Melco is one of six license holders in Macau, the world’s richest gambling hub. The others are Sands, MGM, Wynn, Galaxy, and SJM. Galaxy and Wynn haven’t yet unveiled their Q1 performances.<\/p>\n
As is the case with all of the aforementioned casino operators, Melco Resorts is betting heavily on landing one of Japan’s three forthcoming integrated resort licenses. Ho says the emerging market is the most attractive global prospect outside of Macau.<\/p>\n
\nWe believe we are well placed in Japan with a strong local team actively working on the ground engaging with the relevant stakeholders,” Ho declared.<\/p>\n<\/blockquote>\n
Ho added that Japan is the company’s “single most important initiative” in 2019 and beyond.<\/p>\n
Sands and MGM are thought to be the frontrunners for license in Japan. Ho conceded that MGM’s partnership with Orix, a Japanese financial services firm, “puts them (MGM) in a very good position.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco Resorts beat Wall Street expectations in the first quarter of 2019, as the casino operator reported $1.36 billion in revenue \u2013 or $0.28 per share. That’s a 3.72 percent increase on the same three-month period in 2018. The general consensus among financial analysts predicted earnings per share (EPS) of $0.25. It’s the fourth consecutive […]<\/p>\n","protected":false},"author":25,"featured_media":104460,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Melco Resorts Tops Expectations, Quarterly Income Totals $1.36B<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n