Melco Resorts & Entertainment Limited Chairman and CEO Lawrence Ho Yau-lung said yesterday that the recent acquisition of Crown Resorts Limited shares would help his company enter the Japanese gaming market, but insisted that Macau would remain its priority.
Ho made the remarks during a media roundtable at City of Dreams’ Morpheus hotel about Melco’s purchase of a 19.99 percent stake in Crown last week.
Ho said that the decision to buy a stake in Crown was after it “checked all the boxes”, pointing out that Melco had a 12-year partnership with Crown previously, and that with the Crown shares, his company would be able to expand Melco’s global footprint from three to five countries, as in addition to its own casino resorts in Macau, Manila and Cyprus, it would also include Crown’s casino resorts in Sydney, Melbourne and Perth, as well as in London.
Melco Resorts & Entertainment Limited Chairman and CEO Lawrence Ho Yau-lung speaks to the media during a roundtable meeting at City of Dreams’ Morpheus hotel. Photo: Monica Leong
