Financial Performance - Net revenue for the year ended December 31, 2023, was HKD 29.53 billion, a 179.5% increase from HKD 10.57 billion in the previous year[3] - Adjusted EBITDA for the year ended December 31, 2023, was HKD 7.51 billion, compared to a negative HKD 362 million in the previous year[3] - Post-tax loss for the year ended December 31, 2023, was HKD 3.49 billion, a significant improvement from the HKD 9.99 billion loss in the previous year[3] - Basic loss per share attributable to the company's owners was HKD 1.16, compared to HKD 3.40 in the previous year[3] - Net asset value per share attributable to the company's owners was HKD 0.4 as of December 31, 2023, down from HKD 1.2 in the previous year[3] - The company reported a net loss of HKD 3.49 billion for 2023, an improvement from the net loss of HKD 9.99 billion in 2022[17][18] - Net revenue for 2023 was HKD 29,531.6 million, a year-on-year increase of 179.5%[80] - Adjusted EBITDA for 2023 was HKD 7,505.1 million, compared to a loss of HKD 362.0 million in 2022, representing a 2,173.4% improvement[80] - The company's attributable loss to owners was HKD 1,743.9 million, a 65.9% reduction compared to 2022[80] - Net revenue increased by 179.5% from HKD 10.57 billion in 2022 to HKD 29.53 billion in 2023, driven by the early relaxation of COVID-19 restrictions in Macau and the opening of City of Dreams Mediterranean and Studio City Phase 2[82] - Casino revenue surged by 185.9% to HKD 24.09 billion in 2023, compared to HKD 8.43 billion in 2022[83] - Adjusted EBITDA improved significantly to HKD 7.51 billion in 2023 from a negative HKD 362 million in 2022, primarily due to the relaxation of COVID-19 restrictions and the opening of Studio City Phase 2[84] - The company's attributable loss narrowed to HKD 1.74 billion in 2023 from HKD 5.11 billion in 2022, despite increased net interest expenses and impairment losses[85] Expenses and Costs - Gaming tax and license fees increased to HKD 11.66 billion from HKD 3.83 billion in the previous year[4] - Employee benefit expenses rose to HKD 6.17 billion from HKD 5.19 billion in the previous year[4] - Depreciation and amortization expenses decreased slightly to HKD 4.45 billion from HKD 4.59 billion in the previous year[4] - Operating costs and expenses for 2023 included depreciation and amortization of HKD 4.45 billion, share-based compensation of HKD 356.3 million, and pre-opening costs of HKD 327.9 million[17] - Non-operating expenses for 2023 included interest expenses of HKD 4.30 billion, other financing costs of HKD 38.0 million, and exchange gains of HKD 51.2 million[17] - The company's total non-operating expenses for 2023 were HKD 4.11 billion, compared to HKD 3.18 billion in 2022[17][18] - The company's income tax expense for 2023 was HKD 98.4 million, compared to HKD 5.6 million in 2022[17][18] - Impairment of non-financial assets increased from HK$568.25 million in 2022 to HK$1.11 billion in 2023, a growth of 96.0%[25] - Advertising and promotion expenses increased from HK$243.30 million in 2022 to HK$1.15 billion in 2023, a growth of 373.1%[25] - Employee-related costs for the year ended December 31, 2023, were HKD 6,171,200,000, up from HKD 5,187,000,000 in 2022[109] Assets and Liabilities - Total non-current assets as of December 31, 2023, were HKD 76.68 billion, down from HKD 79.79 billion in the previous year[6] - Cash and bank balances as of December 31, 2023, were HKD 10.77 billion, down from HKD 14.32 billion in the previous year[6] - Total current liabilities increased to 8,726,114 thousand HKD as of December 31, 2023, compared to 7,276,784 thousand HKD in 2022[7][8] - Net current assets decreased significantly to 4,003,439 thousand HKD in 2023 from 10,027,168 thousand HKD in 2022[8] - Total assets minus current liabilities stood at 80,685,335 thousand HKD as of December 31, 2023, down from 89,814,834 thousand HKD in 2022[8] - Non-current liabilities totaled 70,312,128 thousand HKD in 2023, a decrease from 76,428,769 thousand HKD in 2022[8] - The company's cash and bank balances amounted to 10,765,478 thousand HKD as of December 31, 2023, with unused borrowing capacity of 8,246,959 thousand HKD[11] - Total assets decreased from HK$97.09 billion in 2022 to HK$89.41 billion in 2023, a