International edition
September 27, 2020

The casino industry has been pressured as consumers curb spending

Melco to trade on Nasdaq Global select market

(Hong Kong).- Melco Crown Entertainment said that it will start trading on the Nasdaq Global Select Market. The Hong Kong-based company, which develops and owns casino resorts in the Chinese gambling enclave of Macau, previously, traded on the Nasdaq Global Market.

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elco 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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