Inside Asian Gaming

IAG NOV 2020年11月亞博匯 58 2020 POWER 50 LAWRENCE HO CHAIRMAN AND CEO Melco Resorts and Entertainment CHAIRMAN AND CEO Melco International DIRECTOR Studio City International 何猷龍 主席兼行政總裁 新濠博亞娛樂 主席兼行政總裁 新濠國際 董事 新濠影滙 CLAIMS TO FAME 名成事跡 4 POWER SCORE 權能指數: 3,856 POSITION LAST YEAR 去年排名: 3 Only operator besides Sands China with frontage along Cotai’s central avenue Pledging “whatever it takes” to win Japan integrated resort license Lone Macau operator present in the Philippines with City of Dreams Manila Creator of the unique Macau attractions House of Dancing Water and Morpheus Hotel • • • • • • • • 除了金沙中國外，新濠是另一家旗下項目在路氹大道核心位置的營運商 聲稱會「用盡一切」爭奪日本IR牌照 唯一一家澳門博企在菲律賓設業務據點，營運新濠天地馬尼拉 打造了澳門特色景點如水舞間及摩珀斯酒店 IT’S BEEN A DIFFICULT YEAR across the gaming industry, and more difficult for Melco Chairman and CEO Lawrence Ho than for most. In May, his father, the renowned Macau casino magnate Stanley Ho, passed away at age 98 following the 2009 brain injury that effectively ended his business career. The elder Ho helped induce his oldest surviving son to abandon an investment banking career and join the family gaming business. However, a different remnant of Lawrence Ho’s past has had the biggest impact on Melco lately. Originally a satellite casino operator under SJM Holdings’ gaming concession, Melco formed an alliance with Australian billionaire James Packer. The death of Kerry Packer, a legendary gambler and media magnate turned casino investor, left his son as principal owner of what is now Crown Resorts, widely acknowledged as Australia’s leading casino operator over the past two decades. Lawrence Ho and Packer formed a joint venture that became Melco Crown, and in March 2006 it spent US$900 million to buy the Macau gaming subconcession granted to Wynn Resorts. That December the venture listed on the Nasdaq. Though the principals each held the title of co- chairman, Ho led the parade. In 2007, Melco Crown opened its first property, Crown Macau, now Altira. Then came City of Dreams in 2009, across the street fromSands China’s Venetian Macao at the head of Cotai’s central artery. Melco Crown extended the City of Dreams brand to Manila at the end of 2014. It acquired 60% of Macau’s long-stalled Studio City project, opening a US$3.2 billion Cotai bookend to City of Dreams in October 2015. A year later, 19 Crown employees were detained in China, charged with illegal gambling promotion. In December 2016, Crown reduced its share of Melco Crown