decline of 7.9%[19] - Total liabilities decreased from HK$83.71 billion in 2022 to HK$79.04 billion in 2023, a decline of 5.6%[19] - The company's equity attributable to owners decreased by 62.9% to HKD 665.0 million in 2023[81] - The company's total intangible assets and financial liabilities as of December 31, 2023, amounted to HKD 2,487,693,000, with a net book value of HKD 2,040,079,000[33] - The company's accumulated amortization of intangible assets as of December 31, 2023, was HKD 447,614,000[33] - Trade receivables as of 2023 amounted to HK$1,868,898,000, with HK$1,315,768,000 overdue by more than six months[42] - Trade payables as of 2023 totaled HK$91,807,000, with HK$58,397,000 due within one month[43] - Other payables, accrued expenses, and deposits received amounted to HK$7,982,093,000 in 2023, including HK$1,244,304,000 in gaming taxes and license fees[44] - Non-current liabilities included HK$2,203,552,000 in grants and license liabilities[45] - Total interest-bearing borrowings as of December 31, 2023, amounted to HKD 63,557,455,000, a decrease from HKD 72,211,007,000 in 2022[46] - New interest-bearing borrowings obtained in 2023 were HKD 9,811,171,000, compared to HKD 14,466,499,000 in 2022[47] - Repayments of interest-bearing borrowings in 2023 were HKD 18,633,784,000, significantly higher than HKD 215,474,000 in 2022[47] - Unsecured notes as of December 31, 2023, were HKD 47,496,913,000, slightly down from HKD 48,252,118,000 in 2022[46] - Unsecured bank loans decreased to HKD 8,222,000,000 in 2023 from HKD 14,831,845,000 in 2022[46] - Secured bank loans stood at HKD 5,135,975,000 in 2023, down from HKD 6,433,806,000 in 2022[46] - Fixed-rate borrowings were HKD 50,199,479,000 in 2023, compared to HKD 50,945,355,000 in 2022[46] - Floating-rate borrowings decreased to HKD 13,357,976,000 in 2023 from HKD 21,265,652,000 in 2022[46] - The company's borrowings denominated in USD were HKD 55,333,455,000 in 2023, down from HKD 63,780,960,000 in 2022[47] - The company repurchased USD 100,000,000 (approximately HKD 780,372,000) of 6.000% senior notes due 2025, resulting in a debt repayment gain of HKD 11,661,000[48] - The company secured a $1,000,000,000 five-year secured credit facility in 2021, consisting of a $688,000,000 term loan and a $312,000,000 revolving credit facility[51] - As of December 31, 2023, the outstanding principal amount of the restated 2021 credit facility was $658,600,000 (approximately HKD 5,144,830,000), down from $837,480,000 (approximately HKD 6,540,308,000) in 2022[53] - The company issued $350,000,000 (approximately HKD 2,733,499,000) of 7.00% senior secured notes due 2027, with net proceeds used for capital expenditures of Studio City's remaining development projects and general corporate purposes[53] - As of December 31, 2023, the company's total available and unused borrowing capacity was HKD 8,246,959,000, a significant increase from HKD 561,019,000 in 2022[54] - The company prepaid $165,120,000 (approximately HKD 1,296,147,000) of outstanding principal under the 2021 credit facility's term loan on April 26, 2023, resulting in a loss on debt modification of HKD 82,222,000 for the year ended December 31, 2023[52] - The interest rate for USD-denominated borrowings under the 2021 credit facility was revised to SOFR plus a credit spread adjustment of 0.06% and a margin of 2.35% per annum, effective June 19, 2023[52] - As of December 31, 2023, HKD 7,880,949,000 of the company's borrowings were secured by certain assets, down from HKD 9,275,637,000 in 2022[54] - The company extended the availability period of an unsecured credit facility of PHP 2,350,000,000 (approximately HKD 330,370,000) to April 30, 2024, with no material changes to terms and conditions[54] - The company's secured bank loans bear interest at HIBOR plus a margin ranging from 1.00% to 4.00% per annum or SOFR plus a credit spread adjustment of 0.06% and a margin of 2.35% per annum, denominated in HKD or USD[51] - The company received waivers for financial covenants under the 2020 credit facility for all relevant periods up to and including March 31, 2024[51] - The capital-to-debt ratio as of December 31, 2023, was 71.1%, a decrease from 74.4% in 2022[104] - The company repaid HKD 1,170,000,000 of outstanding