cash on hand and a bullish market outlook<\/a>.<\/p>\n<\/div>\nHo says his mission is to “shape the future of gaming and entertainment in Asia and beyond.” However, his recent investment in a casino in Vladivostok, Russia, was predominantly a bust.<\/p>\n
Japan Vision <\/b><\/h2>\n
One of just six companies licensed to operate casino games in Macau, the richest gambling market in the world, Melco Resorts is focused on trying to use its clout to be welcomed into Japan when the country authorizes commercial gaming.<\/p>\n
Along with nearly every other major casino operator, Melco is hoping to land one of the predicted two gaming concessions.<\/p>\n
Ho hasn’t thrown out a potential investment number as others have. Las Vegas Sands billionaire Sheldon Adelson said his company, which is also licensed in Macau, might consider spending up to $10 billion.<\/strong><\/p>\n“It’s still early days in the long road ahead to a potential IR in Japan,” Ho declared last fall. “While some details may change along the way, what absolutely will not is this: We will do in Japan what we have done since our very first day: build with local partners, invest in extraordinary world-first architecture and design, create sophisticated entertainment experiences, and embed state-of-the-art technology.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco Resorts announced this week that it plans to purchase $500 million worth of its issued stock over the next three years. In a filing with the US Securities and Exchange Commission, Melco Resorts CFO Geoffrey Davis explained that the company’s board of directors have approved of the stock buyback plan. “The program is effective […]<\/p>\n","protected":false},"author":42,"featured_media":73556,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,13592],"tags":[],"acf":[],"yoast_head":"\n
Melco Resorts Announces $500 Million Stock Buyback<\/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