Tagged Lawrence Ho

Melco Resorts debuts responsible gaming video for Macau

June 13, 2018

Hong Kong-headquartered casino operator, Melco Resorts & Entertainment Limited (MLCO:NASDAQ GS), recently announced that it has debuted a company-sponsored public service video that promotes responsible gam...

Melco reveals June 15 Morpheus opening date

Sadonna Price

May 15, 2018

Latest Casino and Gambling News, New Hotels, Macau

Melco Resorts and Entertainment Limited (NASDAQ: MLCO) has announced that its latest hotel development will be opening soon. The $1.1 billion Morpheus hotel tower designed by the late Dame Zaha Hadid will be re...

Adelson reigns as king on Forbes list of wealthy gaming investors

K Morrison

March 12, 2018

Austria, Latest Casino and Gambling News, Las Vegas, Macau, Singapore, Nevada

Forbes recently published its World's Billionaires list and a number of casino tycoons from the US and abroad rank among them. Despite descending one position in the overall ranking, Sheldon Adelson (picture...

Melco takes home top Gaming Operator at International Gaming Awards 2018

K Morrison

February 10, 2018

Awards, Latest Casino and Gambling News, United Kingdom

This year’s recipient of Gaming Operator of the Year, Australia/Asia at the International Gaming Awards (IGA) 2018 is Hong Kong-headquartered Melco Resorts & Entertainment (Nasdaq:MLCO). Developer, owner an...

Tigre de Cristal casino posts interim numbers for 2017

Lars Jones

September 1, 2017

Latest Casino and Gambling News, Economy/Finance, Russia, Russia

Lawrence Ho's Tigre de Cristal casino and hotel located near Vladivostok, Russia has seen VIP revenues increase 20% while mass gaming fell January through June compared to the same period a year ago. Summit ...

Federal authorities take control of Primorye Entertainment Zone

K Morrison

July 5, 2017

Latest Casino and Gambling News, Casino project updates, Fines, Lawsuits & Litigation, Russia

Concerns regarding the slow development of the region have reportedly led to the federal government usurping control of the Primorye Entertainment Zone near Vladivostok, Russia, from the local government. As...

Tigre de Cristal taps northern China elite market from Siberian casino

Lars Jones

March 9, 2017

Latest Casino and Gambling News, Economy/Finance, Russia, Russia

Although it may appear as if the first casino in Russia's Primorski Krai, Tigre de Cristal near Vladivostock, may have gotten off to a slow start, that may be a matter of perspective. GGRAsia is reporting th...

Melco Crown Chairman Lawrence Ho to take on more responsibility after COO resigns

Renee Kingsley

November 9, 2016

Latest Casino and Gambling News, World Casino News, Employment & Careers, Macau

Hong Kong casino tycoon Lawrence Ho gained control over Melco Crown Entertainment Ltd earlier this year after James Packer’s Crown Resorts decided to reduce its stake in the company. Melco Crown is one of the s...

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Renee Kingsley

November 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry has experienced three consecutive months of increase in its gross gaming revenues (GGR) and gaming analysts believe that the biggest gambling hub in the world is finally experiencing a t...

Cyprus government gives Melco-Hard Rock casino approval to proceed with construction phase

Renee Kingsley

November 5, 2016

Latest Casino and Gambling News, Casino proposals, Cyprus

The Melco-Hard Rock Resorts Cyprus consortium recently announced that it had received approval from the government of the Republic of Cyprus to create a casino gaming venue. The Melco led consortium was initial...

Ho says no plans for Crimea or Sochi

Sadonna Price

October 14, 2016

Latest Casino and Gambling News, Russia

Just a few weeks ago, reports had surfaced that Summit Ascent Holdings Ltd and SJM Holdings Limited may be interested in becoming involved in the Crimean gaming zone. Both Stanley Ho and his son Lawrence were r...

Ferry ticket discount deal inked between Melco and Shun Tak

K Morrison

October 11, 2016

Latest Casino and Gambling News, Macau, Mergers, Acquisitions & Partnerships

A deal has been reached between Hong Kong-based Melco International Development Ltd, (HKG:0200), whose chairman is billionaire gaming mogul Lawrence Ho, and Shun Tak Holdings Limited ("The Group") (HKSE 242) th...

Ho family eyes Crimean gambling zone as possible investment?

K Morrison

October 6, 2016

Latest Casino and Gambling News, Casino project updates, Russia

Stanley Ho-controlled SJM Holdings Limited (HKG:0880) and Summit Ascent Holdings Ltd (HKG:0102), controlled by son Lawrence, may be looking to add the Crimean gaming zone to their substantial investment portfol...

Tigre De Cristal principal posts six-month profit

Adam Morgan

September 2, 2016

Latest Casino and Gambling News, Economy/Finance, Russia

The company behind the Tigre De Cristal casino resort in Russia’s Primorsky Krai region, Summit Ascent Holdings Limited, has released its consolidated financial results for the six months to the end of June sho...

Deal between MelcoLot and Melco for Catalonia, Spain casino cancelled

K Morrison

June 16, 2016

Latest Casino and Gambling News, Casino project updates, Mergers, Acquisitions & Partnerships, Spain

Melco International Development Ltd (HKG: 0200) and Lawrence Ho’s Hong Kong-listed MelcoLot Ltd (HKG:8198) announced in a filing on Tuesday with the Hong Kong Stock Exchange that a deal between the two regardin...