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Casino investor Melco International Development has granted the company's directors and "certain employees" a share option with a total value of about HK$16.4 million ($2.1 million), according to a filing with the Hong Kong Exchange on Wednesday.
Melco International is the parent company of Melco Resorts and Entertainment Ltd., chaired by Lawrence Ho Yau Lung. Melco Resorts and Entertainment promotes and operates a series of slot-only venues called the Mocha Clubs, as well as City of Dreams Macau, Studio City, Altira Macau, and City of Dreams Manila in the Philippines.
Melco International has granted a total of 1,002,000 options, with an exercise price of HK$16.38 each, according to Wednesday's filing. 슬롯머신 The Melco International director has been granted a total of 369,000 options.
Clarence Chung Yuk Man, executive director of Melco International, was granted 204,000 stock options worth a total of HK$3.34 million, according to Wednesday's filing.
Jung is also a non-executive director of Melco Resort Entertainment.