osaka

    During an earnings conference call, Melco Chairman and CEO Lawrence Ho seemed to acknowledge that MGM Resorts’ tie-up with the Orix Corporation would make them tough to beat for the Osaka IR license and that Melco was beginning to focus its attention on other parts of Japan. “We have seen the MGM partnership with Orix […]

    Lawrence Ho steals the show at Japan Gaming Congress

    Melco Resorts & Entertainment Chairman and CEO Lawrence Ho came ready for action on the first day of the Japan Gaming Congress, announcing that his firm would dramatically raise the global standard of IR industry, and presenting a stunning array of visual demonstrations of his “City of the Future” concept for the Osaka Yumeshima site.

    Video: AGB Nippon’s Full Interview with Lawrence Ho

    Melco Resorts & Entertainment Chairman and CEO Lawrence Ho sits down for an exclusive twenty-minute interview with AGB Nippon Executive Editor Michael Penn, discussing the challenges of his firm’s campaign to win one of the three Integrated Resort licenses in Japan.

    Melco agrees to buy $1.75b Crown stake

    Melco Resorts & Entertainment said it agreed to buy an almost 20 percent stake in Crown Resorts for A$1.75 billion ($1.2 billion) just two years after the Australian company withdrew from a decade-long venture with the Macau-based operator.

    NSW regulator to study Crown Sydney after Melco buy in

    The gambling regulator in New South Wales plans to review its 2014 approval for Crown Resorts to build a six-star property in Barangaroo, Sydney, after Macau’s Melco Resorts & Entertainment bought a 19.9 percent stake in the Australian operator, Reuters reports.

    Crown acquisition will help Japan bid: Lawrence Ho

    Melco Resorts chairman and CEO, Lawrence Ho says that their recent acquisition of shares in Crown Resorts will help to accelerate their bid for a Japan casino license. Mr. Ho was speaking at a special media roundtable on Tuesday in Macau, where he also expressed optimism for Macau’s gaming revenue growth this year. The Macau […]

    Morpheus wins Prix Versailles architecture and design award

    Melco Resorts & Entertainment’s new Morpheus hotel has become the first in Macau to win a Prix Versailles regional award for design and architecture.
    MGM Cotai

    Melco, MGM announce anniversary bonuses

    MGM China and Melco Resorts and Entertainment said they will pay a bonus equivalent to one month’s salary to celebrate the 70th anniversary of the founding of The People’s Republic of China and the 20th anniversary of the establishment of Macau as a Special Administrative Region.
    Melco's Morpheus Hotel Macau

    Morpheus boosts Melco’s Q2 results

    Melco Resorts & Entertainment said its Q2 revenue rose 17 percent, helped by the opening of its Morpheus hotel in June last year and higher hold rates, though performance at its City of Dreams Manila property weakened on increased competition.

    Melco partners with the Yokohama F. Marinos football club

    Melco Resorts & Entertainment has entered into its first sports partnership in Japan by becoming a sponsor for the Yokohama F. Marinos J1 League football club. Melco Chairman and CEO Lawrence Ho commented, “This partnership contract is not only a business sponsorship, but rather a broad business partnership to enliven the community through various activities […]
    Crown casino

    Crown stake sale to Melco faces probe after media allegations

    New South Wales regulators have launched a probe into the sale of a stake in Crown Resorts to Melco Resorts & Entertainment following an investigative news report alleging illegal operations. 
    Yokohama Mayor Fumiko Hayashi

    Major IR operators scramble to Yokohama

    The official announcement by Mayor Fumiko Hayashi that Yokohama would enter the IR race in earnest has set off a scramble among major IR operators, with Las Vegas Sands announcing that it was completely abandoning its efforts to partner with the Osaka government and Melco announcing its intention to open a Yokohama office with a new executive in charge.

    Melco announces “Yokohama First” policy

    Melco Resorts & Entertainment announced on Wednesday that it would focus its IR campaign on Yokohama and that it was suspending its participation in bidding for the Osaka Yumeshima location.
    Keio University

    Keio University provides seminar to Melco execs

    Melco Resorts & Entertainment partnered with Keio University to give more than twenty of the IR operator’s foreign executives a seminar on Japanese history, culture, and business practices. The seminar took place in Tokyo on September 14.
    Melco SBA award

    Melco gets Philippines sustainability award

    Melco Resorts & Entertainment said it has been recognised by the 2019 Sustainable Business Awards Philippines for its performance on energy management and employee development.

