Asian casino administrator Melco Crown Entertainment Limited has authoritatively changed its name to Melco Resorts And Entertainment Limited while moreover uncovering that the Hard Rock Hotel at its City Of Dreams Macau improvement is to be re-marked from July as The Countdown.
Melco Crown Entertainment Limited, which additionally runs the Studio City Macau and City Of Dreams Manila properties and as of late divulged arrangements to bring a multi-billion-dollar betting centered setting to the Japanese city of Osaka, was built up in 2004 as a joint organization between Australian administrator Crown Resorts Limited and Hong Kong-based Melco International Development Limited. Be that as it may, a year ago observed the last buy an extra 13.4% stake to give it a controlling 51.3% share while its Melbourne-headquartered accomplice’s advantage has since dwindled to just 11.2%.
“The Countdown hotel will celebrate the great achievements of the City Of Dreams Macau, inviting guests to discover the resort’s world-class offerings from The House Of Dancing Water, [which is] the world’s largest water-based extravaganza, to its Michelin-starred restaurants and exciting shopping experience featuring the largest shoe salon in Hong Kong and Macau,” read the statement from Melco Resorts And Entertainment Limited.
Melco Resorts And Entertainment Limited, which is moreover responsible for the nearby Altira Macau venue, stated that The Countdown will feature a countdown clock “timed to the unveiling of a new phase of development” for its City Of Dreams Macau as the property strives to become “the most stylish and exclusive resort in Macau”.
Hong Kong-recorded Melco Resorts And Entertainment Limited initially disclosed the arrangement for “another corporate character” in December as an approach to show the amended possession structure and better mirror its “new vitality”. “In conjunction with the name change, the company’s Nasdaq ticker symbol will change from “MPEL” to “MLCO”, which is expected to be effective on or about April 6,” read a statement from Melco Resorts And Entertainment Limited. “The actual effective date of the new ticker symbol will be separately released by Nasdaq.”
