Melco Recognized by the 2019 Sustainable Business Awards Philippines
October 14 2019 - 6:35AM
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco”),
announces today that it has been recognized by the 2019 Sustainable
Business Awards (SBA) Philippines for its outstanding performance
on energy management and employee development. At a ceremony
hosted earlier this week, Melco was honored for its talent
development program for its workforce in both Manila and
Macau, as well as its energy efficiency efforts to tackle climate
change at City of Dreams Manila.
The SBA, Asia’s leading sustainable award
platform since 2012, recognizes companies that take a proactive
role in tackling social, governance and environmental issues,
ranging from climate change to making local communities more
inclusive and sustainable. Companies that were honored
by this year’s award attended a ceremony in October 2019 that
was attended by Emilio Benito Aquino, Chairperson and CEO of the
Securities and Exchange Commission (SEC) and Titon Mitra, Resident
Representative of the United Nations Development Programme
Philippines.
The award assesses companies through a rigorous
methodology that scores both the company’s process and performance
across a range of twelve categories. Melco has received
special recognition in two categories for this year’s SBA.
Firstly, Melco has been recognized for its workforce development
program which embraces a holistic “Whole Person Development”
training approach, empowering its employees to have a
generalist career path beyond a technical or functional-only focus
and focuses on their personal growth. Secondly, Melco has
been recognized for its efforts in tackling climate change, which
includes setting the goal of achieving carbon neutrality in its
operations, improving energy efficiency and optimizing
its building management system to track energy use at City of
Dreams Manila.
Lawrence Ho, Chairman and Chief
Executive Officer at Melco said: “We appreciate SBA’s
recognition for all our efforts at Melco and City of Dreams
Manila. We value our employees’ career development and that
is what motivates us to provide a nurturing environment for talent
throughout our company. Being socially responsible and being
a good steward to our environment are key priorities for Melco and
we aim to go above and beyond in our social, environmental and
governance commitments in all our operations worldwide.”
About Melco Resorts & Entertainment
Limited
The 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 and Europe. 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.cityofdreamsmanila.com), a casino, hotel, retail and
entertainment integrated resort in the Entertainment City complex
in Manila. In Europe, the Company is currently developing the City
of Dreams Mediterranean integrated destination resort project
(www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is
scheduled to open in 2021 and expected to be the largest and
premier integrated destination resort in Europe. The Company is
currently operating a temporary casino, Cyprus Casinos, the first
casino in the Republic of Cyprus and three satellite casinos with a
fourth satellite casino scheduled to open by the end of 2019. Upon
the opening of City of Dreams Mediterranean, the Company will
operate the City of Dreams Mediterranean integrated resort and
continue to operate the four satellite casinos. The Company also
holds equity interests in Crown Resorts Limited (“Crown”), a
company listed on the Australian Securities Exchange and which
operates two of Australia’s leading integrated resorts, Crown
Melbourne Entertainment Complex and Crown Perth Entertainment
Complex. In the United Kingdom, Crown operates Crown Aspinalls, a
high-end licensed casino in London. Crown’s development projects
include the Crown Sydney Hotel Resort at Barangaroo on Sydney
Harbour. Crown also holds equity interests in the Aspers Group and
Nobu and has interests in various digital businesses. 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:Chimmy
LeungExecutive Director, Corporate Communications Tel: +852 3151
3765Email: chimmyleung@melco-resorts.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/812d1a5b-6a69-4352-9c2a-029f40868c5a
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