Melco Announces New Gaming Concession Commencement

Melco Resorts & Entertainment Limited (MLCO) has commenced a 10-year concession granted to its subsidiary, Melco Resorts Macau, to operate Games of Luck and Chance in Macau’s casinos. announced that

In addition, the Company owns Melco Resorts Macau, Altira Resorts Limited, COD Resorts Limited, and Studio City Development Limited, respectively, and Altira Casino, City of Dreams Casino, and Studio City Casino, respectively, of 17,128.8 square meters, 31,227.3 square meters, and 28,784.3 square meters. signed deeds for gaming and gaming support areas, including Altira Casino, City of Dreams Casino, and Studio City Casino, which have an area of , and related gaming equipment and apparatus have been returned to the Macau Special Administrative Region in accordance with the Macau Gaming Law.

As part of the Macau Gaming Law and Concession Clauses, the Macau SAR has transferred from the Macau SAR to Melco Resorts Macau for use in its operations for the duration of the Concession at a rate of MOP750.00 per square meter. it was done. Subject to consumer price index increases in his second year of concession and his third year. This fee increases to MOP2,500.00 per square meter of casino for 4 to 10 years of concession. This is subject to an increase in the consumer price index over the 5 to 10 years of the concession.

Main Quote:

“We are honored and grateful to have been awarded a 10-year gaming concession by the Macau Special Administrative Region Government. We are committed to fully supporting the sustainable and diversified development of Macau’s tourism and leisure industry, and are committed to working with governments, local communities and stakeholders to develop leading global businesses. It will benefit and contribute to the development of Macau as a tourist destination.”

— Lawrence Ho, Chairman and CEO of Melco

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