As awareness of the importance of ESG issues has grown, attention has turned to how to measure and evaluate their impact on companies. Seung-Kook Synn, Keun Woo Lee and Hee Yang of Yoon & Yang explain more
July 08 2021
Following the Paris Agreement in 2015, green investing has become an essential factor in sustainable development and investment strategy. It is being employed by major countries around the world, including the EU, the US and China for setting out targets to reduce greenhouse gas emissions, promote green new deals, and establish targets for achieving carbon neutrality.
After announcing its European Green Deal, which committed a total investment of €1 trillion ($1.19 trillion), the EU introduced the European Climate Law in March 2020, and followed it up with measures such as the guide on climate-related and environmental risks in November 2020, and the EU taxonomy. It has also announced that it will impose a carbon border tax on imports by 2023. President Joe Biden of the US has also announced, as a part of his campaign pledge, an environmental policy shift to rejoin the Paris Agreement, to invest $2 trillion in clean energy and infrastructure,
Casino operator Melco Resorts and Entertainment Ltd could see its 2021 revenue recover to 50 percent of 2019 levels, says a Thursday note from Moody’s Investors Service Inc.
This would probably be “driven by a faster recovery in the mass-market segment than the VIP segment,” said analysts Sean Hwang, Gloria Tsuen, and Keun Woo Park.
Melco Resorts’ key market is Macau, where it runs the City of Dreams and Studio City resorts on Cotai, and Altira in Taipa. It also runs the City of Dreams Manila casino resort in the Philippine capital, and has gaming operations in the Republic of Cyprus.
Recently-issued Macau government data on the structure of the gaming market in the first quarter, showed that mass-market games – including slot machines – provided 61.4 percent of all Macau’s casino gross gaming revenue (GGR), at MOP14.51 billion (US$1.82 billion).