Melco Resorts and Entertainment recently achieved remarkable success, securing a total of eight coveted Michelin stars in the Michelin Guide to Hong Kong & Macau. This culinary triumph underscores the company’s commitment to delivering unparalleled dining experiences across its diverse properties. Alongside this culinary accolade, Melco also celebrated significant financial achievements, as evidenced by its robust revenue growth in the fourth quarter and fiscal year 2023.
Culinary Triumph:
In a resplendent display of culinary excellence, Melco Resorts and Entertainment clinched eight Michelin stars across its five properties in Hong Kong and Macau. Leading the charge is the esteemed Cantonese fine dining establishment, Jade Dragon, which clinched an impressive three Michelin stars for the sixth consecutive year. Notably, Alain Ducasse at Morpheus, renowned for its French gastronomy, secured two Michelin stars, further enhancing Melco’s culinary prestige.
Adding to the constellation of Michelin stars is Pearl Dragon, a beacon of Cantonese cuisine, which earned one Michelin star for its exquisite offerings. Similarly, Ying, another bastion of high-end Cantonese fare within Melco’s portfolio, was awarded a single Michelin star, underscoring the company’s diverse culinary prowess. Rounding off the stellar lineup is Sushi Kinetsu at City of Dreams, a Japanese-style culinary gem that captured one Michelin star, completing Melco’s impressive collection of eight stars.
Leadership Acknowledgement:
Lawrence Ho, the Chairman and CEO of Melco Resorts and Entertainment, expressed profound gratitude for the prestigious accolades conferred by the Michelin Guide to Hong Kong & Macau. He emphasized the company’s unwavering dedication to elevating Macau’s status as a UNESCO-designated Creative City of Gastronomy through its world-class culinary offerings. Ho extended heartfelt congratulations to the culinary F&B teams, acknowledging their dedication to excellence and pivotal role in achieving this remarkable feat. Looking ahead, Ho affirmed Melco’s commitment to enhancing its offerings and attractions, inviting guests from around the globe to savor the unparalleled gastronomic delights of Macau.
Financial Milestones:
In tandem with its culinary triumphs, Melco Resorts and Entertainment celebrated significant financial milestones, as evidenced by its robust revenue growth in the fourth quarter and fiscal year 2023. The company reported a staggering 180% year-on-year surge in annual revenue, reaching a total of $3.78 billion. Of particular note is the remarkable performance of City of Dreams properties, which contributed $559.8 million in revenue, marking a remarkable 308% increase compared to the previous year.
Melco Resorts and Entertainment’s recent achievements exemplify a harmonious blend of culinary excellence and financial success. With eight Michelin stars adorning its establishments and record-breaking revenue growth, the company stands as a beacon of excellence in the hospitality and culinary landscape of Hong Kong and Macau. As Melco continues its journey of innovation and excellence, guests from around the world can anticipate unparalleled experiences, further enriching the vibrant tapestry of Macau’s culinary scene.