UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
Melco Resorts & Entertainment Limited
(Name of Issuer)
Ordinary Shares, par value US$0.01 per share
(Title of Class of Securities)
G5974W103
(CUSIP Number)
Melco Leisure and Entertainment Group Limited
38th Floor, The Centrium
60 Wyndham Street
Central Hong Kong
(852) 3151 3777
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
May 6, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). |
CUSIP No. G5974W 10 3
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
Melco International Development Limited | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
BK, AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
812,729,781 shares (Melco Leisure and Entertainment Group Limited and Mr. Ho, Lawrence Yau Lung may also be deemed to have sole voting power with respect to these shares) | ||||
8 | SHARED VOTING POWER
812,729,781 shares | |||||
9 | SOLE DISPOSITIVE POWER
812,729,781 shares (Melco Leisure and Entertainment Group Limited and Mr. Ho, Lawrence Yau Lung may also be deemed to have sole dispositive power with respect to these shares) | |||||
10 | SHARED DISPOSITIVE POWER
812,729,781 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
812,729,781 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.9%(1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
HC, CO |
(1) | The percentage indicated in this Row 13 is calculated based upon the number of Ordinary Shares outstanding as of March 25, 2022, which reflects the number reported in the Annual Report on Form 20-F filed by the Issuer with the Securities and Exchange Commission on March 31, 2022 (Form 20-F), as adjusted to reflect the Issuers repurchase of an aggregate of 27,743,301 Ordinary Shares in the form of American Depositary Shares (the Repurchased Shares), as announced by the Issuer in its Form 20-F and Current Report on Form 6-K filed on May 6, 2022 (calculated assuming that the Repurchased Shares have been cancelled). |
CUSIP No. G5974W 10 3
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
Melco Leisure and Entertainment Group Limited | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
BK, AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
812,729,781 shares (Melco International Development Limited and Mr. Ho, Lawrence Yau Lung may also be deemed to have sole voting power with respect to these shares) | ||||
8 | SHARED VOTING POWER
812,729,781 shares | |||||
9 | SOLE DISPOSITIVE POWER
812,729,781 shares (Melco International Development Limited and Mr. Ho, Lawrence Yau Lung may also be deemed to have sole dispositive power with respect to these shares) | |||||
10 | SHARED DISPOSITIVE POWER
812,729,781 |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
812,729,781 | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
56.9%(1) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO |
(1) | The percentage indicated in this Row 13 is calculated based upon the number of Ordinary Shares outstanding as of March 25, 2022, which reflects the number reported in the Annual Report on Form 20-F, as adjusted to reflect the Issuers repurchase of the Repurchased Shares, as announced by the Issuer in its Form 20-F and Current Report on Form 6-K filed on May 6, 2022 (calculated assuming that the Repurchased Shares have been cancelled). |
CUSIP No. G5974W 10 3
1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY):
Ho, Lawrence Yau Lung | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☒ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS)
BK, AF | |||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
Canada |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
820,403,865(2) shares (Out of these shares, Melco International Development Limited and Melco Leisure and Entertainment Group Limited may also be deemed to have sole voting power with respect to 812,729,781 shares) | ||||
8 | SHARED VOTING POWER
812,729,781(1) shares (including shares disclaimed; see Item 5 below) | |||||
9 | SOLE DISPOSITIVE POWER
820,403,865(2) shares (Out of these shares, Melco International Development Limited and Melco Leisure and Entertainment Group Limited may also be deemed to have sole dispositive power with respect to 812,729,781 shares) | |||||
10 | SHARED DISPOSITIVE POWER
812,729,781(1) shares (including shares disclaimed; see Item 5 below) |
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
820,403,865(2) shares (Out of these shares, Melco International Development Limited and Melco Leisure and Entertainment Group Limited may also be deemed to beneficially own 812,729,781 shares) | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
57.4%(2)(3) | |||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
(1) | In addition, Mr. Ho is entitled to receive (upon vesting) 312,012 restricted shares pursuant to the Issuers share incentive plan, all of which will vest within 60 days of the date hereof, as further described in Item 5 below. |
(2) | Includes 312,012 restricted shares which Mr. Ho is entitled to receive (upon vesting) pursuant to the Issuers share incentive plan, all of which will vest within 60 days of the date hereof, as further described in Item 5 below. |
(3) | The percentage indicated in this Row 13 is calculated based upon the number of Ordinary Shares outstanding as of March 25, 2022, which reflects the number reported in the Annual Report on Form 20-F, as adjusted to reflect the Issuers repurchase of the Repurchased Shares, as announced by the Issuer in its Form 20-F and Current Report on Form 6-K filed on May 6, 2022 (calculated assuming that the Repurchased Shares have been cancelled). |
This Amendment No. 5 (this Amendment) amends and supplements the Schedule 13D filed on February 6, 2017, as amended by Amendment No. 1 filed on May 17, 2017, Amendment No. 2 filed on November 19, 2018, Amendment No. 3 filed on February 19, 2019 and Amendment No. 4 filed on July 15, 2019, with respect to the Issuer by the Reporting Persons (the Original Filing). Information reported in the Original Filing remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings set forth in the Original Filing.
