Net Profit Melco International Fell By 88%
Melco international development reported a decline of profits by 88% in the first half, writes salvin ayre.
Melco explained the decline in the macau igor industry faces unprecedented difficulties due to adverse market conditions, which, according to the company estimates, will remain complex in the short term.
In a statement file by the hong kong stock exchange, it is indicated that during this period net profit fell to $ 14.3 million. For the same segment last year, it was $ 184.51 million.
The profit of six largest casino operators macau, which include city of dreams from melco, decreased by 40% for the first half of the 2015 as a result of the fight of chinase government with corruption. Clean revenue of the australian enterprise melco crown entertainment limited since last year decreased by 22.Nine%.
Melco international development owned by lawrence ho, is one of the investors of the russian gambling zone «primorye». Casino tirge de cristal will open in october.