Melco Resorts & Entertainment Ltd
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Consumer Discretionary : Hotels, Restaurants & Leisure |
Based in Hong Kong
Company profile

Melco Resorts & Entertainment Limited, formerly Melco Crown Entertainment Limited, is a holding company. The Company, through its subsidiaries, develops, owns and operates casino gaming and entertainment casino resort facilities in Asia. It is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in over two geographic areas, which include Macau and the Philippines. Its segments include City of Dreams, Altira Macau, Studio City, Mocha Clubs, City of Dreams Manila, and Corporate and Others. It has over three casino based operations in Macau, namely, City of Dreams, Altira Macau and Studio City, and non-casino based operations in Macau at its Mocha Clubs. It also has a casino based operation in the Philippines, City of Dreams Manila. It is developing the fifth hotel tower at City of Dreams in Cotai, Macau. Its other operations also include Taipa Square Casino, Macau operating within Hotel Taipa Square.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$14.94
Day's Change
0.31 (2.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
15.14
Day's Low
14.57
Volume
(Average)
Volume:
3,032,350

10-day average volume:
3,145,804
3,032,350

UPDATE: Apple pulls 'Fortnite' from App Store after Epic Games offered discount to cut Apple out of purchases

4:28 pm ET August 13, 2020 (MarketWatch)
Print

For an updated version of this story, please click here (http://www.marketwatch.com/story/in-a-true-battle-royale-apple-and-fortnite-maker-appear-headed-for-a-courtroom-2020-08-13). Apple Inc. (AAPL) removed the popular "Fortnite" game from its App Store Thursday after "Fortnite" developer Epic Games began offering players a discount on in-game purchases if they opted to make a direct payment and not buy these digital offerings through the App Store. Apple charges between 15% and 30% to developers who offer in-app purchases of digital services through apps that have been distributed through the App Store. Apple didn't immediately respond to a MarketWatch request for comment but The Verge quotes a statement from Apple (https://www.theverge.com/2020/8/13/21366438/apple-fortnite-ios-app-store-violations-epic-payments) arguing that Epic Games introduced this feature without the company's approval and did so "with the express intent of violating the App Store guidelines regarding in-app payments." The statement also said that Apple will "make every effort to work with Epic to resolve these violations so they can return 'Fortnite' to the App Store." Epic didn't immediately reply to MarketWatch's request for comment. Apple's fee policies around the App Store have come under increased scrutiny from both developers and regulators recently. Big developers including Spotify Technology SA (SPOT) have looked for ways to avoid paying Apple a cut of subscription fees and the developers of Hey, a new email app, publicly battled with Apple in June after the email service rolled out its app without an option to buy subscriptions from within the app. Apple and Hey's developers eventually reached a compromise. Regulators and lawmakers in the U.S. and Europe have also questioned the company's App Store policies and whether they stifle competition. Apple shares are up 1.6% in Thursday trading and they've gained 50% over the past three months as the Dow Jones Industrial Average , of which Apple is a component, has added 20%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 13, 2020 16:28 ET (20:28 GMT)

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