Melco celebrates construction milestone with Studio City Phase Two topping out ceremony
November 15 2021 - 3:44AM
Melco Resorts & Entertainment, a leading global developer,
owner and operator of integrated resort facilities, today held a
topping out ceremony and unveiled the design concept for the highly
anticipated Studio City Phase 2, scheduled to complete before end
of December 2022. The Ceremony was hosted by Lawrence Ho, Chairman
and CEO of Melco Resorts & Entertainment, together with
representatives from Melco to celebrate the new start of Studio
City.
Designed by renowned international architecture firm Zaha Hadid
Architects, the USD 1.3 billion Studio City Phase 2 complex further
complements the integrated resort’s existing Phase 1, which
features a modern interpretation of the rich detailing, bold
geometries and craftsmanship of the Art Deco period. The thrilling
new entertainment and leisure destination will offer one of Asia’s
largest indoor & outdoor water parks, a six-screen Cineplex
comprising two regular houses and four VIP suites, as well as a
state-of-the-art MICE space.
Mr. Lawrence Ho, Chairman and CEO of
Melco Resorts & Entertainment, said, “Melco has a
strong track record of contributing to Macau’s ongoing development
as a world center of leisure tourism. Studio City Phase 2 reaffirms
our ongoing commitment to the city and contributes to reinforcing
Macau’s non-gaming proposition in Asia and internationally. We are
grateful for the support of the Central and Macau governments
during the project construction.”
Mr. David Sisk, Chief Operating Officer
of Macau Resorts, Melco, said, “Since opening in 2015,
Studio City has become a destination landmark in Macau with its
unique entertainment theme and experience. The extension project
will complement our existing offering of ‘next-generation’
world-class entertainment and further enhance the distinctive
Studio City experience.”
With a total gross floor area of approximately
250,000 square meters, Studio City Phase 2 is located in the Cotai
area of Macau, comprising two luxury hotel towers with 900 rooms
and suites, a retail complex of over 21,000 square meters and
gaming space of over 2,300 square meters. It has also been named
winner of the ‘Regional Award, Asia’ at BREEAM Awards 2021 in
recognition of its incorporation of sustainable building design,
development and management. Studio City Phase 2 is progressing on
track for completion before December 27, 2022.
About Melco Resorts & Entertainment
Limited
The Company, with its American depositary shares
listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a
developer, owner and operator of integrated resort facilities in
Asia and Europe. The Company currently operates Altira Macau
(www.altiramacau.com), an integrated resort located at Taipa, Macau
and City of Dreams (www.cityofdreamsmacau.com), an integrated
resort located in Cotai, Macau. Its business also includes the
Mocha Clubs (www.mochaclubs.com), which comprise the largest
non-casino based operations of electronic gaming machines in Macau.
The Company also majority owns and operates Studio City
(www.studiocity-macau.com), a cinematically-themed integrated
resort in Cotai, Macau. In the Philippines, a Philippine subsidiary
of the Company currently operates and manages City of Dreams Manila
(www.cityofdreamsmanila.com), an integrated resort in the
Entertainment City complex in Manila. In Europe, the Company is
currently developing City of Dreams Mediterranean
(www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is
expected to be the largest and premier integrated destination
resort in Europe. The Company is currently operating a temporary
casino, the first authorized casino in the Republic of Cyprus, and
is licensed to operate four satellite casinos (“Cyprus Casinos”).
Upon the opening of City of Dreams Mediterranean, the Company will
continue to operate the satellite casinos while operation of the
temporary casino will cease. For more information about the
Company, please visit www.melco-resorts.com.
The Company is strongly supported by its single
largest shareholder, Melco International Development Limited, a
company listed on the Main Board of The Stock Exchange of Hong Kong
Limited and is substantially owned and led by Mr. Lawrence Ho, who
is the Chairman, Executive Director and Chief Executive Officer of
the Company.
For media enquiries, please
contact:Chimmy LeungExecutive Director, Corporate
Communications Tel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5ab390bf-97f9-4156-9186-a1a774ee1b77https://www.globenewswire.com/NewsRoom/AttachmentNg/50bd5300-86ff-4bb8-afb6-330b70fc17bd
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