Melco International reports increase in revenue, wider loss

09/14/2009 | Wall Street Journal, The

Melco International Development Ltd. posted a first-half loss of $104.7 million, a 32% wider loss than the same period last year. However, revenue rose by more than 50%. The Hong Kong company owned by Lawrence Ho, the son of Macau gambling magnate Stanley Ho, operates casinos in Macau. Melco opened the City of Dreams casino-resort this year, and the company's market share of Macau gaming revenue grew to 17%.

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