Melco Resorts & Entertainment Limited (MLCO) 20-F 11 Apr 17 2016 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2016shares
Document And Entity Information [Abstract]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	MLCO
Entity Registrant Name	MELCO RESORTS & ENTERTAINMENT LTD
Entity Central Index Key	1,381,640
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	1,475,924,523

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 1,702,310	$ 1,611,026
Bank deposits with original maturities over three months	210,840	724,736
Restricted cash	39,152	317,118
Accounts receivable, net	225,438	271,627
Amounts due from affiliated companies	1,103	1,175
Deferred tax assets	0	19
Inventories	32,600	33,074
Prepaid expenses and other current assets	68,111	61,386
Total current assets	2,279,554	3,020,161
PROPERTY AND EQUIPMENT, NET	5,655,823	5,760,229
GAMING SUBCONCESSION, NET	313,320	370,557
INTANGIBLE ASSETS	4,220	4,220
GOODWILL	81,915	81,915
LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	194,911	192,012
RESTRICTED CASH	130	0
DEFERRED TAX ASSETS	152	83
LAND USE RIGHTS, NET	810,316	833,132
TOTAL ASSETS	9,340,341	10,262,309
CURRENT LIABILITIES
Accounts payable	17,434	15,588
Accrued expenses and other current liabilities	1,369,943	1,056,850
Income tax payable	7,422	3,487
Capital lease obligations, due within one year	30,730	29,792
Current portion of long-term debt, net	50,583	102,836
Amounts due to affiliated companies	3,028	2,464
Total current liabilities	1,479,140	1,211,017
LONG-TERM DEBT, NET	3,669,692	3,712,396
OTHER LONG-TERM LIABILITIES	49,287	80,962
DEFERRED TAX LIABILITIES	56,451	55,598
CAPITAL LEASE OBLIGATIONS, DUE AFTER ONE YEAR	262,357	270,477
COMMITMENTS AND CONTINGENCIES (Note 22)
SHAREHOLDERS' EQUITY
Ordinary shares, par value $0.01; 7,300,000,000 shares authorized; 1,475,924,523 and 1,630,924,523 shares issued; 1,465,100,753 and 1,617,989,293 shares outstanding, respectively	14,759	16,309
Treasury shares, at cost; 10,823,770 and 12,935,230 shares, respectively	(108)	(275)
Additional paid-in capital	2,783,062	3,075,459
Accumulated other comprehensive losses	(24,768)	(21,934)
Retained earnings	570,925	1,270,074
Total Melco Resorts & Entertainment Limited shareholders' equity	3,343,870	4,339,633
Noncontrolling interests	479,544	592,226
Total equity	3,823,414	4,931,859
TOTAL LIABILITIES AND EQUITY	$ 9,340,341	$ 10,262,309

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares, authorized	7,300,000,000	7,300,000,000
Ordinary shares, issued	1,475,924,523	1,630,924,523
Ordinary shares, outstanding	1,465,100,753	1,617,989,293
Treasury shares, shares	10,823,770	12,935,230

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OPERATING REVENUES
Casino	$ 4,176,667	$ 3,767,291	$ 4,654,184
Rooms	265,289	199,727	136,427
Food and beverage	177,515	126,848	84,895
Entertainment, retail and others	197,011	117,543	108,417
Gross revenues	4,816,482	4,211,409	4,983,923
Less: promotional allowances	(297,086)	(236,609)	(181,614)
Net revenues	4,519,396	3,974,800	4,802,309
OPERATING COSTS AND EXPENSES
Casino	(2,904,922)	(2,654,760)	(3,246,404)
Rooms	(33,218)	(23,419)	(12,669)
Food and beverage	(65,781)	(43,295)	(23,513)
Entertainment, retail and others	(109,817)	(77,506)	(62,073)
General and administrative	(446,591)	(383,874)	(311,696)
Payments to the Philippine Parties	(34,403)	(16,547)	(870)
Pre-opening costs	(3,883)	(168,172)	(93,970)
Development costs	(95)	(110)	(10,734)
Amortization of gaming subconcession	(57,237)	(57,237)	(57,237)
Amortization of land use rights	(22,816)	(54,056)	(64,471)
Depreciation and amortization	(472,219)	(359,341)	(246,686)
Property charges and others	(5,298)	(38,068)	(8,698)
Gain on disposal of assets held for sale	0	0	22,072
Total operating costs and expenses	(4,156,280)	(3,876,385)	(4,116,949)
OPERATING INCOME	363,116	98,415	685,360
NON-OPERATING INCOME (EXPENSES)
Interest income	5,951	13,900	20,025
Interest expenses, net of capitalized interest	(223,567)	(118,330)	(124,090)
Amortization of deferred financing costs	(48,345)	(38,511)	(28,055)
Loan commitment and other finance fees	(7,451)	(7,328)	(18,976)
Foreign exchange gains (losses), net	7,356	(2,156)	(6,155)
Other income, net	3,572	2,317	2,313
Loss on extinguishment of debt	(17,435)	(481)	0
Costs associated with debt modification	(8,101)	(7,603)	0
Total non-operating expenses, net	(288,020)	(158,192)	(154,938)
INCOME (LOSS) BEFORE INCOME TAX	75,096	(59,777)	530,422
INCOME TAX EXPENSE	(8,178)	(1,031)	(3,036)