principal under the 2020 credit facility along with accrued interest on March 28, 2024[103] - The total amount of loans secured by the company's assets as of December 31, 2023, was HKD 7,880,900,000, down from HKD 9,275,600,000 in 2022[104] - The company settled a tender offer for USD 100,000,000 (approximately HKD 780,400,000) of 2025 senior notes on November 28, 2023[103] - The company extended the availability period of an unsecured credit facility amounting to PHP 2,350,000,000 (approximately HKD 330,400,000) to April 30, 2024[103] Operations and Projects - City of Dreams Mediterranean, a new integrated resort in Cyprus, commenced operations in 2023 but has been negatively impacted by geopolitical conflicts[11] - The company implemented cost-cutting measures and rationalized capital expenditure plans to preserve cash[11] - The company believes it has sufficient resources to support operations and capital expenditures for at least the next 12 months[11] - The second phase of Studio City's expansion was completed in 2023, with the first stage opening in April and the second stage in September[11] - The company's operating segments are divided into "Casino and Hotel" and "Other," with segment performance evaluated based on Adjusted EBITDA, which excludes interest, taxes, depreciation, amortization, and other non-operating items[16] - The "Casino and Hotel" segment generated net revenue of HKD 29.55 billion in 2023, with Adjusted EBITDA of HKD 7.51 billion, compared to net revenue of HKD 10.57 billion and Adjusted EBITDA loss of HKD 356.8 million in 2022[17][18] - Total assets and liabilities are managed on a group basis, with deferred tax assets and liabilities, as well as other unallocated corporate assets and liabilities, excluded from segment reporting[16] - Net revenue from external customers in the casino and hotel segment increased from HK$6.71 billion in 2022 to HK$24.41 billion in 2023, a growth of 263.8% in Macau[22] - Non-current classified assets in Macau decreased from HK$71.88 billion in 2022 to HK$69.66 billion in 2023, a decline of 3.1%[22] - Capital expenditure in the casino and hotel segment decreased from HK$4.67 billion in 2022 to HK$1.98 billion in 2023, a decline of 57.6%[20] - Customer contract revenue increased from HK$10.22 billion in 2022 to HK$29.12 billion in 2023, a growth of 184.9%[24] - Rental income included in entertainment, retail, and other increased from HK$342.48 million in 2022 to HK$410.41 million in 2023, a growth of 19.8%[24] - Loss from joint ventures and associates decreased from HK$6.59 million in 2022 to HK$6.45 million in 2023, a decline of 2.1%[20] - The impairment of the cash-generating unit of Altira Macau was calculated based on the estimated recoverable amount of HKD 875,115,000 as of December 31, 2022, using a pre-tax discount rate of 14.11%[26] - The company's income tax expense for 2023 was HKD 98,363,000, compared to HKD 5,634,000 in 2022, with significant increases in Hong Kong profits tax and Macau supplementary tax on dividends[27] - Altira Macau was granted an extension of the exemption from Macau supplementary tax on gaming profits from January 1, 2023, to December 31, 2027[28] - Altira Macau entered into agreements with the Macau government for payments in lieu of Macau supplementary tax on dividends from gaming profits, totaling HKD 44,165,000 for 2023[29] - The company did not recommend any dividends for the years ended December 31, 2023, and 2022[30] - The company's basic and diluted loss per share attributable to owners was HKD 1,743,932,000 for 2023, compared to HKD 5,115,881,000 in 2022[31] - Intangible assets increased to HKD 19,357,150,000 in 2023 from HKD 17,319,114,000 in 2022, primarily due to gaming concessions and licenses[32] - The company confirmed intangible assets and financial liabilities of MOP 1,934,035,000 (approximately HKD 1,877,704,000) related to the use and operation rights of reversionary assets and the obligation to pay fixed and floating gaming premiums under the concession[35] - The company was granted a 10-year gaming concession by the Macau government, effective from January 1, 2023, to December 31, 2032, with an annual fixed gaming premium of MOP 30,000,000 (approximately HKD 29,126,000) and additional floating