Tag Archives: Lawrence Ho

Melco Crown targets Macau turnaround with senior executive restructure

Asian gambling operator Melco Crown Entertainment (MCE) has undertaken a senior executive restructure as the firm seeks to reverse its declining corporate performance. A raft of executive changes was confirmed by MCE CEO Lawrence Ho, who has assumed greater control of the company following last December’s equity sell-off by James Packer’s Crown Resorts. Aiming to reverse the declining performance of …

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Strategy change sees Packer drop all international ambitions for home comforts

Implementing a ‘comprehensive strategic change’ James Packer’s Crown Resorts (Crown) will scale back on all its international investments and ambitions, to focus on growing its Australian home enterprises. Confirming its corporate strategy change, Crown will no longer spin-off its international assets into a separate enterprise seeking an ASX-listing (plan announced in May 2016). Fully committing to Crown home markets, Packer …

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Melco drops Tbilisi casino project

Asian gambling investment firm MelcoLot Ltd has ended its Tbilisi (Georgia) casino project plans. Issuing a short statement leisure operator Melco International Developments (owner of MelcoLot), declared that it had failed to reach terms with land developers Dhabi Group Georgia.   “Although every effort has been made to negotiate on the casino lease terms, the parties are unable to reach …

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Lawrence Ho targets August opening for Vladivostok casino

Lawrence Ho Yau Lung’s  gambling investment firm Summit Ascent Holdings, has confirmed that its Russian casino complex has entered the final stage of construction, as the firm targets its opening on 28 August. The complex was due to open in April of this year, however Summit Ascent managment had pushed back the date due to encountering unexpected challenges. Summit Ascent alerted …

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