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Melco becomes first in Macau and the Philippines to receive esteemed third-party Responsible .
Melco Resorts & Entertainment LimitedApril 15, 2021 GMT
MACAU, April 15, 2021 (GLOBE NEWSWIRE) Melco Resorts & Entertainment announces it has become the first integrated resort operator in Macau and the Philippines to achieve the esteemed international third-party responsible gaming accreditation RG Check, with its entire integrated resort portfolio including Altira Macau, City of Dreams Macau, Studio City and City of Dreams Manila receiving the certification. Developed by the Responsible Gambling Council, RG Check is the world’s most comprehensive and rigorous responsible gaming accreditation program. It is designed to meet or exceed all existing responsible gaming regulatory requirements and is valid for three years. Accreditation is reviewed by a prestigious and independent panel of resp
GGRAsia – Maybe only handful Macau junkets can survive: trade rep
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GGRAsia – Melco Intl US$2mln in share options to directors, others
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Casino investor Melco International Development Ltd has granted share options to directors and “certain employees” of the company that are worth in aggregate about HKD16.4 million (US$2.1 million), according to a Wednesday filing to the Hong Kong bourse.
Melco International is the parent firm of Melco Resorts and Entertainment Ltd, both chaired by Lawrence Ho Yau Lung. Melco Resorts and Entertainment promotes and operates City of Dreams Macau, Studio City, Altira Macau, and a chain of slots-only venues, called Mocha Clubs, as well as City of Dreams Manila in the Philippines.
Melco International granted a total of 1,002,000 share options, with an exercise price of HKD16.38 each, the Wednesday filing noted. An aggregate of 369,000 options were granted to Melco International directors.
Possibly only a “couple” of Macau’s VIP gaming promoters or ‘junkets’ will be left in the local market in future, as the sector continues to face significant headwinds not only from the impact of the Covid-19 pandemic on travel and tourism, but also because of the Chinese central authorities’ concern about gambling activities outside the country’s borders, an industry insider has told GGRAsia.
There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China.