NET INCOME (LOSS)	66,918	(60,808)	527,386
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	108,988	166,555	80,894
NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED	$ 175,906	$ 105,747	$ 608,280
NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED PER SHARE:
Basic	$ 0.116	$ 0.065	$ 0.369
Diluted	$ 0.115	$ 0.065	$ 0.366
WEIGHTED AVERAGE SHARES OUTSTANDING USED IN NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED PER SHARE CALCULATION:
Basic	1,516,714,277	1,617,263,041	1,647,571,547
Diluted	1,525,284,272	1,627,108,770	1,660,503,130

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 66,918	$ (60,808)	$ 527,386
Other comprehensive (loss) income:
Foreign currency translation adjustment	(5,803)	(9,376)	(2,468)
Change in fair value of interest rate swap agreements	61	(42)	(19)
Other comprehensive loss	(5,742)	(9,418)	(2,487)
Total comprehensive income (loss)	61,176	(70,226)	524,899
Comprehensive loss attributable to noncontrolling interests	111,896	171,188	81,824
Comprehensive income attributable to Melco Resorts & Entertainment Limited	$ 173,072	$ 100,962	$ 606,723

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Ordinary Shares [Member]	Treasury Shares [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Losses [Member]	Retained Earnings [Member]	Noncontrolling Interests [Member]
BEGINNING BALANCE at Dec. 31, 2013	$ 4,924,982	$ 16,667	$ (5,960)	$ 3,479,399	$ (15,592)	$ 772,156	$ 678,312
BEGINNING BALANCE (in shares) at Dec. 31, 2013		1,666,633,448	(16,222,246)
Net income (loss) for the year	527,386					608,280	(80,894)
Capital contribution from noncontrolling interests	92,000						92,000
Foreign currency translation adjustment	(2,468)				(1,538)		(930)
Change in fair value of interest rate swap agreements	(19)				(19)
Share-based compensation	20,401			18,233			2,168
Shares purchased under trust arrangement for future vesting of restricted shares (in shares)			(208,278)
Shares purchased under trust arrangement for future vesting of restricted shares	(1,721)		$ (1,721)
Transfer of shares purchased under trust arrangement for restricted shares vested (in shares)			467,121
Transfer of shares purchased under trust arrangement for restricted shares vested			$ 3,648	(3,648)
Shares repurchased for retirement (in shares)			(36,649,344)
Shares repurchased for retirement	(300,495)		$ (300,495)
Retirement of shares (in shares)		(32,931,528)	32,931,528
Retirement of shares		$ (330)	$ 271,341	(271,011)
Issuance of shares for restricted shares vested (in shares)			1,068,534
Issuance of shares for restricted shares vested			$ 11	(11)
Exercise of share options (in shares)			928,299
Exercise of share options	2,156		$ 9	2,147
Change in shareholding of the Philippine subsidiaries	122,166			57,293			64,873
Dividend declared	(342,718)			(189,459)		(153,259)
ENDING BALANCE at Dec. 31, 2014	5,041,670	$ 16,337	$ (33,167)	3,092,943	(17,149)	1,227,177	755,529
ENDING BALANCE (in shares) at Dec. 31, 2014		1,633,701,920	(17,684,386)
Net income (loss) for the year	(60,808)					105,747	(166,555)
Foreign currency translation adjustment	(9,376)				(4,767)		(4,609)
Change in fair value of interest rate swap agreements	(42)				(18)		(24)
Share-based compensation	20,850			18,640			2,210
Transfer of shares purchased under trust arrangement for restricted shares vested (in shares)			466,203
Transfer of shares purchased under trust arrangement for restricted shares vested			$ 3,732	(3,732)
Retirement of shares (in shares)		(3,717,816)	3,717,816
Retirement of shares		$ (37)	$ 29,154	(29,117)
Shares issued for future vesting of restricted shares and exercise of share options (in shares)		940,419	(940,419)
Shares issued for future vesting of restricted shares and exercise of share options		$ 9	$ (9)
Issuance of shares for restricted shares vested (in shares)			136,809
Issuance of shares for restricted shares vested			$ 1	(1)
Exercise of share options (in shares)			1,368,747
Exercise of share options	2,415		$ 14	2,401
Transfer of property and equipment between subsidiaries				3,433			(3,433)
Change in shareholding of the Philippine subsidiaries				(9,108)			9,108
Dividend declared	(62,850)					(62,850)
ENDING BALANCE at Dec. 31, 2015	4,931,859	$ 16,309	$ (275)	3,075,459	(21,934)	1,270,074	592,226
ENDING BALANCE (in shares) at Dec. 31, 2015		1,630,924,523	(12,935,230)
Net income (loss) for the year	66,918					175,906	(108,988)
Foreign currency translation adjustment	(5,803)				(2,871)		(2,932)
Change in fair value of interest rate swap agreements	61				37		24
