Reuters reports that Lawrence Ho Yau Lung, chairman and CEO of Melco Resorts and Entertainment Limited, means the Macau facility under construction will instead utilize its own database to diversify its customer base away from over-reliance on premium players.
Hong Kong-listed Melco Resorts and Entertainment Limited is additionally responsible for the integrated City of Dreams Manila, Altira Macau, Studio City Macau and the electronic game console plant of the Mocha Clubs chain, with $1.1 billion Morpheus reportedly set to start welcoming guests next month.
Reuters reported that with 700 rooms, Morpheus has a small casino and a variety of special event facilities, and total game sales in April rose 28% year-on-year, certain to benefit from the Macau gambling market, which has risen for the 21st straight month.
The news service reported that high players made up more than half of Macau’s total gaming revenue, and these players bet about $127,395 at a time. Ho also explained that it expects citywide casino revenue to increase by approximately 20% year-over-year in 2018, beating previous forecasts for high single and low double-digit annual growth.
The 42-year-old Ho reportedly told Reuters: “The year-over-year growth is now well above 20%, and it will normalize, but it will still blow the original expectations.”
Finally, Reuters reports that Melco Resorts & Entertainment Limited hopes to be selected to operate one of the three first integrated casino resorts likely to come to Japan and recently announced plans to open a temporary gambling house in Cyprus later this year for full-scale development for the island nation.