\nMelco pledges its commitment to supporting the healthy and sustainable development of the tourism and leisure industry in Macau as we continue to work with the government over the next ten years to contribute to the city’s development as a preeminent, global tourism destination,”<\/strong> said Lawrence Ho, Melco’s billionaire founder, chair, and CEO.<\/p>\n<\/blockquote>\nMelco says the balance of the remaining $1.47 billion spending will go toward improvements to its casino floors.<\/p>\n
Gaming Details<\/b><\/h2>\n
Along with detailing its nongaming spending requirement, Melco Resorts provided investors with specifics on its casino business under the next regulatory environment. The company said its new concession allows Melco to operate a total of 2,100 slot machines and electronic gaming positions, plus up to 750 table games.<\/p>\n
Unlike in US casino markets where slots reign supreme, Macau’s casinos generate more revenue from their table games. Baccarat is the game of choice throughout Asia.<\/strong><\/p>\nIn exchange for its casino privilege, Melco will pay Macau an annual concession fee of MOP30 million (US$3.74 million). The company will additionally pay an effective gaming tax of 40% on its gross income.<\/p>\n
Macau also charges MOP300,000 (US$37,000) a year per premium table game. and $19K for each mass market table. The region levies a $100 charge each year per slot machine.<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco Resorts was one of the winners of Macau’s recent bidding war for the Chinese enclave’s six gaming licenses. The City of Dreams, Studio City, and Morpheus owner and operator has since detailed how it plans to spend its required $1.5 billion investment capital, as dictated under the terms of its fresh 10-year concession. Macau […]<\/p>\n","protected":false},"author":25,"featured_media":248621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,13592],"tags":[82061,51,82419,84161],"acf":[],"yoast_head":"\n
Melco Resorts Details $1.5B Spend to Enhance Macau Casino Resorts<\/title>\n\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