Share-based compensation	18,479			17,900			579
Transfer of shares purchased under trust arrangement for restricted shares vested (in shares)			18,213
Transfer of shares purchased under trust arrangement for restricted shares vested			$ 146	(146)
Retirement of repurchased shares (in shares)		(155,000,000)
Retirement of repurchased shares	(803,171)	$ (1,550)		(203,496)		(598,125)
Issuance of shares for restricted shares vested (in shares)			303,318
Issuance of shares for restricted shares vested			$ 3	(3)
Exercise of share options (in shares)			1,789,929
Exercise of share options	3,254		$ 18	3,236
Transfer of property and equipment between subsidiaries				55			(55)
Change in shareholding of the Philippine subsidiaries	(2,614)			(1,304)			(1,310)
Dividend declared	(385,569)			(108,639)		(276,930)
ENDING BALANCE at Dec. 31, 2016	$ 3,823,414	$ 14,759	$ (108)	$ 2,783,062	$ (24,768)	$ 570,925	$ 479,544
ENDING BALANCE (in shares) at Dec. 31, 2016		1,475,924,523	(10,823,770)

CONSOLIDATED STATEMENTS OF SHA7

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Dividend declared per share	$ 0.2408	$ 0.0389	$ 0.2076

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 66,918	$ (60,808)	$ 527,386
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	552,272	470,634	368,394
Amortization of deferred financing costs	48,345	38,511	28,055
Interest accretion on capital lease obligations	9,449	16,137	19,756
Interest income on restricted cash	(139)	(4,776)	(9,050)
Net (gain) loss on disposal of property and equipment	(8,509)	474	4,550
Impairment loss recognized on property and equipment	3,245	0	4,146
Allowance for doubtful debts and direct write-off, net of recoveries	67,838	39,341	37,669
Provision for value-added tax receivables	5,459	30,254	0
Gain on disposal of assets held for sale	0	0	(22,072)
Loss on extinguishment of debt	17,435	481	0
Write-off of deferred financing costs on modification of debt	8,101	7,603	0
Share-based compensation	18,487	20,827	20,401
Changes in operating assets and liabilities:
Accounts receivable	(18,339)	(56,172)	(7,732)
Inventories and prepaid expenses and other	(5,878)	(12,099)	(9,913)
Long-term prepayments, deposits and other assets	(22,087)	(23,927)	(49,007)
Accounts payable and accrued expenses and other	448,339	9,228	(44,240)
Other long-term liabilities	(32,808)	46,318	26,271
Net cash provided by operating activities	1,158,128	522,026	894,614
CASH FLOWS FROM INVESTING ACTIVITIES
Payment for capitalized construction costs	(368,616)	(1,043,334)	(977,182)
Placement of bank deposits with original maturities over three months	(260,197)	(1,034,173)	(110,616)
Payment for acquisition of property and equipment	(131,592)	(248,038)	(237,715)
Advance payments for construction costs	(31,586)	(19,739)	(107,587)
Deposits for acquisition of property and equipment	(4,212)	(28,840)	(99,443)
Payment for land use rights	(3,788)	(31,678)	(50,541)
Payment for entertainment production costs and security deposit	(33)	(4,489)	(1,346)
Proceeds from sale of property and equipment	28,906	295	1,117
Changes in restricted cash	277,629	1,495,644	(678,151)
Withdrawals of bank deposits with original maturities over three months	774,093	420,053	626,940
Escrow funds refundable to the Philippine Parties	0	24,643	0
Net proceeds from sale of assets held for sale	0	0	29,255
Net cash provided by (used in) investing activities	280,604	(469,656)	(1,605,269)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of shares for retirement	(803,171)	0	(300,495)
Dividends paid	(385,569)	(62,850)	(342,718)
Principal payments on long-term debt	(124,286)	(70,205)	(262,563)
Payment of deferred financing costs	(27,284)	(49,877)	(12,742)
Purchase of shares of a subsidiary	(2,614)	0	0
Principal payments on capital lease obligations	(47)	(146)	(228)
Proceeds from exercise of share options	3,254	5,092	736
Proceeds from long-term debt	0	148,298	1,632,514
Purchase of shares under trust arrangement for future vesting of restricted shares	0	0	(1,721)
Capital contribution from noncontrolling interests	0	0	92,000
Net proceeds from issuance of shares of a subsidiary	0	0	122,167
Net cash (used in) provided by financing activities	(1,339,717)	(29,688)	926,950
EFFECT OF FOREIGN EXCHANGE ON CASH AND CASH EQUIVALENTS	(7,731)	(9,311)	(397)
NET INCREASE IN CASH AND CASH EQUIVALENTS	91,284	13,371	215,898
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	1,611,026	1,597,655	1,381,757
CASH AND CASH EQUIVALENTS AT END OF YEAR	1,702,310	1,611,026	1,597,655
