International edition
June 17, 2021

Bails ship after only three years

Melco to delist from Hong Kong stock market

(Macau).- Melco Crown Entertainment has applied to delist from the Hong Kong stock exchange due to the fact that it is limiting their opportunities to raise funds.

S

ources said that its listing in Hong Kong is costing the company too much money  and that they are suffering from the onerous compliance obligations required to be listed in Hong Kong.

The request to delist comes only three years after the company listed themselves on the Hong Kong exchange. Currently they are also listed on the US Nasdaq where they have been since December 2006.

Having endured a terrible year in 2014 for both Melco and  other Macau operators that has seen 40% of their share value evaporate in the first-ever year of revenue decline in the world's largest gambling hub. In 2013, Macau operators enjoyed a 19% jump in revenue,  compared to a drop of 2.9% for 2014; the first in over a decade.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook