Gaming and hospitality
This part of the business develops and operates integrated resorts, casinos, hotels, restaurants, and entertainment venues through the Melco group.
Customers and revenue model
Melco International Development Ltd
OTC:MDEVY
Melco International Development Ltd
OTC:MDEVY
Price:
1.38
USD
Market Closed
Market Cap:
$417.5m
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Company Overview
Business Description
- Sector
- Consumer Discretionary
- Industry
- Hotels, Restaurants & Leisure
- Headquarters
- Hong Kong HK
- Employees
- 22 972
- IPO date
- Jan 1, 1927
Melco International Development is an investment holding company best known for its role in casino and resort gaming through its stakes in Melco Resorts. The group develops and owns integrated resorts that combine gaming floors, hotels, restaurants, retail space, and entertainment venues in major tourism markets.
Its customers are leisure travelers, high-spending casino visitors, and conference and event guests. The company makes money mainly from gaming revenue such as table games and slot machines, along with hotel stays, dining, and other resort services tied to each property.
What makes its business model different is that it sits at the top of a real-estate-and-entertainment style gaming business rather than selling a single product. It invests in and helps build large destination resorts, then earns from the long-lived cash flow these properties can generate when visitors come for both gaming and non-gaming experiences.
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