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Melco commits MOP828M to Macau Government Guidance Fund No. 2
MLCOMelco Resorts & Entertainment Ltd
Melco Resorts & Entertainment Limited's indirect subsidiary, Melco Macau, has entered into a limited partnership agreement and subscription agreement to invest in the Macao SAR Government Guidance Fund No. 2. The total capital commitment is MOP828.0 million (approximately HK$803.2 million), representing approximately 9.2% of the fund's aggregate commitments of MOP9,000.0 million. This investment fulfills Melco Macau's non-gaming investment obligations under its gaming concession contract with the Macau government and is expected to be funded by internal resources without materially affecting the company's financial position. The fund aims to support economic diversification in Macau through investments in emerging industries, technology start-ups, and regional development projects. Melco Resorts & Entertainment Limited operates leisure, gaming, and entertainment properties primarily in Macau.