Melco Resorts & Entertainment (NASDAQ: MLCO) is an award winning developer, owner and operator of premium resorts. Its unique blend of design, entertainment and quality sets it apart, making Melco a global leader in one-of-a-kind destinations. The Company currently operates Cyprus Casinos (“C2”) and is proud to be opening City of Dreams Mediterranean, together with its partner CNS Group, in the second half of 2022. City of Dreams Mediterranean will become Europe and the region’s largest integrated resort (IR) and is on track to be one of the largest ever development projects undertaken in Cyprus. Set to transform the country’s tourism and hospitality sectors, the IR will offer a range of attractions and entertainment options including luxury accommodation, fine dining, recreation and MICE facilities. Currently, Melco Cyprus operates C2 casinos in Limassol, Nicosia, Larnaca, Ayia Napa and Paphos.
Corporate Social Responsibility in Cyprus
Melco Cyprus strives to be a key contributor and partner to the community. Our efforts in Cyprus include:
Lamatiki Wildfire Response:
Acting promptly in response to the wildfires that struck rural areas of Larnaca and Limassol in July 2021, Melco Cyprus and its partner, CNS Group, contributed a total of €100,000 for the restoration of ‘Iamatiki’ District School in Eptagonia - the central school of the area. The restoration and upgrade of the Iamatiki District School’s facilities ensures that students from at least ten communities in the area, which the school serves, will have access to uninterrupted quality education and benefit from improved learning experiences. Additionally, Melco Cyprus and CNS Group also supplied five low-weight fire emergency response vehicles for the local community, thereby helping them to become more resilient to fire threats.
Education
Melco Cyprus partners with top-rated local universities to offer colleagues practical learning opportunities through scholarships. The Company has signed three-year agreements with various Cyprus universities to provide full and partial scholarships to Melco employees in up to 35 fields of study, including PhD programmes, business administration, international tourism, hospitality and event management, accounting, finance, business intelligence and data analytics, human resources and security management
Environment
Melco has ambitious sustainable development goals that include eliminating the impact of Melco’s resorts on the climate by 2030 and taking a lead on circular economy.
City of Dreams Mediterranean, has been honoured with a BREEAM Excellent rating for its sustainability strategy, becoming the first development in the country to achieve this rating, BREEAM is the world’s leading sustainability assessment method for master planning projects, infrastructure and buildings. City of Dreams Mediterranean is built in accordance with the highest sustainability standards – from its material usage and state of the art water reuse system to the energy-saving optimisation of the building’s orientation and shading. To incorporate the IR into its surrounding landscape, it will encompass over 130,000 newly planted trees and indigenous plants, creating a holiday oasis for guests and reducing carbon emissions. City of Dreams Mediterranean will also strive to eliminate food waste and single-use plastics in its daily operations, and recycle general waste through onsite compactors.
To help the environment and enhance the quality of life for the local community, Melco Cyprus organises beach and underwater clean-up initiatives in cooperation with local authorities and non-governmental organisations.
Culture & Heritage – “Preserving the Legacy, Creating the Future”
Melco endeavors to foster pride and identity for local traditions and heritage through conservation and cultural appreciation programs. A current project in Cyprus is in collaboration with the Department of Antiquities in Archaeological Heritage Management. With the aim to promote the authenticity of the island’s most significant heritage sites, Melco sponsored the installation of new gates at the Acropolis of Ancient Kourion and the Sanctuary of Apollo Hylates as part of the ‘Heritage Gates’ project. Through this unique initiative, the Company sponsored heritage enhancements to significantly improve the tourist experience, demonstrating its long-term and continuous commitment to support government efforts to sustainably preserve and promote local culture.
Women
To celebrate International Women's Day 2021, Melco Cyprus honoured female healthcare professionals, first responders and essential workers at the Limassol General Hospital by delivering gifts to 850 hospital female staff members. Gifts included ornaments by Europa Donna Cyprus Foundation to support women’s battle against breast cancer.
Corporate Social Responsibility at Melco
Melco’s fundamental philosophy on corporate social responsibility (CSR) focuses on the needs of the societies in the communities where we operate. We respect and are sensitive to the local ways of doing things. Collaboration and partnership with governments, local businesses, charities, educational institutes and community organizations is a core principle, and we invest in strengthening these relationships with efforts that are tailored-made for each of our communities.
Our global CSR efforts are guided by our strategic pillars. They are Youth, Education, Environment, Women, Responsible Gaming, Whole Person Development, Culture & Heritage and Small-Medium Enterprises (SME). Along with our community partnerships, these pillars are supported by our Melco volunteers and philanthropy.
We are honored to be recognized for the impact of our CSR programs with over 40 CSR awards including:
Details of our CSR programs can be found in Melco’s Sustainability annual reports.