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Melco Resorts & Entertainment Ltd. – ‘20-F’ for 12/31/23 – ‘EX-15.1’

On:  Friday, 3/22/24, at 7:30am ET   ·   For:  12/31/23   ·   Accession #:  1193125-24-74554   ·   File #:  1-33178

Previous ‘20-F’:  ‘20-F’ on 3/31/23 for 12/31/22   ·   Latest ‘20-F’:  This Filing   ·   17 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/22/24  Melco Resorts & Entertainment Ltd 20-F       12/31/23  159:22M                                    Donnelley … Solutions/FA

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual or Annual-Transition Report by a Foreign     HTML   4.98M 
                Non-Canadian Issuer                                              
 2: EX-2.24     Plan of Acquisition, Reorganization, Arrangement,   HTML   1.63M 
                Liquidation or Succession                                        
 3: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     51K 
 6: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     46K 
 7: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     46K 
11: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     64K 
                Awarded Compensation                                             
 4: EX-12.1     Statement re: the Computation of Ratios             HTML     50K 
 5: EX-12.2     Statement re: the Computation of Ratios             HTML     50K 
 8: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     47K 
 9: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     46K 
10: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     46K 
17: R1          Cover Page                                          HTML    123K 
18: R2          Consolidated Balance Sheets                         HTML    207K 
19: R3          Consolidated Balance Sheets (Parenthetical)         HTML     63K 
20: R4          Consolidated Statements of Operations               HTML    172K 
21: R5          Consolidated Statements of Comprehensive Loss       HTML     79K 
22: R6          Consolidated Statements of (Deficit) Equity         HTML    133K 
23: R7          Consolidated Statements of Cash Flows               HTML    187K 
24: R8          Organization and Business                           HTML     59K 
25: R9          Summary of Significant Accounting Policies          HTML    162K 
26: R10         Cash, Cash Equivalents and Restricted Cash          HTML     60K 
27: R11         Accounts Receivable, Net                            HTML     75K 
28: R12         Assets Held for Sale                                HTML     59K 
29: R13         Property and Equipment, Net                         HTML     78K 
30: R14         Goodwill and Intangible Assets, Net                 HTML    128K 
31: R15         Long-Term Prepayments, Deposits and Other Assets    HTML     62K 
32: R16         Land Use Rights, Net                                HTML     56K 
33: R17         Accrued Expenses and Other Current Liabilities      HTML     62K 
34: R18         Long-Term Debt, Net                                 HTML    162K 
35: R19         Leases                                              HTML    104K 
36: R20         Fair Value Measurements                             HTML     57K 
37: R21         Capital Structure                                   HTML     55K 
38: R22         Income Taxes                                        HTML    182K 
39: R23         Share-Based Compensation                            HTML    211K 
40: R24         Employee Benefit Plans                              HTML     53K 
41: R25         Distribution of Profits                             HTML     52K 
42: R26         Dividends                                           HTML     48K 
43: R27         Regular License, Cooperation Agreement, Operating   HTML     58K 
                Agreement and Mrp Lease Agreement for City of                    
                Dreams Manila                                                    
44: R28         Commitments and Contingencies                       HTML     74K 
45: R29         Related Party Transactions                          HTML     96K 
46: R30         Segment Information                                 HTML    200K 
47: R31         Changes in Shareholdings of Subsidiaries            HTML     66K 
48: R32         Additional Information - Financial Statement        HTML    240K 
                Schedule 1 Financial Information of Parent Company               
49: R33         Schedule 1 Financial Information of Parent Company  HTML     53K 
                Additional Information                                           
50: R34         Summary of Significant Accounting Policies          HTML    225K 
                (Policies)                                                       
51: R35         Summary of Significant Accounting Policies          HTML     83K 
                (Tables)                                                         
52: R36         Cash, Cash Equivalents and Restricted Cash          HTML     60K 
                (Tables)                                                         
53: R37         Accounts Receivable, Net (Tables)                   HTML     76K 
54: R38         Property and Equipment, Net (Tables)                HTML     76K 
55: R39         Goodwill and Intangible Assets, Net (Tables)        HTML    117K 
56: R40         Long-Term Prepayments, Deposits and Other Assets    HTML     60K 
                (Tables)                                                         
57: R41         Land Use Rights, Net (Tables)                       HTML     55K 
58: R42         Accrued Expenses and Other Current Liabilities      HTML     61K 
                (Tables)                                                         
59: R43         Long-Term Debt, Net (Tables)                        HTML     80K 
60: R44         Leases (Tables)                                     HTML    106K 