Percentages of the Ordinary Shares outstanding reported in this Amendment are calculated based upon the number of Ordinary Shares outstanding as of March 25, 2022, which reflects the number reported in the Annual Report on Form 20-F filed by the Issuer with the Securities and Exchange Commission on March 31, 2022 (Form 20-F), as adjusted to reflect the Issuers repurchase of 27,743,301 Ordinary Shares in the form of American Depositary Shares (the Repurchased Shares), as announced by the Issuer in its Form 20-F and Current Report on Form 6-K filed on May 6, 2022 (calculated assuming that the Repurchased Shares were cancelled).
Item 1. | Security and Issuer |
Item 1 is hereby amended by replacing it in its entirety with the following:
This Schedule 13D relates to the ordinary shares (the Ordinary Shares) of Melco Resorts & Entertainment Limited, a Cayman Islands exempted company (the Issuer). The address of the Issuers principal executive offices is 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong.
Item 2. | Identity and Background |
Items 2(a) and 2(c) are hereby amended by replacing them in their entirety with the following:
(a) | This Schedule 13D is being filed on behalf of each of the following persons (collectively, the Reporting Persons): Melco International Development Limited, a Hong Kong-listed company (Melco International), its wholly-owned subsidiary Melco Leisure and Entertainment Group Limited, a company incorporated under the laws of the British Virgin Islands (Melco Leisure), and Mr. Ho, Lawrence Yau Lung, a citizen of Canada (Mr. Ho). |
As of the date of this Amendment, Mr. Ho personally holds 91,445,132 ordinary shares of Melco International, representing approximately 6.0% of Melco Internationals ordinary shares outstanding. In addition, 122,243,024 ordinary shares of Melco International are held by Lasting Legend Ltd., 301,368,606 ordinary shares of Melco International are held by Better Joy Overseas Ltd., 53,491,345 ordinary shares of Melco International are held by Mighty Dragon Developments Limited, and 1,566,000 ordinary shares of Melco International are held by Maple Peak Investments Inc., representing approximately 8.1%, 19.9%, 3.5% and 0.1%, respectively, of Melco Internationals shares, all of which are entities owned by Mr. Ho, and/or persons and/or trusts affiliated with Mr. Ho.
Mr. Ho also has an interest in L3G Holdings Inc., a company controlled by a discretionary family trust, the beneficiaries of which include Mr. Ho and his immediate family members, that holds 312,666,187 ordinary shares of Melco International, representing approximately 20.6% of Melco Internationals shares.
Consequently, Mr. Ho may be deemed to beneficially own an aggregate of 886,992,396 ordinary shares of Melco International, representing approximately 58.5% of Melco Internationals ordinary shares outstanding.