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS
Cash paid for interest, net of amounts capitalized	(209,697)	(106,984)	(95,118)
Cash paid for income taxes, net of refunds	(3,414)	(7,010)	(7,154)
NON-CASH INVESTING AND FINANCING ACTIVITIES
Change in accrued expenses and other current liabilities and other long-term liabilities related to property and equipment	48,801	65,678	60,738
Change in amounts due to affiliated companies related to property and equipment	0	772	2,809
Change in accrued expenses and other current liabilities, other long-term liabilities and capital lease obligations related to construction costs	27,794	89,068	200,800
Deferred financing costs included in accrued expenses and other current liabilities	3,180	8,254	248
Consideration of sale of property and equipment offset by escrow funds refundable to the Philippine Parties	$ 24,644	$ 0	$ 0

COMPANY INFORMATION

COMPANY INFORMATION	12 Months Ended
	Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements Abstract
COMPANY INFORMATION	1. COMPANY INFORMATION Melco Resorts & Entertainment Limited (formerly known as Melco Crown Entertainment Limited) (the “Company”) was incorporated in the Cayman Islands, with its American depositary shares (“ADS”) listed on the NASDAQ Global Select Market in the United States of America. Effective March 29, 2017, the Company changed its name to Melco Resorts & Entertainment Limited. In conjunction with the name change, the Company also changed its NASDAQ ticker symbol from “MPEL” to “MLCO” on April 6, 2017. The Company together with its subsidiaries (collectively referred to as the “Group”) is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia. The Group currently operates Altira Macau, a casino hotel located at Taipa, the Macau Special Administrative Region of the People’s Republic of China (“Macau”), City of Dreams, an integrated urban casino resort located at Cotai, Macau and Taipa Square Casino, a casino located at Taipa, Macau. The Group’s business also includes the Mocha Clubs, which comprise the non-casino As of December 31, 2015, the major shareholders of the Company were Melco International Development Limited (“Melco International”), a company listed in the Hong Kong Special Administrative Region of the People’s Republic of China (“Hong Kong”), and Crown Resorts Limited (“Crown”), an Australian-listed corporation. As of December 31, 2016, Melco International is the single largest shareholder of the Company due to the completion of the shares repurchase by the Company from a subsidiary of Crown followed by the cancelation of such shares with certain changes in the composition of the Board of Directors in May 2016.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Basis of Presentation and Principles of Consolidation The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation. (b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Group and on various other assumptions that the Group believes to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates. (c) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell the asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The Group estimated the fair values using appropriate valuation methodologies and market information available as of the balance sheet date. (d) Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments with original maturities of three months or less when purchased. Cash equivalents are placed with financial institutions with high-credit ratings and quality. (e) Restricted Cash The current portion of restricted cash represents cash deposited into bank accounts which are restricted as to withdrawal and use and the Group expects those funds will be released or utilized in accordance with the terms of the respective agreements within the next twelve months, while the non-current (f) Accounts Receivable and Credit Risk Financial instruments that potentially subject the Group to concentrations of credit risk consist principally of casino receivables. The Group issues credit in the form of markers to approved casino customers following investigations of creditworthiness including to its gaming promoters in Macau and the Philippines, which receivable can be offset against commissions payable and any other value items held by the Group to the respective customer and for which the Group intends to set-off Accounts receivable, including casino, hotel and other receivables, are typically non-interest (g) Inventories