61: R45         Income Taxes (Tables)                               HTML    174K 
62: R46         Share-Based Compensation (Tables)                   HTML    194K 
63: R47         Related Party Transactions (Tables)                 HTML     89K 
64: R48         Segment Information (Tables)                        HTML    199K 
65: R49         Changes in Shareholdings of Subsidiaries (Tables)   HTML     62K 
66: R50         ORGANIZATION AND BUSINESS - Additional Information  HTML     49K 
                (Detail)                                                         
67: R51         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     67K 
                Schedule of Estimated Useful Lives of Property and               
                Equipment (Detail)                                               
68: R52         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     97K 
                Additional Information (Detail)                                  
69: R53         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     59K 
                Summary of contracts and contract-related                        
                liabilities with customers (Detail)                              
70: R54         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     57K 
                Weighted Average Number of Ordinary and Ordinary                 
                Equivalent Shares Used in Calculation of Basic and               
                Diluted Net Loss (Detail)                                        
71: R55         CASH, CASH EQUIVALENTS AND RESTRICTED CASH -        HTML     67K 
                Schedule of Cash and Cash Equivalents (Detail)                   
72: R56         CASH, CASH EQUIVALENTS AND RESTRICTED CASH -        HTML     75K 
                Schedule of Cash and Cash Equivalents                            
                (Parenthetical) (Detail)                                         
73: R57         ACCOUNTS RECEIVABLE, NET - Components of Accounts   HTML     68K 
                Receivable, Net (Detail)                                         
74: R58         ACCOUNTS RECEIVABLE, NET - Components of Accounts   HTML     48K 
                Receivable, Net (Parenthetical) (Detail)                         
75: R59         ACCOUNTS RECEIVABLE, NET - Movement in Allowances   HTML     57K 
                for Credit Losses (Detail)                                       
76: R60         ACCOUNTS RECEIVABLE, NET - Additional Information   HTML     47K 
                (Detail)                                                         
77: R61         ASSETS HELD FOR SALE - Additional Information       HTML     78K 
                (Detail)                                                         
78: R62         PROPERTY AND EQUIPMENT, NET - Components of         HTML     69K 
                Property and Equipment, Net (Detail)                             
79: R63         PROPERTY AND EQUIPMENT, NET - Summary Of Reversion  HTML     57K 
                Assets (Detail)                                                  
80: R64         PROPERTY AND EQUIPMENT, NET - Additional            HTML     52K 
                Information (Detail)                                             
81: R65         GOODWILL AND INTANGIBLE ASSETS, NET - Summary of    HTML     59K 
                Changes in the Carrying Amounts of Goodwill                      
                (Detail)                                                         
82: R66         GOODWILL AND INTANGIBLE ASSETS, NET - Summary of    HTML     55K 
                Changes in the Carrying Amounts of Goodwill                      
                (Parenthetical) (Detail)                                         
83: R67         GOODWILL AND INTANGIBLE ASSETS, NET - Additional    HTML    158K 
                Information (Detail)                                             
84: R68         GOODWILL AND INTANGIBLE ASSETS, NET - Summary of    HTML     78K 
                Intangible Assets, Net (Detail)                                  
85: R69         GOODWILL AND INTANGIBLE ASSETS, NET - Summary of    HTML     62K 
                Estimated Future Amortization Expenses of                        
                Finite-Lived Intangible Assets (Detail)                          
86: R70         LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS -  HTML     67K 
                Schedule of Long-Term Prepayments, Deposits and                  
                Other Assets (Detail)                                            
87: R71         LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS -  HTML     48K 
                Schedule of Long-Term Prepayments, Deposits and                  
                Other Assets (Parenthetical) (Detail)                            
88: R72         LAND USE RIGHTS, NET - Schedule of Land Use         HTML     57K 
                Rights, Net (Detail)                                             
89: R73         ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES -    HTML     68K 
                Schedule of Accrued Expenses and Other Current                   
                Liabilities (Detail)                                             
90: R74         ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES -    HTML     47K 
                Schedule of Accrued Expenses and Other Current                   
                Liabilities (Parenthetical) (Detail)                             
91: R75         LONG-TERM DEBT, NET - Summary of Long-term Debt,    HTML     92K 
                Net (Detail)                                                     
92: R76         LONG-TERM DEBT, NET - Summary of Long-term Debt,    HTML     85K 
                Net (Parenthetical) (Detail)                                     
93: R77         Long-Term Debt, Net (2017 4.875% Senior Notes) -    HTML     71K 
                Additional Information (Detail)                                  