(c) | The principal business of Melco International and Melco Leisure, through their subsidiaries, is engaging in leisure, gaming and entertainment, and other investments. |
Item 4. | Purpose of the Transaction |
This Amendment is being filed to report the increase in the percentage of outstanding Ordinary Shares of the Issuer beneficially owned by the Reporting Persons following the Issuers publicly reported repurchase of the Repurchased Shares as described above (calculated assuming that the Repurchased Shares were cancelled). This Amendment also provides certain other updated information as set forth herein.
Item 5. | Interest in Securities of the Issuer |
Item 5 is hereby amended by replacing it in its entirety with the following:
(a) | As of the date of this Amendment, the Reporting Persons may be deemed to each beneficially own an aggregate of 812,729,781 Ordinary Shares, which are held by Melco Leisure (the Shares). The Shares represent approximately 56.9% of the Issuers outstanding Ordinary Shares. In addition, Mr. Ho personally holds 7,362,072 Ordinary Shares and is entitled to receive (upon vesting) 312,012 restricted shares pursuant to the Issuers share incentive plan which will vest within 60 days of the date hereof, together representing a further approximately 0.5% of the Issuers Ordinary Shares outstanding. |
(b) | The Reporting Persons have shared voting and dispositive power over 812,729,781 of the Shares, and Mr. Ho has sole voting and dispositive power over 7,674,084 of the Shares. |
(c) | The Reporting Persons have not effected any transaction in the Ordinary Shares during the past 60 days. |
(d) | Not applicable. |
(e) | Not applicable. |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: May 13, 2022
For and on Behalf of | ||
MELCO INTERNATIONAL DEVELOPMENT LIMITED | ||
By: | /s/ Ho, Lawrence Yau Lung | |
Name: | Ho, Lawrence Yau Lung | |
Title: | Director | |
For and on Behalf of | ||
MELCO LEISURE AND ENTERTAINMENT GROUP LIMITED | ||
By: | /s/ Ho, Lawrence Yau Lung | |
Ho, Lawrence Yau Lung | ||
Title: | Director | |
HO, LAWRENCE YAU LUNG | ||
By: | /s/ Ho, Lawrence Yau Lung |
SCHEDULE I
Schedule I of Schedule 13D is hereby amended by replacing it in its entirety with the following:
MELCO INTERNATIONAL DEVELOPMENT LIMITED
DIRECTORS AND EXECUTIVE OFFICERS
Name |
Present |
Present |
Citizenship | |||
Ho, Lawrence Yau Lung | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Chairman, Chief Executive Officer and Executive Director of Melco International Development Limited and Melco Resorts & Entertainment Limited | Canada | |||
Evan Andrew Winkler | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | President and Managing Director of Melco International Development Limited and Director and President of Melco Resorts & Entertainment Limited | United States of America | |||
Chung Yuk Man | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Executive Director of Melco International Development Limited and Director of Melco Resorts & Entertainment Limited | Hong Kong Special Administrative Region of the Peoples Republic of China | |||
Ng Ching Wo | 13/F, Gloucester Tower, The Landmark, 15 Queens Road Central, Central, Hong Kong | Solicitor and Non-executive Director of Melco International Development Limited | Canada | |||
John William Crawford | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Certified Public Accountant and Independent Non-executive Director of Melco International Development Limited and Melco Resorts & Entertainment Limited |
Canada | |||
Tsui Che Yin, Frank | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Independent Non-executive Director of Melco International Development Limited | United Kingdom | |||
Karuna Evelyn Shinsho | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Independent Non-executive Director of Melco International Development Limited | United States of America |
MELCO LEISURE AND ENTERTAINMENT GROUP LIMITED
DIRECTORS AND EXECUTIVE OFFICERS
Name |
Present |
Present |
Citizenship | |||
Ho, Lawrence Yau Lung | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Chairman, Chief Executive Officer and Executive Director of Melco International Development Limited and Melco Resorts & Entertainment Limited | Canada | |||
Evan Andrew Winkler | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | President and Managing Director of Melco International Development Limited and Director and President of Melco Resorts & Entertainment Limited | United States of America | |||
Chung Yuk Man | 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong | Executive Director of Melco International Development Limited and Director of Melco Resorts & Entertainment Limited | Hong Kong Special Administrative Region of the Peoples Republic of China |