Melco Resorts and Entertainment
Melco Resorts & Entertainment is a global leader in the luxury resort and gaming industry, renowned for its cutting-edge integrated resorts that combine world-class entertainment, hospitality, and gaming experiences. Melco consistently set the standard for innovation and with their home base in Macau have earned their position in the global gaming and luxury hospitality market.
CEO Today was a part of an exclusive interview with Lawrence Ho, Chairman and CEO of Melco Resorts, he discussed the company’s growth and strategic vision, particularly highlighting the development of its newest property in Cyprus. Maria Helena de Senna Fernandes, Director of the Macau Government Tourism Office, also shared insights on the impact of Melco’s contributions to the local economy and tourism industry in Macau.
Melco’s City of Dreams Mediterranean, located in Cyprus, represents a significant step in the company’s expansion beyond Asia. As the largest integrated resort in Europe, it is already set to make Cyprus a premier destination for tourism and entertainment. With 320 days of sunshine per year, Cyprus is already one of the sunniest places on earth, and City of Dreams Mediterranean has capitalized on this with its “Sunshine Guarantee” — a unique offering where guests receive a complimentary night’s stay if they don’t see the sun during their visit. This innovative approach, combined with a €600 million investment in the resort, positions City of Dreams as a cornerstone for the island’s growing appeal as a global tourism hub.
City of Dreams, Mediterranean: The sunniest place on Earth
Cyprus has become a prime tourist destination, drawing visitors from around the world who seek relaxation, adventure and the Mediterranean charm on offer. You can find your next getaway here at City of Dreams Cyprus. Learn more about this destination.
A $600 million investment
With a €600 million investment, City of Dreams Mediterranean represents a significant boost to Cyprus’s economy and tourism industry. The substantial investment has not only improved the entertainment and amenities within the resort but also transformed the local economy. The resort is boosting tourism, creating jobs, and positioning Cyprus as a key player in Europe’s luxury travel market. By combining world-class amenities with the island’s natural beauty, the resort is helping to elevate Cyprus’s status as a premier global destination.
Macau: Melco’s home base
Melco Resorts & Entertainment has played a vital role in the rise of Macau shaping it as the global capital of gaming and entertainment.
€10 trillion investment in Macau
Melco’s commitment to Macau is exemplified by its recent €10 billion investment into expanding and enhancing its already impressive resort offerings. The expansion in Macau includes state-of-the-art facilities, luxury accommodations, and a vast array of gaming and entertainment options, reinforcing the city’s status as a global leader in the industry. While Cyprus is an important new chapter in Melco’s growth, Macau remains the centerpiece of the company’s global strategy.
Macau is not just about gaming—it is also a premier destination for fine dining and luxury experiences. The city boasts the highest number of Michelin-starred restaurants and 5-star hotels per square meter in the world, a testamennt to its global appeal. Melco’s contribution to this reputation is substantial, with eight of its restaurants holding Michelin stars. This focus on culinary excellence and high-end hospitality has helped elevate Macau’s status, attracting visitors from around the world who seek not only entertainment but also exceptional dining and luxurious accommodations.
Melco diversifying beyond gaming
In recent years, Melco has shifted its focus to supporting Macau’s non-gaming industries, including tourism, hospitality, and the culinary arts. Recognizing the need for diversification, Melco has been instrumental in driving tourism initiatives, collaborating with the Macau government to boost the city’s appeal as a cultural and culinary destination. Maria Helena de Senna Fernandes, Director of the Macau Government Tourism Office, emphasized the importance of this partnership, noting how Melco’s investments have been critical in expanding Macau’s offerings beyond gaming. By supporting non-gaming sectors, Melco is helping to future-proof the city’s economy while maintaining its status as a world-class tourist destination.
Insights on Leadership and Success from Lawrence Ho
CEO Today was lucky to hear from Lawrence Ho, the Chairman and CEO of Melco Resorts where he started in his mid 20s and watched and supported the company to become a recognized pillar in the industry.
Lawrence Ho shared some insight into what it takes to see success and development as he has with his part in Melco Resorts.
“You need the stomach to take some risks—calculated risks,”
Lawrence Ho reminds future leaders that success requires determination and the ability to navigate challenges. His insights on leadership offers a roadmap for building sustainable, innovative businesses in a competitive global environment.
“It is not always an upward journey, so be persistent,”
Gaming at Melco Resorts
Melco’s commitment to responsible gaming is central to its operations, both in Macau and at its Cyprus resort. At City of Dreams Mediterranean, the company adheres to stringent EU gaming regulations. This includes monitoring player behavior, setting strict limits on player spending, and tracking the time spent at gaming tables. These efforts ensure that gaming remains an enjoyable experience without compromising guests’ financial well-being.
Melco is committed to upholding the highest ethical standards in the gaming industry. The company actively promotes transparency and fair play, taking proactive steps to foster a safe, controlled environment in its casinos. By prioritizing responsible gaming and implementing advanced monitoring systems, Melco ensures that its guests can enjoy a secure and ethical experience across all its properties.
Melco Resorts and Entertainment are making their way into the luxury travel destination becoming the NO.1 choice for travelers globally. We can’t wait to see what they do next.