94: R78         Long-Term Debt, Net (2019 5.250% Senior Notes) -    HTML     65K 
                Additional Information (Detail)                                  
95: R79         Long-Term Debt, Net (2019 5.625% Senior Notes) -    HTML     65K 
                Additional Information (Detail)                                  
96: R80         Long-Term Debt, Net (2019 5.375% Senior Notes) -    HTML     75K 
                Additional Information (Detail)                                  
97: R81         Long-Term Debt, Net (2020 5.750% Senior Notes) -    HTML     71K 
                Additional Information (Detail)                                  
98: R82         Long-Term Debt, Net (2020 Studio City Notes) -      HTML     87K 
                Additional Information (Detail)                                  
99: R83         Long-Term Debt, Net (2021 5.000% Studio City        HTML     77K 
                Notes) - Additional Information (Detail)                         
100: R84         Long-Term Debt, Net (2022 7.000% Studio City        HTML     71K  
                Secured Notes) - Additional Information (Detail)                 
101: R85         Long-Term Debt, Net (2015 Credit Facilities) -      HTML     88K  
                Additional Information (Detail)                                  
102: R86         Long-Term Debt, Net (2020 Credit Facilities) -      HTML     99K  
                Additional Information (Detail)                                  
103: R87         Long-Term Debt, Net (2016 Studio City Credit        HTML     91K  
                Facilities) - Additional Information (Detail)                    
104: R88         Long-Term Debt, Net (Philippine Credit Facility) -  HTML     64K  
                Additional Information (Detail)                                  
105: R89         Long-Term Debt, Net - Borrowing Rates of Long-Term  HTML     47K  
                Debt - Additional Information (Detail)                           
106: R90         LONG-TERM DEBT, NET - Scheduled Maturities of       HTML     66K  
                Long-Term Debt (Excluding Unamortized Deferred                   
                Financing Costs and Original Issue Premiums)                     
                (Detail)                                                         
107: R91         LEASES - Schedule Of Components Of Lease Cost       HTML     63K  
                (Detail)                                                         
108: R92         LEASES - Disclosure of Other Information Related    HTML     55K  
                to Lease Term and Discount Rate (Detail)                         
109: R93         LEASES - Schedule Of Maturities Of Lease            HTML     93K  
                Liabilities (Detail)                                             
110: R94         LEASES - Summary of Future Minimum Fees, Excluding  HTML     61K  
                the Contingent Fees to be Received under                         
                Non-Cancellable Operating Leases (Detail)                        
111: R95         LEASES - Additional Information (Detail)            HTML     61K  
112: R96         FAIR VALUE MEASUREMENTS - Additional Information    HTML     50K  
                (Detail)                                                         
113: R97         CAPITAL STRUCTURE - Shares Issued By Company -      HTML     56K  
                Additional Information (Detail)                                  
114: R98         CAPITAL STRUCTURE - Shares Repurchased by the       HTML     94K  
                Company - Additional Information (Detail)                        
115: R99         INCOME TAXES - Summary of Loss before Income Tax    HTML     62K  
                (Detail)                                                         
116: R100        INCOME TAXES - Summary of Income Tax Expense        HTML     87K  
                (Detail)                                                         
117: R101        INCOME TAXES - Schedule of Reconciliation of        HTML     82K  
                Income Tax Expense from Loss Before Income Tax                   
                (Detail)                                                         
118: R102        INCOME TAXES - Additional Information (Detail)      HTML    116K  
119: R103        INCOME TAXES - Schedule of Net Deferred Tax         HTML     77K  
                Liabilities (Detail)                                             
120: R104        INCOME TAXES - Schedule of Unrecognized tax         HTML     55K  
                benefits (Detail)                                                
121: R105        SHARE-BASED COMPENSATION - Additional Information   HTML    267K  
                (Detail)                                                         
122: R106        SHARE-BASED COMPENSATION - Information for Share    HTML     70K  
                Options (Detail)                                                 
123: R107        SHARE-BASED COMPENSATION - Summary of Assumptions   HTML     72K  
                Used to Estimate Fair Values of Stock Options                    
                (Detail)                                                         
124: R108        SHARE-BASED COMPENSATION - Summary of Share         HTML    113K  
                Options Activity (Detail)                                        
125: R109        SHARE-BASED COMPENSATION - Summary of Restricted    HTML     86K  
                Shares Activity (Detail)                                         
126: R110        SHARE-BASED COMPENSATION - Information for          HTML     67K  
                Restricted Shares (Detail)                                       
127: R111        SHARE-BASED COMPENSATION - Impact of Share Options  HTML     63K  
                and Restricted Shares (Detail)                                   
128: R112        EMPLOYEE BENEFIT PLANS - Additional Information     HTML     52K  