    Melco Q3 revenue gains, with mass at record

    Melco Resorts & Entertainment reported a 16 percent gain in Q3 revenue helped by a strong performance at City of Dreams Macau and a record performance from the mass market and slots.

    Lawrence Ho expects 2019 to be a ‘down year’

    Melco Resorts & Entertainment chief executive Lawrence Ho said he expects the US-China trade war and renminbi devaluation to cause a ‘down year’ for Macau’s operators.  He made the comments in an interview with CNBC over the weekend.  “With the US-China trade war, with the renminbi devaluation it’s certainly having an impact on visitation into […]

    Gaming-linked candidates tout social fund, workers’ rights

    Macau’s sixth Legislative Assembly elections will take place on Sunday, with gaming-related candidates proposing more concessions, a social fund and better workers’ rights as part of their platforms. Seven gaming-linked candidates are competing as part of a 24-strong field for the 14 available seats.

    Ten years on, Melco Crown faces uncertain future

    Almost a decade on from Melco Crown Entertainment’s 2006 IPO, there are signs that the joint venture between two of the world’s largest casino operators is not meeting its sky-high expectations.

    Tigre de Cristal counts on unique position, tourism under penetration

    Summit Ascent Holdings is counting on the under penetration of the North Asian markets and its head start in the Primorye gaming zone to ensure the success of its new Tigre de Cristal property in Russia’s Far East. Speaking to AGB, Eric Landheer, Director - Corporate Finance and Strategy of Summit Ascent Holdings says the resort has a unique market position and is one of the only true integrated resorts in northern Asia. 

    Can Siberia’s Tigre de Cristal roar in Russia’s Far East?

    The first casino in Russia’s Far East, which has been touted as a potential Macau of the north, has officially opened after lengthy delays.The Tigre de Cristal held its soft launch on Oct. 8th in the Primorye gaming zone near the city of Vladivostok. The debut of the casino has been postponed multiple times since 2011, but the pace of development picked up when Asian investors became involved in the project in 2013. The resort is expected to appeal mainly to travellers from northern China and Korea, although unlike in many other Asian countries locals will also be able to participate. About 300 million people live within a three-hour flight of Vladivostok. 

    Melco counts on Batman, magic to lure crowds to Studio City

    With the opening of Galaxy Entertainment’s Phase II development seemingly doing little to generate additional traffic in Macau, the focus has now shifted to the launch of Melco Crown Entertainment’s $3.2 billion Studio City property later this year.Most analysts see the cinematic-themed property as the true game changer when it comes to boosting non-gaming facilities in Macau and therefore a better indicator as to whether the territory can diversify and attract a wider tourist base.

    Primorye activity heats up, with $1.1b in planned new investment

    The gambling zone of Primorye in Russia’s Far East continues to pull ahead of rivals, with the expected summer opening of Summit Ascent’s integrated resort and news of two other major investments worth more than $1 billion. 

    Macau changing its game

    Macau Chief Executive Fernando Chui Sai On sent a clear message to the casino industry in the first policy address of his second term in office this week - the government is no longer just paying lip service to diversifying the economy away from gambling. The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for 85 percent of its income. However, after nine straight months of declining revenue that triggered a 17 percent contraction in Q4 gross domestic product, Chui said the industry is going through a phase of “adjustment.”The territory, which in just over a decade has grown its industry to be more than seven times the size of Las Vegas, is currently dependent on gambling for about 85 percent of its income. However, after nine straight months of declining revenue that triggered a 17 percent contraction in Q4 gross domestic product, Chui said the industry is going through a phase of “adjustment.”The government has cut its projected revenue from gambling receipts this year to average 20 billion patacas ($2.5 billion) a month from 27.5 billion patacas, while analysts are forecasting a second year of contraction, possibly by as much as 30 percent, according to Deutsche Bank.In his address, Chui said the government will strengthen its oversight of the casino industry as licenses come up for renewal and may require the companies to regularly submit their investment and development plans for review, in particular with regard to non-gaming activities. A tourism panel, under Chui’s supervision, will draft a five-year plan for stable casino growth that will make the region less reliant on casino revenue. Macau, Chui said, will become a center of tourism and leisure travel.

    Training ground – how casinos are promoting from within

    For operators in Asia, it has become easier to promote from within, rather than look further afield.
    Japan, Yokohama (generic)

    Yokohama bid holds promise and perils

    Yokohama Mayor Fumiko Hayashi's announcement that her government would make an IR bid reshaped the licensing race in a way that few other events have done.
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