Melco China which owns China's leading ski resorts has reported a 27% growth in revenue to top $1 billion (Hong Kong). Melco China Resort Investment Limited, a division of the larger company, has become the country's leading ski resort operator in the past 12 months through purchase of China's leading resort of Yabuli near the city of Harbin in Heilongjiang Province, three ski areas in Jilin Province and another one close to the capital Beijing.
"In March 2007, working with the world's top industry experts, MCR has identified the largest and most exceptional portfolio of irreplaceable, existing ski resorts with the best mountains, location advantages, dominant market positions and healthy expansion potential." Said a company statement.
"Overall, I am pleased with our achievements in 2007. Melco is well-positioned as one of the dynamic conglomerates in Asia in the new era characterized by consumers eager for new experiences and living life to the fullest. The Mainland China market offers enormous potential and vast consumer demand which will no doubt fuel the growth of our lottery operations and ski resort developments. We expect our Group to continue to deliver strong performance and shareholder value in the forthcoming year," said company chairman Mr. Ho.