                (Detail)                                                         
129: R113        DISTRIBUTION OF PROFITS - Additional Information    HTML     58K  
                (Detail)                                                         
130: R114        DIVIDENDS - Additional Information (Detail)         HTML     50K  
131: R115        REGULAR LICENSE, COOPERATION AGREEMENT, OPERATING   HTML     68K  
                AGREEMENT AND MRP LEASE AGREEMENT FOR CITY OF                    
                DREAMS MANILA - Additional Information (Detail)                  
132: R116        COMMITMENTS AND CONTINGENCIES - Additional          HTML     47K  
                Information -Capital Commitments (Detail)                        
133: R117        COMMITMENTS AND CONTINGENCIES - Additional          HTML     96K  
                Information - Other Commitments - Concession                     
                (Detail)                                                         
134: R118        COMMITMENTS AND CONTINGENCIES - Additional          HTML     79K  
                Information - Other Commitments - Regular License                
                Philippines (Detail)                                             
135: R119        COMMITMENTS AND CONTINGENCIES - Additional          HTML     66K  
                Information - Guarantees (Detail)                                
136: R120        COMMITMENTS AND CONTINGENCIES - Additional          HTML     49K  
                Information - Other Commitments - Gaming License                 
                in Cyprus (Detail)                                               
137: R121        COMMITMENTS AND CONTINGENCIES - Additional          HTML     49K  
                Information - Litigation (Detail)                                
138: R122        RELATED PARTY TRANSACTIONS - Schedule of            HTML     63K  
                Significant Related Party Transactions (Detail)                  
139: R123        RELATED PARTY TRANSACTIONS - Additional             HTML     82K  
                Information (Detail)                                             
140: R124        RELATED PARTY TRANSACTIONS - Summary of Payables    HTML     55K  
                to Affiliated Companies (Detail)                                 
141: R125        RELATED PARTY TRANSACTIONS - Summary of             HTML     57K  
                Receivables from Affiliated Companies (Detail)                   
142: R126        SEGMENT INFORMATION - Additional Information        HTML     72K  
                (Detail)                                                         
143: R127        SEGMENT INFORMATION - Total Assets (Detail)         HTML     75K  
144: R128        SEGMENT INFORMATION - Capital Expenditures          HTML     68K  
                (Detail)                                                         
145: R129        SEGMENT INFORMATION - Results of Operations         HTML    170K  
                (Detail)                                                         
146: R130        SEGMENT INFORMATION - Long-Lived Assets (Detail)    HTML     56K  
147: R131        CHANGES IN SHAREHOLDINGS OF SUBSIDIARIES -          HTML     90K  
                Additional Information (Detail)                                  
148: R132        CHANGES IN SHAREHOLDINGS OF SUBSIDIARIES - Effects  HTML     72K  
                of Changes in Company's Ownership Interest                       
                (Detail)                                                         
149: R133        Additional Information - Financial Statement        HTML    154K  
                Schedule 1 Financial Information of Parent Company               
                - Balance Sheets (Detail)                                        
150: R134        Additional Information - Financial Statement        HTML     62K  
                Schedule 1 Financial Information of Parent Company               
                - Balance Sheets (Detail) (Parenthetical)                        
151: R135        Additional Information - Financial Statement        HTML    114K  
                Schedule 1 Financial Information of Parent Company               
                - Statements of Operations (Detail)                              
152: R136        Additional Information - Financial Statement        HTML     76K  
                Schedule 1 Financial Information of Parent Company               
                - Comprehensive Loss (Detail)                                    
153: R137        Additional Information - Financial Statement        HTML     93K  
                Schedule 1 Financial Information of Parent Company               
                - Cash Flows (Detail)                                            
154: R138        ADDITIONAL INFORMATION - FINANCIAL STATEMENT        HTML     56K  
                SCHEDULE 1 FINANCIAL INFORMATION OF PARENT COMPANY               
                - NOTES TO FINANCIAL STATEMENT SCHEDULE 1 -                      
                Additional Information (Detail)                                  
156: XML         IDEA XML File -- Filing Summary                      XML    306K  
159: XML         XBRL Instance -- d520585d20f_htm                     XML   4.84M  
155: EXCEL       IDEA Workbook of Financial Report Info              XLSX    338K  
13: EX-101.CAL  XBRL Calculations -- mlco-20231231_cal               XML    302K 
14: EX-101.DEF  XBRL Definitions -- mlco-20231231_def                XML   2.04M 
15: EX-101.LAB  XBRL Labels -- mlco-20231231_lab                     XML   2.57M 
16: EX-101.PRE  XBRL Presentations -- mlco-20231231_pre              XML   2.47M 
12: EX-101.SCH  XBRL Schema -- mlco-20231231                         XSD    502K 
157: JSON        XBRL Instance as JSON Data -- MetaLinks              822±  1.31M  
158: ZIP         XBRL Zipped Folder -- 0001193125-24-074554-xbrl      Zip   1.26M  