Inventories consist of retail merchandise, food and beverage items and certain operating supplies, which are stated at the lower of cost or market value. Cost is calculated using the first-in, first-out, (h) Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and impairment losses, if any. Gains or losses on dispositions of property and equipment are included in operating income. Major additions, renewals and betterments are capitalized, while maintenance and repairs are expensed as incurred. During the construction and development stage of the Group’s casino gaming and entertainment casino resort facilities, direct and incremental costs related to the design and construction, including costs under the construction contracts, duties and tariffs, equipment installation, shipping costs, payroll and payroll-benefit related costs, depreciation of plant and equipment used, applicable portions of interest and amortization of deferred financing costs, are capitalized in property and equipment. The capitalization of such costs begins when the construction and development of a project starts and ceases once the construction is substantially completed or development activity is suspended for more than a brief period. Depreciation and amortization expense related to capitalized construction costs and other property and equipment is recognized from the time each asset is placed in service. This may occur at different stages as casino gaming and entertainment casino resort facilities are completed and opened. Property and equipment and other long-lived assets with a finite useful life are depreciated and amortized on a straight-line basis over the asset’s estimated useful life. Estimated useful lives are as follows: Buildings 4 to 40 years Transportation 5 to 10 years Leasehold improvements 3 to 10 years or over the lease term, whichever is shorter Furniture, fixtures and equipment 2 to 15 years Plant and gaming machinery 3 to 5 years The remaining estimated useful lives of the property and equipment are periodically reviewed. For the review of estimated useful lives of buildings of Altira Macau and City of Dreams, the Group considered factors such as the business and operating environment of the gaming industry in Macau, laws and regulations in Macau and the Group’s anticipated usage of the buildings. As a result, effective from October 1, 2015, the estimated useful lives of certain buildings assets of Altira Macau and City of Dreams have been extended in order to reflect the estimated periods during which the buildings are expected to remain in service. The estimated useful lives of certain buildings assets of Altira Macau and City of Dreams were changed from 25 years to 40 years from the date the buildings were placed in service. The changes in estimated useful lives of these buildings assets have resulted in a reduction in depreciation of $5,827, an increase in net income attributable to Melco Resorts & Entertainment Limited of $5,827 and an increase in basic and diluted earnings per share of $0.004 for the year ended December 31, 2015. (i) Capitalized Interest and Amortization of Deferred Financing Costs Interest and amortization of deferred financing costs associated with major development and construction projects is capitalized and included in the cost of the project. The capitalization of interest and amortization of deferred financing costs cease when the project is substantially completed or the development activity is suspended for more than a brief period. The amount to be capitalized is determined by applying the weighted average interest rate of the Group’s outstanding borrowings to the average amount of accumulated qualifying capital expenditures for assets under construction during the year. Total interest expenses incurred amounted to $252,600, $253,168 and $220,974, of which $29,033, $134,838 and $96,884 were capitalized during the years ended December 31, 2016, 2015 and 2014, respectively. Amortization of deferred financing costs of $48,345, $38,511 and $28,055, net of amortization capitalized of nil, $5,458 and nil, were recorded during the years ended December 31, 2016, 2015 and 2014, respectively. (j) Gaming Subconcession The deemed cost of gaming subconcession is capitalized based on the fair value of the gaming subconcession agreement as of the date of acquisition of Melco Crown (Macau) Limited (“Melco Crown Macau”), a subsidiary of the Company and the holder of the gaming subconcession in