MELCO CONFIDENT IN CITY’S LONG-TERM DEVELOPMENT AMID DOWNTURN

At a company event, Clarence Chung, board director of Melco Resorts and Entertainment, reiterated the company’s confidence in Macau, despite the recent negative economic atmosphere amid the Covid-19 pandemic.

Chung stressed that the company supports the government’s move in amending the gambling law, because the current version of the law was enacted back in 2001, and the environment has changed significantly since then.

Echoing an earlier statement by Lawrence Ho, chairman & CEO of Melco, Chung noted, “we are very confident in mid to long-term development,” Discussing the renewal of the concession, the executive did not offer any specifics, but stressed that the company is more than happy to continue investing in Macau.

“In the past years, we have invested more than MOP100 billion in Macau,” Chung said. “Looking into the future, we will continue our investments as a representation of our confidence in the city in the mid to long- term.”

Source: https://macaudailytimes.com.mo/melco-confident-in-citys-long-term-development-amid-downturn.html