‘EX-15.1’   —   Letter re: Unaudited Interim Financial Info


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-15.1  

Exhibit 15.1

 

LOGO

 

22 March 2024       Our Ref: JT/WL/M6207-S10414

The Board of Directors

Melco Resorts & Entertainment Limited

c/o lntertrust Corporate Services (Cayman) Limited

One Nexus Way

Camana Bay

Grand Cayman KY1-9005

Cayman Islands

Dear Sirs

FORM 20-F

We consent to the reference to our firm under the heading “Board Practices”, the heading “Documents on Display” and the heading “Corporate Governance” in the Annual Report on Form 20-F of Melco Resorts & Entertainment Limited for the year ended 31 December 2023, which will be filed with the U.S. Securities and Exchange Commission (the “Commission”) on 22 March 2024 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under the Exchange Act, or the Rules and Regulations of the Commission thereunder.

 

Yours faithfully
/s/ Walkers (Singapore) Limited Liability Partnership
WALKERS (SINGAPRE) LIMITED LIABILITY PARTNERSHIP

 

  

Walkers (Singapore) Limited Liability Partnership

 

UEN/Reg. No. T09LL0833E

3 Church Street, 16-02 Samsung Hub, Singapore 049483

T +65 6595 4670  F +65 6595 4671 www.walkersglobal.com

   Bermuda | British Virgin Islands | Cayman Islands | Dubai | Dublin | Guernsey | Hong Kong | Jersey | London | Singapore

17 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/23  Melco Resorts & Entertainment Ltd 20-F       12/31/22  172:21M                                    Donnelley … Solutions/FA
12/19/22  Melco Resorts & Entertainment Ltd 6-K        12/19/22    4:282K                                   Donnelley … Solutions/FA
 3/31/22  Melco Resorts & Entertainment Ltd 20-F       12/31/21  174:25M                                    Donnelley … Solutions/FA
12/09/21  Melco Resorts & Entertainment Ltd S-8        12/09/21    4:338K                                   Donnelley … Solutions/FA
 3/31/21  Melco Resorts & Entertainment Ltd 20-F       12/31/20  173:26M                                    Donnelley … Solutions/FA
 3/31/20  Melco Resorts & Entertainment Ltd 20-F       12/31/19  161:28M                                    Donnelley … Solutions/FA
 3/29/19  Melco Resorts & Entertainment Ltd 20-F       12/31/18  146:13M                                    Donnelley … Solutions/FA
 4/12/18  Melco Resorts & Entertainment Ltd 20-F       12/31/17  148:13M                                    Donnelley … Solutions/FA
 4/11/17  Melco Resorts & Entertainment Ltd 20-F       12/31/16  142:12M                                    Donnelley … Solutions/FA
12/14/16  Melco Resorts & Entertainment Ltd F-3ASR     12/14/16   14:6.2M                                   Donnelley … Solutions/FA
 4/12/16  Melco Resorts & Entertainment Ltd 20-F       12/31/15  157:15M                                    Donnelley … Solutions/FA
 4/18/13  Melco Resorts & Entertainment Ltd 20-F       12/31/12  168:52M                                    Donnelley … Solutions/FA
11/29/11  Deutsche Bank Tr Co Americas/… Gp F-6 POS    11/29/11    2:587K Melco Resorts & Entertainment Ltd White & Case LLP/FA
 4/01/11  Melco Resorts & Entertainment Ltd 20-F       12/31/10   46:6.6M                                   Donnelley … Solutions/FA
10/18/07  Melco Resorts & Entertainment Ltd F-1                   11:7.8M                                   Donnelley … Solutions/FA
12/11/06  Melco Resorts & Entertainment Ltd F-1/A                 13:6.7M                                   Donnelley … Solutions/FA
12/01/06  Melco Resorts & Entertainment Ltd F-1                   40:11M                                    Donnelley … Solutions/FA
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Filing Submission 0001193125-24-074554   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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