Philippine Stock Report #3: Melco Resorts and Entertainment (Philippines) Corporation (MRP)
Hi Everyone!
Today, we focus on "Melco Resorts and Entertainment"
Owner and operator of casino gaming and entertainment resort facilities in Asia.
Developed City of Dreams Manila in cooperation with SM Group's Belle Corporation
https://www.melco-resorts-philippines.com/
1. Basic Information
Melco Resorts and Entertainment (Philippines) Corporation (MRP)
Casinos & Gaming
2. History of the Company
November 6, 1974: Melco Resorts and Entertainment (Philippines) Corporation (MRP) was initially incorporated as Interphil Laboratories, Inc. primarily to manufacture, process and package drugs, chemicals and pharmaceuticals and veterinary products.
July 25, 2013: MRP received Securities and Exchange Commission (SEC) approval to principally engage in acquiring investments and securities and was further atuhorized to provide financing to its group companies.
December 14, 2014: City of Dreams Manila has its soft opening.
February 2, 2015: City of Dreams Manila had officially opened to the public.
May 19, 2017: SEC approved the change in corporate name of Melco Resorts and Entertainment (Philippines) Corporation (MRP) from Melco Crown (Philippines) Resorts Corporation.
<Here's the Company's stock data from last year 2017-2018>
<Stock data for the past ten years 2008-2018>
3. Present Stock (2018/9/13)
For the fiscal year ended: Dec. 31, 2017
Currency: Philippine Pesos (PHP)
4. Board of Director/s
Chairman: Clarence Yuk Man Chung
Nationality: Chinese
Age: 55
Education:
-Bachelor Degree in Business Administration from the Chinese University of Hong Kong
-Master's Degree in Business Administration from the Kellogg School of Management at Northwestern University and The Hong Kong University of Science and Technology
Background:
2006 - Present:
Chairman & President of Melco Resorts and Entertainment (Philippines) Corporation
Executive Director of Melco International Development Limited
Non-Executive Director of Melco Resorts & Entertainment Limited
Director of Melco Resorts Finance Limited
2007 - Present:
Chairman, Chief Executive Officer and President of Entertainment Gaming Asia Inc.
Mr. Chung has more than 25 years of experience in the financial industry in various capacities as a Chief Financial Officer, an investment banker and a merger and acquisition specialist. He was named one of the "Asian Gaming 50" by Inside Asian Gaming magazine for multiple years.
Total Calculated Compensation: $14,797,000
GROUP CORPORATE STRUCTURE AND SHAREHOLDINGS
5. News
September 18, 2018 - 12:00am
Melco Resorts and Entertainment Corp. files petition for delisting
September 17, 2018
'Unpredictable' Duterte policies result in Melco Philippines' delisting
