Melco Announces Commitment for Studio City Private Placement

MACAU, 07 Feb. 2022 (GLOBE NEWSWIRE) — Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco“or the”Company”), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announced that its subsidiary, MCO Cotai Investments Limited, has entered into an underwriting agreement with Studio City International Holdings Limited (“SCIHL”) to purchase approximately 220 million shares of SCIHL Class A common stock (the “SCIHL Class A Shares“) for an aggregate purchase price of approximately US$165 million.

This press release is neither an offer to sell nor a solicitation of an offer to buy these or any other securities and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer , solicitation or sale would be unlawful. The SCIHL Class A Shares and the SCIHL U.S. Deposit Shares (“SCIHL ADS”) are being offered on an offer exempt from registration under the Securities Act of 1933, as amended (the “securities law”), and outside the United States, based on Regulation S under the Securities Act. The SCIHL Class A Shares and the SCIHL ADSs have not been registered under the Securities Act or any state securities law and may not be offered or sold in the United States absent registration or applicable exemption from the requirements of registration under the Securities Act or any applicable state. securities laws.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also make forward-looking statements in its periodic reports to the Securities and Exchange of the United States. Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) the global COVID-19 pandemic, caused by a new strain of coronavirus, and the continued impact of its consequences on our business, our industry and the global economy, (ii) growth in the gaming and tour market in Macau, the Philippines and the Republic of Cyprus, (iii) volatility in capital and credit markets, (iv) local and global economic conditions, (v) our anticipated growth strategies, (vi) gaming authority and other government approvals and regulations, (vii) proposed amendments to the Macau Gaming Law, extension of current concessions and sub-concessions, and tendering for new gaming concessions; and (viii) our future business development, results of operations and financial condition. In some instances, forward-looking statements may be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, ” intend to”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update such information except as required by applicable law.

About Melco Resorts & Entertainment Limited

The Company, with its U.S. Depository Stock 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 (, an integrated resort located in Taipa, Macau and City of Dreams (, an integrated resort located in Cotai, Macau. Its activity also includes Moka Clubs (, which include the largest non-casino electronic gaming machine operations in Macau. The Company also majority owns and operates Studio City (, a cinema-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (, a complex integrated into the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Méditerranée ( in the Republic of Cyprus, which is expected to be the largest and first integrated tourist destination in Europe. The Company currently operates a temporary casino, the first licensed casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cypriot Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while the operation of the temporary casino will cease. For more information about the Company, please visit

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 managed by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

For the investment community, please contact:
Robin Yuen
Tel: +852 2598 3619

For media inquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765