premiums based on the number and type of gaming tables and machines[34] - The company's gaming concession includes the operation of five entertainment venues in Macau, with a minimum requirement of 500 gaming tables and 1,000 gaming machines[34] - The company's intangible assets related to the gaming concession are amortized on a straight-line basis over the 10-year concession period[35] - The company's subsidiary in Cyprus was granted a 30-year gaming license, with an initial annual license fee of EUR 2,500,000 (approximately HKD 21,618,000) for the first four years, increasing to EUR 5,000,000 (approximately HKD 43,236,000) for the subsequent four years[36] - The Cyprus gaming license requires the opening of the City of Dreams Mediterranean by June 30, 2023, with the possibility of termination by the Cyprus government if this deadline is not met[36] - The company's gaming concession in Macau includes the transfer of reversionary assets from the Macau government, with concession fees ranging from MOP 750 (approximately HKD 730) per square meter for the first three years to MOP 2,500 (approximately HKD 2,400) per square meter for the remaining seven years[34] - The company recognized intangible assets of €68,031,000 (approximately HK$579,505,000) and financial liabilities of €67,

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's performance in Q4 2023 was slightly below expectations due to low win rates and impairment costs, with net revenue reaching USD 1.09 billion, recovering to 75.4% of the same period in 2019 [2][3] - The company achieved adjusted property EBITDA of USD 300 million in Q4 2023, which is 74.0% of Q4 2019 levels, primarily impacted by a low win rate and a USD 20 million impairment loss [2] - The company plans to enhance its non-gaming operations, expecting a slight increase in daily operating expenses due to new performances and service quality improvements [3] Summary by Sections Financial Performance - For 2022A, total revenue was HKD 10,565.7 million, with a projected increase to HKD 35,167.7 million in 2024E and HKD 38,491.2 million in 2025E, reflecting a year-on-year growth of 17.0% and 9.5% respectively [2][5] - Adjusted property EBITDA is forecasted to rise from HKD -362 million in 2022A to HKD 9,777.8 million in 2024E and HKD 11,234.2 million in 2025E, with a year-on-year growth of 14.9% in 2025E [2][5] - The current stock price corresponds to EV/Adjusted Property EBITDA ratios of 8.0, 6.4, and 5.6 for 2023, 2024, and 2025 respectively [3] Operational Insights - The company's Macau properties generated total gaming revenue of USD 980 million in Q4 2023, recovering to 64.5% of Q4 2019 levels, with VIP and mass market revenues at 21.9% and 96.7% of 2019 levels respectively [3] - The company is introducing RFID gaming tables to improve operational efficiency and performance [3] Future Outlook - The company has revised its net income forecasts for 2023-2025 to HKD 30.05 billion, HKD 35.17 billion, and HKD 38.49 billion respectively [3] - Capital expenditures for 2024 are expected to be between USD 360 million and USD 375 million, focusing on enhancing non-gaming facilities [3]

Financial Performance - The group's net revenue for the six months ended June 30, 2023, was HKD 13,040 million, an increase of 116.4% compared to HKD 6,030 million in the same period of 2022[4]. - The group reported a loss of HKD 1,400 million for the six months ended June 30, 2023, significantly reduced from a loss of HKD 4,580 million in the same period of 2022[4]. - Adjusted EBITDA surged by 1,804.6%, reaching HKD 3,202.6 million compared to HKD 168.2 million in the same period last year[27]. - The loss attributable to the company's owners decreased by 69.1%, from HKD 2,374.6 million to HKD 733.2 million[28]. - The basic loss per share improved from HKD 1.58 to HKD 0.49, reflecting a 69.1% reduction in losses[29]. - Total operating revenue for the company's gaming operations rose by 118.6%, from HKD 4,904.9 million to HKD 10,723.3 million[26]. - The total comprehensive loss for the six months ended June 30, 2023, was HKD 1,556,816, down from HKD 5,186,383 in the same period of 2022, reflecting a 70.0% reduction[64]. - The total loss before tax for the six months ended June 30, 2023, was HKD 