STOCK TITAN

Melco becomes world’s first integrated resort operator to launch the NORDAQ water filtration system across its global resorts

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Melco Resorts & Entertainment launches NORDAQ water purification and bottling solution across global properties, aiming to replace single-use plastic bottles with refillable glass bottles. 43% of hotel rooms and three restaurant outlets in Macau and Manila already have NORDAQ installed, eliminating over 1.4 million SUP bottles. Estimated 14.8 million plastic bottles to be eliminated yearly in Macau alone. Melco remains a signatory to the Global Tourism Plastics Initiative. Positive engagement with sustainability.
Positive
  • Melco Resorts & Entertainment launches NORDAQ water purification and bottling solution, eliminating over 1.4 million SUP bottles and aiming to eliminate 14.8 million plastic bottles yearly in Macau alone.
  • Melco remains a signatory to the Global Tourism Plastics Initiative, demonstrating positive engagement with sustainability.
Negative
  • None.

MACAU, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has become the world’s first hospitality group and integrated resort operator to launch the NORDAQ water purification and bottling solution across its global property portfolio, including at its properties in Macau, the Philippines and Cyprus.

With sustainability at the core of its development strategy, Melco’s objective, as stated in its sustainability strategy Rise to Go Above & Beyond, is to gradually replace single-use plastic (SUP) bottles with refillable glass bottles across all its operations. The initiative continued to gain traction throughout 2022, with NORDAQ installed across 43% of Melco’s hotel rooms and three restaurant outlets in Macau and Manila, eliminating a total of over 1.4 million SUP bottles at City of Dreams Manila and its Macau properties. Once fully operational across all Melco’s properties in Macau alone, an estimated 14.8 million plastic bottles will be eliminated yearly at normalized business volumes.

The NORDAQ system has also been launched at Melco latest integrated resort property, City of Dreams Mediterranean, which officially opened its doors to guests on July 10.

Mr. Lawrence Ho, Melco Chairman & CEO, said, "Action with positive engagement continues to be of key importance in our approach to sustainability. In our drive to be an adaptable and forward-thinking business, and to contribute to a climate-fit and equitable future, Melco remains a signatory to the Global Tourism Plastics Initiative (GTPI), an initiative led by the UN Environment Programme and the World Tourism Organization in collaboration with the Ellen MacArthur Foundation. We have been developing and enhancing our 2025 roadmap to address the root causes of plastic pollution within our operations, and as part of this, we are glad to have rolled out the NORDAQ solution across our properties in both Asia and Europe. Through such initiatives, we hope to continue to inspire our guests by demonstrating that a sustainable future is a better future."

Ms. Johanna Mattsson, CEO of NORDAQ, said, "NORDAQ, is a sustainability company focusing on eliminating single used plastic. To transport water over water is one of the most illogical things we can do. We automatically shrink our own source and make it harder to get clean water. NORDAQ provides, in my opinion, the world's most innovative and effective water solution for superior taste and less waste. We are proud and very happy about this joint journey together with Melco which will be the world´s first integrated resort to launch NORDAQ water across its global resorts. Together we continue to embrace sustainable practices.”

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus (www.cityofdreamsmed.com.cy). The Company also continues to operate three satellite casinos in other cities in Cyprus (the "Cyprus Casinos”). For more information about the Company, please visit www.melco-resorts.com.

The Company is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

For media enquiries regarding Melco, please contact:
Chimmy Leung
Executive Director, Corporate Communications,
Melco Resorts & Entertainment
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

For media enquiries regarding NORDAQ, please contact:
Stephanie G. Bonn
Zap PR
Office: +46 (0)8 661 16 18
Mobile: +46 (0)70 77 56 110
Email: stephanie@zap-pr.com


Melco Resorts & Entertainment Ltd

NASDAQ:MLCO

MLCO Rankings

MLCO Latest News

MLCO Stock Data

Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
Consumer Services, Casinos/Gaming, Arts, Entertainment, and Recreation, Casinos (except Casino Hotels)
HK
Central

About MLCO

melco resorts & entertainment limited (nasdaq: mlco) is an award-winning developer, owner and operator of casino gaming and entertainment casino resort facilities in asia. in macau, melco resorts & entertainment currently operates city of dreams macau (www.cityofdreamsmacau.com), our flagship integrated entertainment resort and home of the house of dancing water, the world's largest water-based performance; altira macau (www.altiramacau.com), a forbes-five-star luxury hotel; and mocha clubs (www.mochaclubs.com), the largest non-casino based operations of electronic gaming machines in macau. opened in october 2015 was the hollywood-themed studio-concept resort, studio city, a thrilling new cinematic inspired entertainment and leisure destination. it is designed to be the most diversified entertainment offering in macau, with more world-class entertainment amenities than any integrated resort in the market, representing the pinnacle of entertainment-driven leisure destination experiences