Macau, Friday, 25 August 25, 2017 - Melco Resorts & Entertainment (Nasdaq: MLCO) (“Melco Resorts” or the “Company”), a developer, owner and operator of gaming and entertainment resort facilities in Asia, today created a $30m MOP cash relief fund to support the employees, the community and the restoration efforts in the aftermath of Typhoon Hato in Macau. To bring the full weight of its available task force to bear, the company halted construction at its new Morpheus hotel tower to reassign all 2,000 construction workers to join government-led restoration efforts through the weekend across the city’s worst-affected areas. A 2,500-strong task force of Melco volunteers and construction workers has also been formed to help clear debris, distribute bottled water and support the immediate needs of the general public.
Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment said: “This is the worst typhoon Macau has seen in over half a century: Melco and I personally are 100% committed to sharing our collective resources to help the city and its people arrive at a swift and total restoration of order, including our own employees.”
Melco has been working closely with the Government since the storm passed through the city earlier this week, including implementing power conservation measures throughout all properties. Its Volunteer Task Force has further committed to support the relief efforts until normal order is restored throughout the community. With full support from the Company, employees of all Melco properties, including City of Dreams, Studio City and Altira, as well as Morpheus construction workers, have all been invited to join the initiative.
All events at Melco properties have been cancelled through the weekend so that employees can continue to support the clean-up.
Melco will provide its employees all the support, understanding and flexibility necessary in their work hours to assist their families and restore order to their daily life.
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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. 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.cityofdreams.com.ph), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. 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.
For media enquiries, please contact:
Melco Resorts & Entertainment
Tel: +852 3151 3765
Tel: +852 9628 3350
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