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Midas Edge

Melco Resorts & Entertainment LTD

For the period ended Dec 31, 2024. Filed Mar 21, 2025.

View on SEC.gov

About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2024 · Filed Mar 21, 2025

MLCO$4.51-1.1%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Table of Contents

Page
INTRODUCTION1
GLOSSARY7
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS10
EXCHANGE RATE INFORMATION12
PART I12
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS12
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE12
ITEM 3. KEY INFORMATION13
A. [RESERVED]13
B. CAPITALIZATION AND INDEBTEDNESS13
C. REASONS FOR THE OFFER AND USE OF PROCEEDS13
D. RISK FACTORS14
ITEM 4. INFORMATION ON THE COMPANY81
A. HISTORY AND DEVELOPMENT OF THE COMPANY81
B. BUSINESS OVERVIEW82
C. ORGANIZATIONAL STRUCTURE124
D. PROPERTY, PLANT AND EQUIPMENT126
ITEM 4A. UNRESOLVED STAFF COMMENTS126
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS126
A. OPERATING RESULTS126
B. LIQUIDITY AND CAPITAL RESOURCES138
C. RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.146
D. TREND INFORMATION146
E. CRITICAL ACCOUNTING ESTIMATES147
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES151
A. DIRECTORS AND SENIOR MANAGEMENT151
B. COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS156
C. BOARD PRACTICES157
D. EMPLOYEES162
E. SHARE OWNERSHIP163
F. DISCLOSURE OF A REGISTRANT’S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION167
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS168
A. MAJOR SHAREHOLDERS168
B. RELATED PARTY TRANSACTIONS169
C. INTERESTS OF EXPERTS AND COUNSEL170
ITEM 8. FINANCIAL INFORMATION170
A. CONSOLIDATED STATEMENTS AND OTHER FINANCIAL INFORMATION170
B. SIGNIFICANT CHANGES171
ITEM 9. THE OFFER AND LISTING171
A. OFFERING AND LISTING DETAILS
B. PLAN OF DISTRIBUTION
C. MARKETS
D. SELLING SHAREHOLDERS
E. DILUTION
F. EXPENSES OF THE ISSUE
ITEM 10. ADDITIONAL INFORMATION171
A. SHARE CAPITAL171
B. MEMORANDUM AND ARTICLES OF ASSOCIATION171

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Page
C. MATERIAL CONTRACTS181
D. EXCHANGE CONTROLS182
E. TAXATION182
F. DIVIDENDS AND PAYING AGENTS188
G. STATEMENT BY EXPERTS188
H. DOCUMENTS ON DISPLAY188
I. SUBSIDIARY INFORMATION189
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK189
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES190
A. DEBT SECURITIES190
B. WARRANTS AND RIGHTS190
C. OTHER SECURITIES190
D. AMERICAN DEPOSITARY SHARES191
PART II192
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES192
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS192
ITEM 15. CONTROLS AND PROCEDURES192
ITEM 16. [RESERVED]193
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT193
ITEM 16B. CODE OF ETHICS193
ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES194
ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES194
ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS194
ITEM 16F. CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT195
ITEM 16G. CORPORATE GOVERNANCE195
ITEM 16H. MINE SAFETY DISCLOSURE196
ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS196
ITEM 16J. INSIDER TRADING POLICIES197
ITEM 16K. CYBERSECURITY197
PART III199
ITEM 17. FINANCIAL STATEMENTS199
ITEM 18. FINANCIAL STATEMENTS199
ITEM 19. EXHIBITS199
SIGNATURES206
INDEX TO CONSOLIDATED FINANCIAL STATEMENTSF-1

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ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.