1,414,071, compared to a loss of HKD 4,555,942 in 2022, showing an improvement of 69.0%[63]. Operational Developments - The second phase of Studio City and the indoor water park opened in April 2023, contributing to the recovery of the group's operations[4]. - The City of Dreams Mediterranean in Cyprus officially opened in July 2023 after a successful trial operation in June 2023[3]. - The flagship integrated resort, City of Dreams, has approximately 430 gaming tables and 637 gaming machines as of the first half of 2023[6]. - The new hotel, Starry Suites, featuring 338 luxurious suites, was launched in April 2023, showcasing the group's commitment to providing exceptional service[7]. - The "Exclusive Series Concert" featuring numerous superstars commenced in April 2023, with a total of 90 performances planned over three years[8]. - The group plans to open the Macau Studio City W Hotel in September 2023, adding approximately 560 rooms and several new non-gaming attractions[14]. - The group continues to operate three satellite casinos in Cyprus, contributing to the expansion of its business in the region[12]. Visitor Trends - In the first half of 2023, the number of visitors to Macau increased by 236.1% year-on-year to 11.65 million, with an average of over 64,000 daily visitors, reaching 59.6% of pre-pandemic levels[14]. - Macau's total gaming revenue increased by 205% year-on-year in the first half of 2023, with the group's direct VIP room business surpassing the performance of the same period in 2019[3]. Sustainability Initiatives - The group aims to replace single-use plastic bottles with reusable glass bottles across all operations, having already reduced over 1.4 million single-use plastic bottles in Macau and Manila[22]. - The group has committed to sourcing only cage-free eggs by 2025, with 100% of eggs supplied at City of Dreams Manila already being cage-free since March 2022[22]. - The group received the "Best Environmental Responsibility Award" at the Asia Excellence Awards 2023, highlighting its commitment to environmental sustainability[22]. Awards and Recognition - The group achieved 97 stars in the Forbes Travel Guide 2023, maintaining its leading position among integrated resort operators in Macau and Asia[18]. - The group’s properties received a total of 17 five-star honors in the Forbes Travel Guide, with the Macau property, Studio City, winning five-star recognition for 14 consecutive years[18]. - The group’s restaurants earned seven stars in the Hong Kong Macau Michelin Guide 2023, making it one of the operators with the most Michelin stars in Macau[19]. - The City of Dreams Mediterranean project in Europe won the "Best Hotel Architecture in Cyprus" and "Best New Hotel Construction and Design in Cyprus" at the 2023 European Real Estate Awards[19]. Employee and Talent Development - The total number of employees as of June 30, 2023, was 19,676, up from 17,270 in 2022, representing an increase of 13.9%[58]. - The group’s "Career Advancement Program" was awarded the ATD Excellence in Practice Award 2023, reflecting its commitment to talent development[20]. - The group’s "Reach! New Macau Sports Elite Training Program" encourages employees to adopt healthier lifestyles through sports and physical activities[20]. Financial Position and Debt Management - The total assets decreased by 3.2% from HKD 97,091.6 million to HKD 93,946.1 million[24]. - The total liabilities also decreased by 2.2%, from HKD 83,705.6 million to HKD 81,840.6 million[24]. - The capital debt ratio improved to 71.2% as of June 30, 2023, compared to 74.4% at the end of 2022[51]. - The group has available undrawn borrowing capacity of HKD 4.84 billion as of June 30, 2023, significantly up from HKD 0.56 billion at the end of 2022[48]. - The group repaid principal amounts of HKD 5.31 billion and USD 1.12 billion during the reporting period[49]. Corporate Governance - The company has established a corporate governance code to ensure high transparency and accountability to shareholders[182]. - The audit committee consists of one non-executive director and two independent non-executive directors, responsible for reviewing financial reports and risk management[185]. - The company has complied with its corporate governance code throughout the six months ending June 30, 2023, except for certain deviations[182]. Future Outlook - The company provided an optimistic outlook for the second half of 2023, projecting a revenue growth of 20% to 30%[188]. - New product launches are expected to contribute an additional HKD 1 billion in revenue by the end of 2023[188]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[188].