• Thu
  • Dec 18, 2014
  • Updated: 5:55pm


Bankruptcy for lawyer in HK$780m theft case


A former partner of international law firm K&L Gates accused of stealing at least HK$780 million of clients' funds was yesterday declared bankrupt by the High Court.

Saturday, 14 July, 2012, 12:00am

Children learn 'magic' of play

Many three-year-olds know their way around a computer these days. But take them outside and they may scream if they see an ant. Do you have any problem with that?

18 Jun 2012 - 12:00am

Melco reports US$89.7 million loss

Melco Crown Entertainment reported a loss of US$89.7 million in the fourth quarter last year compared with a deficit of US$18.9 million in the same period in 2008 due to the Macau casino operator's VIP junket deal with Amax Holdings being broken up by the government cap on commission rates. However, revenue was up 60per cent at US$400.2 million.

3 Feb 2010 - 12:00am

Chance to manage real estate projects in China

Pack your bags and move into a resort that you helped build.

Melco China Resorts, a subsidiary of Melco International Development, a listed conglomerate on the main board of the Hong Kong stock exchange, is looking for a senior project manager to cope with business expansion in Harbin.

1 Mar 2008 - 12:00am

A-Max placement falls short, raising HK$2b

After an epic four-month share-placement exercise, A-Max Holdings managed to raise only HK$2 billion of a targeted HK$3 billion to fund a VIP gambling junket venture at Melco PBL Entertainment's Crown Macau casino, according to analysts and a source.

6 Dec 2007 - 12:00am

Melco to trim lottery asset in complex deal

Macau casino operator Melco International Development has agreed to sell part of its lottery business in a complicated HK$668 million deal.

22 Oct 2007 - 12:00am

Melco and PBL pledge a further HK$1.95b for City of Dreams

Melco International Development and Australia's Publishing and Broadcasting Ltd (PBL) will each provide up to HK$975 million in additional funding for their City of Dreams casino resort project as the US$1.75 billion in loans raised this week by their joint venture falls short of the final construction tab.

8 Sep 2007 - 12:00am

Melco PBL eyes US$250m in convertible bond issue

Nasdaq-listed gaming company Melco PBL Entertainment, which is spending US$3.7 billion on three casino resorts in Macau, will raise as much as US$250 million from a convertible bond sale to fund a share-buyback programme.

31 Jul 2007 - 12:00am

Alliance shift hits Melco shares

Shuffle Master ends distribution agreement after Lawrence Ho firm switches to rival US equipment maker

Shares of Melco International Development, a holding company controlled by Lawrence Ho Yau-lung, fell 8.92 per cent yesterday after it switched alliances with United States makers of casino equipment.

14 Feb 2007 - 12:00am

A hands-on approach to charity

MELCO IS COMMITTED to supporting charitable events and activities as part of its corporate social responsibility mandate.

Since the Melco Volunteer Team was set up in 2004, company employees from all levels have taken part in a variety of charitable events.

20 Jul 2006 - 12:00am

Melco raises $1.2b to cut debt and fund growth

Melco International Development raised $1.21 billion through a share placement yesterday for debt repayment and further investment in Macau's gaming market, according to sources.

31 May 2006 - 12:00am

Business Digest

melco shares leap on talk of casino flotation

Shares in Melco International Development jumped as much as 9.36 per cent yesterday after confirmation from Australian partner Publishing and Broadcasting Ltd (PBL) that it is considering floating its Macau casino joint venture to finance its casino-hotel projects.

26 May 2006 - 12:00am

Stakes raised

Melco International Development will boost its slot machines business through a loyalty programme and higher than average payout ratio to strengthen its leadership in the Macau market.

7 Oct 2005 - 12:00am

Search for shell targets gives Melco jumbo boost

Shares in Melco International Development soared 32.35 per cent yesterday as investors sought out the next takeover target for a back-door listing.

Melco, which operates the Jumbo floating restaurant, saw its share price rise 55 cents to $2.25 on the day that Softbank Corp of Japan said it would take a 61 per cent stake in Cheung Wah Development.

21 Jan 2000 - 12:00am