Macau, in 2006, and amortized using the straight-line method over the term of agreement which is due to expire in June 2022. (k) Goodwill and Intangible Assets Goodwill represents the excess of acquisition cost over the fair value of tangible and identifiable intangible net assets of any business acquired. Goodwill is not amortized, but is tested for impairment at the reporting unit level on an annual basis, and between annual tests when circumstances indicate that the carrying value of goodwill may not be recoverable. An impairment loss is recognized in an amount equal to the excess of the carrying amount over the implied fair value. Intangible assets other than goodwill are amortized over their useful lives unless their lives are determined to be indefinite in which case they are not amortized. Intangible assets are carried at cost, less accumulated amortization. The Group’s finite-lived intangible asset consists of the gaming subconcession. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives. The Group’s intangible assets with indefinite lives represent Mocha Clubs trademarks, which are tested for impairment on an annual basis or when circumstances indicate that the carrying value of the intangible assets may not be recoverable. (l) Impairment of Long-lived Assets (Other Than Goodwill) The Group evaluates the long-lived assets with finite lives for impairment based on its classification as a) held for sale or b) to be held and used. Several criteria must be met before an asset is classified as held for sale, including the fact that management with the appropriate authority commits to a plan to sell the asset at a reasonable price in relation to its fair value and is actively seeking a buyer. For assets held for sale, the Group recognizes the assets at the lower of carrying value or fair market value less costs to sell, as estimated based on comparable asset sales, offers received, or a discounted cash flow model. For assets to be held and used, the Group reviews those for impairment whenever indicators of impairment exist. The Group then compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then an impairment charge is recorded based on the fair value of the asset, typically measured using a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs. During the years ended December 31, 2016, 2015 and 2014, impairment loss of $3,245, nil and $4,146 was recognized mainly due to reconfiguration and renovation at the Group’s operating properties and included in the consolidated statements of operations. (m) Deferred Financing Costs Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized over the terms of the related debt agreements using the effective interest method. (n) Land Use Rights Land use rights are recorded at cost less accumulated amortization. Amortization is provided on a straight-line basis over the estimated term of the land use rights. Each land concession contract in Macau has an initial term of 25 years and is renewable for further consecutive periods of 10 years, subject to applicable legislation in Macau. The land use rights were originally amortized over the initial term of 25 years, in which the expiry dates of the land use rights of Altira Macau, City of Dreams and Studio City are March 2031, August 2033 and October 2026, respectively. The estimated term of the land use rights are periodically reviewed. For the review of such estimated term of the land use rights under the applicable land concession contracts, the Group considered factors such as the business and operating environment of gaming industry in Macau, laws and regulations in Macau and the Group’s development plans. As a result, effective from October 1, 2015, the estimated term of the land use rights under the land concession contracts for Altira Macau, City of Dreams and Studio City, in accordance with the relevant accounting standards, have been extended to April 2047, May 2049 and October 2055, respectively which aligned with the estimated useful lives of certain buildings assets of 40 years as disclosed in Note 2(h). The changes in estimated term of the land use rights under the applicable land concession contracts have resulted in a reduction in amortization of land use rights of $10,413, an increase in net income attributable to Melco Resorts & Entertainment Limited of $6,763 and an increase in basic and diluted earnings per share of $0.004 for the year ended December 31, 2015. (o) Revenue Recognition and Promotional