Melco Resorts (Macau) Limited is honored to have been granted a new concession to continue to operate games of fortune and chance in Macau for the next ten years under the guidance of his Excellency the Chief Executive and the Government of the Macau Special Administrative Region (Macau SAR), and following the principles laid out by the Central Government.
Melco strongly supports the Macau SAR Government’s development objectives to establish the Macau SAR as a World Center of Tourism and Leisure, promote the Macau SAR’s economic diversification, and increase the Macau SAR’s international reputation and visitation. These objectives will promote social stability for Macau, the successful implementation of the principle of “One Country, Two Systems” with Macau SAR characteristics, strengthen the vitality, creativity, and competitiveness of the Macau SAR community and the long-term sustainable development of the Macau SAR.
- Investment
Melco’s confidence in the future of Macau SAR is what drives our plans to invest the overall amount of MOP 11,823,700,000 in Macau SAR over the next decade. MOP 10,008,000,000 of the total investment will be in the non-gaming segment, boosting the momentum for the development of integrated capabilities, consolidating and enhancing competitiveness, and achieving economic diversification.
Melco’s investment is an integrated plan where each element is a piece of an overall strategy that aims to deliver and implement the Macau SAR Government’s vision for the various lines of development, including the expansion of markets of clients from foreign countries, MICE, entertainment shows, sports events, culture and art, health and wellness, thematic entertainment, gastronomy city, community tourism, maritime tourism and others.
- Expansion of Markets of Clients From Foreign Countries & MICE
Of our total non-gaming investment, Melco will allocate MOP 1,906,200,000 to our strategy to develop and increase foreign visitation and the MICE business. We will utilize Melco’s specialized sales teams across the globe to promote and directly market the Macau SAR and its rich and diverse cultural heritage and conduct strategic campaigns that position the Melco brand as the Macau SAR’s leader in entertainment.
Melco will leverage its MICE representative offices in Hong Kong, Singapore, Manila, and Cyprus to promote non-gaming amenities and the Macau SAR to attract international customers with a focus on Europe, the Middle East, Japan, Korea, Malaysia, Singapore, and Thailand.
In addition, Melco will strive to establish relationships with international airlines that have flights into the Macau SAR/Hong Kong to organize direct trips for foreign visitors to experience Melco’s facilities and will use the Melco Resorts group’s jets to transport groups in organized visits to the Macau SAR.
To promote the MICE segment, Melco will upgrade the Grand Hyatt Macau meeting and function facilities at City of Dreams. Melco will continue to benefit from the increase in exposure to an invaluable audience of international visitors through the World of Hyatt Loyalty Program and, with the opening of the hotel W Macau at Studio City in 2023, through the Marriott Bonvoy Loyalty Program.
- Leading Entertainment
Melco remains committed to bringing world-class shows, art exhibitions, modern and interactive cultural venues, and fun-filled family attractions to the Macau SAR, and will continue to invest in non-gaming amenities, experiences, and their supporting systems. Melco is dedicating MOP 4,172,700,000 of our non-gaming investment to entertainment projects, with a significant portion to be implemented in the next two to three years.
Melco is looking forward to starting Asia’s first ever residency show with superstars Aaron Kwok, Leon Lai, and Joey Yung performing a collective 90 shows at the Studio City Event Center between 2023 and 2025. More first-class artists will join this unique line up with their own bespoke shows in the coming years.
Melco will revamp and relaunch the House of Dancing Water show in late 2024, contributing to the continuous transformation of the Macau SAR into a World Center of Tourism and Leisure and increasing even more the city’s international reputation as a premium destination.
Melco is very excited to open in 2023 the only year-round indoor water park and summer months outdoor waterpark in the Macau SAR. With an area of 9,670 m2, F&B facilities and 16 new attractions, the Studio City Waterpark is expected to attract local families and foreign tourists alike.
Melco will also build a new Cineplex at Studio City. The Cineplex will have six theatres, one Imax theatre and five Director’s Club theatres and is expected to open in 2024.
- Other Non-Gaming Lines of Development
Melco’s partnerships with Chinese Media such as Mango TV and Zhejiang Satellite TV support the development of local projects that lead to discoveries, use and dissemination of the Macau SAR’s historical and cultural resources, promote the Macau SAR as a city of gastronomy, and promote its community and maritime tourism to a potential universe of over 1.4 billion viewers. These partnerships generate great learning opportunities for the Macau SAR youngsters who are interested to explore careers in this field. They also create extraordinary career opportunities to work with major mainland China entertainment companies, opening the gateway for local production crews to show their expertise and creativity to the mainland China market and get their talent out to a much bigger market and on a much bigger stage.
The iRad Polyclinic, a first-class imaging and diagnostic medical check-up center offering magnetic resonance imaging (MRI), computer tomography scan (CT Scan), 2D & 3D mammography, ultrasound and X-rays center is expected to open at Studio City in 2024. It will be the first and the largest private imaging and medical checkup polyclinic in the Macau SAR, located in an integrated resort and will be a comprehensive wellness body check-up destination with full-fledged medical offerings.
Every year from 2024, Melco will organize a technology, innovation and sustainability competition open to participants in the Greater Bay Area to address and solve problem statements concerning environmental and technological issues that integrated resorts face.
Also in 2024, Melco intends to open a Skateboard Park at Studio City, benefiting the Macau SAR by providing exciting sports activities to its youngsters and young adults, and enabling the promotion of the Macau SAR as a sports friendly city, while attracting additional international family-oriented visitors.
To further enhance the Macau SAR’s reputation as an international sports city and as a World Center of Tourism and Leisure, starting in 2025 Melco intends to annually organize an international skateboard competition at the Studio City Event Centre, procuring renowned international sponsors to support the event and inviting international sports stars to promote the event and Macau SAR.
In 2025, Melco will open the Splendors of China Museum at City of Dreams, a 1,000 m2 space that will be an iconic, highly interactive, and modern museum showcasing China’s millennial culture and the most important chapters in China’s history, pursuing the high mission of commemorating China’s great values and victories since its inception.
- Corporate Social Responsibility
Melco will continue to follow the Macau SAR Government’s guidance on labor related matters, including with respect to the employment of Macau SAR residents and ensuring Melco’s policies promote social stability and promote both vertical and horizontal mobility for Macau SAR residents through various means. The development of local people while maintaining social stability is one of Melco’s top priorities.
Melco will continue to empower local businesses and prioritize local procurement. Melco’s work with local SMEs entails a range of educational and economic initiatives, such as SME Academy and Trainings and Roadshows. Melco will continue to collaborate with the Macau SAR Government to identify local SMEs and design custom initiatives to maximize goods procurement opportunities and revenue growth for SMEs with our strategic sourcing process ensuring that our suppliers in the Macau SAR have a fair, transparent and equal opportunity to do business with us.
Melco is looking forward to the next exciting decade and, on behalf of our nearly 12,000 employees, we sincerely thank the Macau SAR Government for the opportunity to continue to operate in the Macau SAR until 2032.
