FOR IMMEDIATE RELEASE
Melco Begins Distribution of Typhoon Hato Cash Relief FundTarget to complete distribution of funds within six weeks
Prioritizing two-thirds of $30m MOP fund to help colleagues and families rebuild lives
$10m MOP will be allocated to help rebuild the community.
Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment said, "Right now, our top priority is to get all of Macau to stand tall again so that all of us are better prepared and more resilient for the future."I am so proud of how our colleagues have risen to the challenge of rebuilding our community after Typhoon Hato. Many of our colleagues and their families were among those most affected. We will be fast-tracking the distribution of relief funds for our colleagues and their immediate family.
Melco is currently in the process of establishing an independent committee, which will be comprised of representatives from community associations, education groups, trade unions and other civic organizations, to oversee the allocation of funds to ensure that all cash is delivered to those most in need. All funds for our colleagues will be distributed by mid- October.
The Company will also be holding an event to thank the volunteers and the management team for their extraordinary efforts during the typhoon recovery.
Melco Resorts & Entertainment - Innovating excitement for a new age.
### About Melco Resorts & Entertainment LimitedThe Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated entertainment, retail and gaming resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. For more information about the Company, please visit www.melco-resorts.com.
The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
For media enquiries, please contact:
Melco Resorts & EntertainmentChimmy Leung
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com
Brunswick GroupKevin Hartnett
Tel: +852 9137 9872
Email: khartnett@brunswickgroup.com
Melco Resorts & Entertainment Limited published this content on 03 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 September 2017 01:42:04 UTC.
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