Allowances The Group recognizes revenue at the time persuasive evidence of an arrangement exists, the service is provided or the retail goods are sold, prices are fixed or determinable and collection is reasonably assured. Casino revenues are measured by the aggregate net difference between gaming wins and losses less accruals for the anticipated payouts of progressive slot jackpots. Funds deposited by customers in advance and chips in the customers’ possession are recognized as a liability before gaming play occurs. The Group follows the accounting standards for reporting revenue gross as a principal versus net as an agent, when accounting for operations of certain hotels and Taipa Square Casino. For the operations of certain hotels, the Group is the owner of the hotels property, and the hotel managers operate the hotels under management agreements providing management services to the Group, and the Group receives all rewards and takes substantial risks associated with the hotels’ business; it is the principal and the transactions are therefore recognized on a gross basis. For the operations of Taipa Square Casino, given the Group operates the casino under a right to use agreement with the owner of the casino premises and has full responsibility for the casino operations in accordance with its gaming subconcession, it is the principal and casino revenue is therefore recognized on a gross basis. Rooms, food and beverage, entertainment, retail and other revenues are recognized when services are performed. Advance deposits on rooms and advance ticket sales are recorded as customer deposits until services are provided to the customer. Minimum operating and right to use fees, adjusted for contractual base fees and operating fees escalations, are included in entertainment, retail and other revenues and are recognized on a straight-line basis over the terms of the related agreements. Revenues are recognized net of certain sales incentives which are required to be recorded as a reduction of revenue; consequently, the Group’s casino revenues are reduced by discounts, commissions and points earned in customer loyalty programs, such as the player’s club loyalty program. The retail value of rooms, food and beverage, entertainment, retail and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances for the years ended December 31, 2016, 2015 and 2014 is reclassified from rooms costs, food and beverage costs, entertainment, retail and other services costs and is included in casino expenses as follows: Year Ended December 31, 2016 2015 2014 Rooms $ 30,865 $ 24,625 $ 22,282 Food and beverage 79,719 64,676 53,941 Entertainment, retail and others 16,057 9,365 7,683 $ 126,641 $ 98,666 $ 83,906 (p) Point-loyalty Programs The Group operates different loyalty programs in certain of its properties to encourage repeat business mainly from loyal slot machine customers and table games patrons. Members earn points primarily based on gaming activity and such points can be redeemed for free play and other free goods and services. The Group accrues for loyalty program points expected to be redeemed for cash and free play as a reduction to gaming revenue and accrues for loyalty program points expected to be redeemed for free goods and services as casino expense. The accruals are based on management’s estimates and assumptions regarding the estimated costs of providing those benefits, age and history with expiration of unused points resulting in a reduction of the accruals. (q) Gaming Taxes and License Fees The Group is subject to taxes and license fees based on gross gaming revenue and other metrics in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes and license fees are determined mainly from an assessment of the Group’s gaming revenue and are recognized in the accompanying consolidated statements of operations. These taxes and license fees totaled $1,826,061, $1,717,805 and $2,275,610 for the years ended December 31, 2016, 2015 and 2014, respectively. (r) Pre-opening Pre-opening start-up pre-opening pre-opening one-off (s) Development Costs Development costs include the costs associated with the Group’s evaluation and pursuit of new business opportunities, which are expensed as incurred. (t) Advertising and Promotional Costs The Group expenses advertising and promotional costs the first time the advertising takes place or as incurred. Advertising and promotional costs included in the accompanying consolidated statements