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 新濠國際發展有限公 司 （於香港註冊成立之有限公司） 網址：www.melco-group.com （股份代號：200） 截至二零二三年六月三十日止六個月之中期業績 新濠國際發展有限公司（「本公司」或「新濠國際」）之董事會（「董事會」）謹此公佈 本公司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經 審核簡明綜合財務資料如下： | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Financial Performance - Net revenue decreased by 32.4% to HKD 10.57 billion, compared to HKD 15.64 billion for the year ended December 31, 2021[11]. - Adjusted EBITDA was negative HKD 362 million, down from HKD 1.54 billion for the year ended December 31, 2021[11]. - Net loss after tax was HKD 9.99 billion, compared to a net loss of HKD 7.94 billion for the year ended December 31, 2021[11]. - The group's net revenue for the year ended December 31, 2022, was HKD 10.57 billion, a decrease of 32.4% compared to HKD 15.64 billion in the same period of 2021[27]. - The group reported a loss of HKD 9.99 billion for the year, compared to a loss of HKD 7.94 billion in 2021[27]. - The loss attributable to shareholders increased by 34.2% to HKD 5,110 million in 2022 from HKD 3,810 million in 2021[54]. - Casino revenue fell by 35.3% to HKD 8,426 million in 2022, down from HKD 13,030 million in 2021[52]. - Hotel room revenue decreased by 25.5% to HKD 912.7 million in 2022 compared to HKD 1,224.6 million in 2021[52]. - Total operating revenue for Melco Resorts and Entertainment was $559.7 million for the year ended December 31, 2022, down from $1,146.9 million in 2021, representing a decrease of 51.1%[58]. - Adjusted property EBITDA for Melco Resorts was negative $32.2 million in 2022, compared to positive $202 million in 2021[58]. Operational Developments - The gaming revenue in the Philippines has rebounded to near pre-pandemic levels, while Cyprus's gaming revenue exceeded pre-pandemic levels in Q4 2022[12]. - The opening of the second phase of Studio City and City of Dreams Mediterranean in Cyprus is expected in 2023, aiming to meet pent-up travel demand[12]. - The company reported a significant increase in visitor numbers to Macau since the easing of social distancing measures on January 8, 2023, indicating a positive outlook for the region[24]. - The company anticipates strong performance during the upcoming Spring Festival, with both foot traffic and revenue maintaining substantial levels[24]. - The first phase of the new Studio City Phase 2 is set to open in Q2 2023, featuring a new hotel and an all-weather water park, aimed at attracting more visitors[24]. - The company is optimistic about its Cyprus operations, which have shown improved profitability as pandemic restrictions are lifted, with the City of Dreams Mediterranean set to open in Q2 2023[24]. - The group’s gaming operations in the Philippines have fully reopened since March 1, 2022, with gaming volumes recovering towards pre-pandemic levels[26]. - The total operating revenue for City of Dreams Manila increased to $396.4 million in 2022, up from $268.6 million in 2021, marking a growth of 47.5%[66]. - Cyprus operations generated total revenue of $91.3 million in 2022, an increase from $52.6 million in 2021, representing a growth of 73.5%[68]. Sustainability and Corporate Social Responsibility - The company is committed to sustainable development and has received recognition for its efforts in corporate social responsibility and sustainability initiatives[13]. - The total greenhouse gas emissions increased to 17,688 MtCO2e in 2022 from 15,387 MtCO2e in 2021[16]. - Total energy consumption rose to 390,278 MWh in 2022, up from 383,628 MWh in 2021[17]. - Charitable contributions exceeded HKD 63.88 million in 2022, with over 22,000 volunteer hours logged[14]. - The company aims for carbon neutrality and zero waste at its resorts by 2030[48]. - The company is committed to supporting sustainable and diversified development in Macau's tourism and leisure industry, backed by a new ten-year