• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 30 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Lawrence Ho to grow control with new US$500 million Melco share repurchase

Newsdesk by Newsdesk
Fri 23 Nov 2018 at 07:48
Lawrence Ho doubles down on US$10 billion Japan pledge

Lawrence Ho

Print Friendly, PDF & Email

Melco Resorts and Entertainment’s Chairman and CEO Lawrence Ho has given the green light to a new share repurchase program, permitting the purchase of up to US$500 million Melco Resorts Shares over a three-year period from 8 November 2018.

Melco had originally announced plans for the new repurchase program on 8 November but needed shareholder approval in order to proceed. Such approval was never in doubt given that Ho and people or companies directly associated with him control 53.34% of the company.

The repurchase program follows completion of a previous program approved in March that has seen Melco purchase shares worth US$490 million over the past seven months.

Explaining its reasons for the new program, Melco said in a Thursday filing that it would, “benefit from the trading of Melco Resorts’ securities under current market conditions,” adding it “reflects the confidence of the company in Melco Resorts’ long-term strategy and growth prospects.

“The new share repurchase program is in addition to Melco Resorts’ earlier share repurchase program announced on 21 March 2018, which has nearly been exhausted.”

Full implementation of the program would see majority shareholder Melco International Development’s indirect holding of Melco Resorts’ outstanding share capital increase from approximately 53.78% to around 57.42% assuming current conditions remain steady.

Ho has been actively looking to gain greater control of Melco Resorts as well as reducing the complexity surrounding some of its interests in recent months, most notably via its Studio City IPO and tender offer for shares in Melco Resorts and Entertainment (Philippines) Corp.

RelatedPosts

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

Mon 30 Jun 2025 at 12:26
Macau ranks first in China Tourism Academy’s “2024 Chinese Travellers Outbound Satisfaction Top 10 Destinations”

Macau ranks first in China Tourism Academy’s “2024 Chinese Travellers Outbound Satisfaction Top 10 Destinations”

Sun 29 Jun 2025 at 09:57
Charles Seo – Opportunity knocks

Charles Seo – Opportunity knocks

Fri 27 Jun 2025 at 13:03
Macau hotel room rates soar ahead of Chinese New Year holidays

Macau’s hotel occupancy rate rises 4.5 percentage points to 87.8% in May

Thu 26 Jun 2025 at 19:24
Load More
Tags: Lawrence HoMacauMelco Resorts & Entertainmentshares
Share5Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Thai government confident of passing IR bill into law as early as mid-2025

Thai government says House debate of casino bill will only be postponed for a month

by Newsdesk
Mon 30 Jun 2025 at 14:46

House debate on Thailand’s controversial Entertainment Complex Bill will be delayed by only a month, the ruling Pheu Thai Party said Monday – seemingly allaying industry fears that the bill could be dropped altogether. In comments reported by The Bangkok...

Cebu’s NUSTAR Hotel makes immediate mark by entering Michelin Guide Hotel List

Cebu’s NUSTAR Hotel makes immediate mark by entering Michelin Guide Hotel List

by Newsdesk
Mon 30 Jun 2025 at 14:04

NUSTAR Hotel, the recently opened ultra-luxury hotel at Cebu’s NUSTAR Resort & Casino, has been named for the first time in the Michelin Guide’s list of recommended hotels for 2025. The Michelin Guide Hotel List is assessed each year by...

Star celebrates long-awaited opening of AU$3.6 billion Queen’s Wharf Brisbane development

Star’s Hong Kong partners terminate deal to acquire 100% of Queen’s Wharf Brisbane

by Ben Blaschke
Mon 30 Jun 2025 at 13:40

Star Entertainment Group’s Hong Kong partners, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, have given notice of their intention to terminate an agreement that would have seen them acquire a combined 100% stake in the Queen’s...

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

by Newsdesk
Mon 30 Jun 2025 at 12:26

Macau-incorporated 113 East Limited has gained distribution rights for two environmental technologies that it says can go a long way towards improving Macau’s environmental footprint – including within its integrated resorts. The technologies, which 113 East Limited says are available...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English