The casino industry has been pressured as consumers curb spending

Melco to trade on Nasdaq Global select market

2009-01-04
Reading time 18 seg

Melco will keep its MPEL ticker. Last month Melco said it would start offering some monthly unpaid leave and an optional voluntary sabbatical leave to its Crown Macau workers.

The company said the moves were made with employee consent as it tries to deal with current economic conditions while simultaneously providing some job security.

The casino industry has been pressured as consumers curb spending due to the continued housing downturn, diminishing credit, rising food costs and unemployment concerns.

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