gaming license[36]. - The company has implemented various community support initiatives, including volunteer activities and charitable donations, to address the needs of vulnerable community members[158]. Corporate Governance - The company has maintained a high level of corporate governance, focusing on responsible decision-making and improving transparency to shareholders[93]. - The board includes experienced independent non-executive directors with backgrounds in law, finance, and media, enhancing the company's governance structure[89][90]. - The company emphasizes risk management and aims to enhance overall performance through improved governance practices[93]. - The audit committee and remuneration committee are composed of independent directors, ensuring unbiased oversight of financial reporting and executive compensation[88][89]. - The company has established a governance policy for environmental, social, and governance (ESG) matters to ensure sustainable operations and compliance with listing rules[138]. - The company has established its own corporate governance code to ensure high transparency and accountability to shareholders[94]. - The board of directors regularly reviews and updates the governance guidelines, policies, and procedures in accordance with applicable laws and market practices[95]. Employee Engagement and Development - The company emphasizes the importance of talent and aims to create a supportive work environment, promoting diversity and equal opportunities across all areas[81]. - The company is committed to providing employee training to enhance skills necessary for business development, aligning training goals with desired outcomes[83]. - The company has established a strong learning and development culture to support the holistic development of its employees, offering competitive compensation and wellness programs[156]. - The company expanded its mental health program "Feel Better" and launched the "Reach! Elite Sports Talent Development Program" to promote employee well-being[152]. - The company’s training completion rate for occupational safety and health measures reached 99.5% in 2022, indicating significant progress in enhancing employee safety awareness[41]. Market Position and Competitive Advantage - The company has established a competitive advantage in the high-end mass market segment, which is expected to drive overall market recovery in Macau[25]. - The company has successfully positioned itself as a leader in the entertainment and leisure industry, with a focus on innovative products and services[20]. - The company is focused on expanding its market presence and enhancing its operational capabilities through strategic initiatives and potential acquisitions[79]. Shareholder Communication and Rights - The company has a framework for effective communication with shareholders, ensuring their rights are upheld[145]. - The company held its 2022 Annual General Meeting in a hybrid format, allowing shareholders to participate both in-person and online, addressing public health concerns during the COVID-19 pandemic[147]. - Shareholders holding at least 5% of total voting rights can request a special meeting, and those with at least 2.5% can propose resolutions at the annual general meeting[143]. Awards and Recognition - The company received the "Corporate Social Responsibility Award" at the 2022 Asia Global Gaming Awards for its community contributions[7]. - Melco International received multiple awards for outstanding corporate governance, including being named "Best Investor Relations Company" for the 11th time by Asia Corporate Governance Magazine in 2022[40]. - The company was awarded the "Best Responsible Gaming Program" at the 2023 Asia Gaming Awards, further validating its efforts in promoting responsible gaming culture[46]. - Melco International achieved 97 Forbes stars in 2023, including 17 five-star awards, showcasing its commitment to high-quality service[47].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 新濠國際發展有限公 司 （於香港註冊成立之有限公司） 網址：www.melco-group.com （股份代號：200） 截至二零二二年十二月三十一日止年度之全年業績 新濠國際發展有限公司（「本公司」或「新濠國際」）之董事會（「董事會」）謹此宣佈 下文載列之本公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日 止年度之經審核綜合全年業績。 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...