• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 28 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
  • 中文
  • 日本語
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
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Major investor liking Melco-Crown reunion as Melco sees shares soar

Newsdesk by Newsdesk
Wed 10 Jul 2019 at 19:32
Crown Resorts found suitable to retain Melbourne casino license but China investigation ongoing

Crown Melbourne

45
SHARES
857
VIEWS
Print Friendly, PDF & Email

ASX-listed investment firm Perpetual has thrown its support behind the recent acquisition of a 19.99% stake in Australian casino operator Crown Resorts by its former Macau business partner Melco Resorts & Entertainment.

In an interview with the Australian Financial Review this week, Perpetual fund manager Garry Laurence – whose company holds shares in both Melco and Crown – revealed he was pleased to see the two coming together again due to the considerable opportunities it presents.

“We always liked Crown’s exposure to Macau through Melco,” he said. “And we’ve always respected Lawrence Ho’s ability to manage casinos and also new builds.”

Asked about what benefits Melco would gain from entering the Australian domestic market – with Crown currently operating properties in Melbourne and Perth and set to launch its US$2.2 billion Crown Sydney at Barangaroo, Laurence said, “I think the opening of Barangaroo will really create a huge opportunity for Crown.

“We think Lawrence Ho sees that and wants to diversify the group to a mix of growth in Macau, but also with some more stable assets in Australia.”

Laurence’s comments come with shares in Melco Resorts having risen 25.4% to US$23.59 and in parent company Melco Development Ltd by 29.6% to HK$19.92 since the start of June, buoyed by the Crown acquisition and a recent easing of US-China trade tensions.

RelatedPosts

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
South Shore shareholders convene SGM to vote on winding up of the company

THE 13’s new owner revealed to be family of Rio Hotel chair Loi Keong Kuong

Thu 26 Jun 2025 at 19:23
Wynn opens Macau’s first Korean medical center at Wynn Palace

Wynn opens Macau’s first Korean medical center at Wynn Palace

Thu 26 Jun 2025 at 05:57
Load More
Tags: ASXAustraliaCrown ResortsMacauMelco InternationalMelco Resorts & EntertainmentPerpetualshareholder
Share25Share2
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
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

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 is slowly but surely making moves to establish a genuine regulatory framework. Sri Lanka’s casino industry has a vibrant yet...

More fun in the Philippines

IAG EXPO – Exhibitor registration closing soon!

by Ben Blaschke
Fri 27 Jun 2025 at 06:31

The cut-off for exhibitors to confirm their participation at the inaugural IAG Exhibition, part of IAG EXPO, closes next Monday 30 June 2025. Don’t miss out on this important event for the Asian gaming industry. All companies who exhibit at IAG Exhibition in...

Inside Thai IRs

Thailand’s Entertainment Complex Bill now at bottom of parliamentary agenda

by Newsdesk
Fri 27 Jun 2025 at 06:26

Thailand’s Entertainment Complex Bill will now sit at the bottom of the list of agenda items to be discussed by the House when it convenes after being deprioritized. It will not fall off the agenda completely, however, because this can...

Far East given green light to spin-off and list Czech casino business on Hong Kong Stock Exchange

Hong Kong listed Palasino reports slight increase in revenue, profit in FY25 thanks to growing slot machine count

by Newsdesk
Fri 27 Jun 2025 at 06:13

Palasino Holdings Limited, the Hong Kong-listed gaming firm spun off from Hong Kong real estate giant Far East Consortium, has reported a profit of HK$15 million for the year ended 31 March 2025, slightly more than the HK$9 million reported...



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
  • 中文
  • 日本語

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
  • 中文
  • 日本語
  • 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.

  • 中文
  • English
  • 日本語