MACAU, June 09, 2025 — Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort properties across Asia and Europe, has announced that, following a review of the company’s strategic direction and in accordance with Macau regulations, the Grand Dragon Casino and three Mocha Clubs—Mocha Hotel Royal, Mocha Kuong Fat, and Mocha Grand Dragon Hotel—will cease operations before the close of 2025. Employees at these locations will be reassigned to other Melco properties in Macau, ensuring their continued employment in similar roles. Gaming tables and electronic gaming machines from the affected venues will be redeployed and continue operating at other Melco casinos or gaming areas within Macau.
Additionally, the Company will seek the necessary authorizations and approvals from the Macau SAR government for three Mocha Clubs—Mocha Inner Harbour, Mocha Hotel Sintra, and Mocha Golden Dragon—to maintain operations beyond December 2025, contingent upon meeting all legal and regulatory requirements.
Safe Harbor Statement
This press release includes forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also issue forward-looking statements in its reports to the U.S. Securities and Exchange Commission (the “SEC”), its annual shareholder report, press releases, other written materials, and oral statements by its officers, directors, or employees. Forward-looking statements are those that do not relate to historical facts and include statements regarding the Company’s beliefs and expectations. These statements involve inherent risks and uncertainties, and various factors could cause actual results to differ materially from those projected in any forward-looking statement. These factors include, but are not limited to: (i) changes in the gaming market and visitor numbers in Macau, the Philippines, and the Republic of Cyprus; (ii) local and global economic conditions; (iii) capital and credit market volatility; (iv) our planned growth strategies; (v) risks related to the Macau government’s implementation of the amended Macau gaming law; (vi) approvals and regulations from gaming authorities and other governmental bodies; and (vii) our future business development, operating results, and financial status. Forward-looking statements can often be identified by terms like “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. Further details on these and other risks, uncertainties, or factors are available in the Company’s filings with the SEC. The information in this press release is current as of its date, and the Company is not obligated to update it unless required by law.
About Melco Resorts & Entertainment Limited
The Company, whose American depositary shares are listed on the Nasdaq Global Select Market (Nasdaq: MLCO), develops, owns, and operates integrated resort facilities in Asia and Europe. The Company’s current operations include City of Dreams () and Altira Macau (), integrated resorts in Cotai and Taipa, Macau, respectively. Its portfolio also features the Grand Dragon Casino, a casino in Taipa, Macau, and Mocha Clubs (), Macau’s largest non-casino operator of electronic gaming machines. Additionally, the Company runs Studio City (), a cinema-themed integrated resort in Cotai, Macau. In the Philippines, the Company manages City of Dreams Manila (), an integrated resort within Manila’s Entertainment City complex. In Europe, Melco operates City of Dreams Mediterranean, an integrated resort in Limassol, Republic of Cyprus (), and licensed satellite casinos in other Cypriot cities (the “Cyprus Casinos”). Additional information about the Company is available at .
Melco International Development Limited, listed on the Main Board of The Stock Exchange of Hong Kong Limited, holds a majority stake in the Company. Mr. Lawrence Ho, Chairman, Executive Director, and Chief Executive Officer of the Company, leads Melco International Development Limited.
For the investment community, please contact:
Jeanny Kim
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Tel: +852 2598 3698
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Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
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