of operations were $83,068, $107,383 and $47,906 for the years ended December 31, 2016, 2015 and 2014, respectively. (u) Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of the Company during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the consolidated statements of operations. The functional currencies of the Company and its major subsidiaries are the United States dollar (“$” or “US$”), the Hong Kong dollar (“HK$”), the Macau Pataca (“MOP”) or the Philippine Peso (“PHP”), respectively. All assets and liabilities are translated at the rates of exchange prevailing at the balance sheet date and all income and expense items are translated at the average rates of exchange over the year. All exchange differences arising from the translation of subsidiaries’ financial statements are recorded as a component of comprehensive income (loss). (v) Share-based Compensation Expenses The Group measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award and recognizes that cost over the service period. Compensation is attributed to the periods of associated service and such expense is being recognized on a straight-line basis over the vesting period of the awards. Forfeitures are estimated at the time of grant and actual forfeitures are recognized currently to the extent they differ from the estimate. Further information on the Group’s share-based compensation arrangements is included in Note 17. (w) Income Tax The Group is subject to income taxes in Hong Kong, Macau, the Philippines and other jurisdictions where it operates. Deferred income taxes are recognized for all significant temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as current and non-current The Group’s income tax returns are subject to examination by tax authorities in the jurisdictions where it operates. The Group assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. These accounting standards utilize a two-step (x) Net Income Attributable to Melco Resorts & Entertainment Limited Per Share Basic net income attributable to Melco Resorts & Entertainment Limited per share is calculated by dividing the net income attributable to Melco Resorts & Entertainment Limited by the weighted average number of ordinary shares outstanding during the year. Diluted net income attributable to Melco Resorts & Entertainment Limited per share is calculated by dividing the net income attributable to Melco Resorts & Entertainment Limited by the weighted average number of ordinary shares outstanding during the year adjusted to include the potentially dilutive effect of outstanding share-based awards. The weighted average number of ordinary and ordinary equivalent shares used in the calculation of basic and diluted net income attributable to Melco Resorts & Entertainment Limited per share consisted of the following: Year Ended December 31, 2016 2015 2014 Weighted average number of ordinary shares outstanding used in the calculation of basic net income attributable to Melco Resorts & Entertainment Limited per share 1,516,714,277 1,617,263,041 1,647,571,547 Incremental weighted average number of ordinary shares from assumed vesting of restricted shares and exercise of share options using the treasury stock method 8,569,995 9,845,729 12,931,583 Weighted average number of ordinary shares outstanding used in the calculation of diluted net income attributable to Melco Resorts & Entertainment Limited per share 1,525,284,272 1,627,108,770 1,660,503,130 During the years ended December 31, 2016, 2015 and 2014, 9,404,584, 4,778,880 and 2,519,037 outstanding share options and 95,664, 237,855 and 701,681 outstanding restricted shares as at December 31, 2016, 2015 and 2014, respectively, were excluded from the computation of diluted net income attributable to Melco Resorts & Entertainment Limited per share as their effect would have been anti-dilutive. (y) Accounting for Derivative Instruments and Hedging Activities The Group uses derivative financial instruments such as floating-for-fixed (z) Comprehensive Income (Loss) and Accumulated Other Comprehensive Losses Comprehensive income (loss) includes net income (loss), foreign currency translation adjustment and change in fair value of interest rate swap agreements and is reported in the consolidated statements of comprehensive income. As of December 31, 2016 and 2015, the Group’s accumulated other comprehensive losses consisted of the following: December 31, 2016 2015 Foreign currency translation adjustment $ (24,768 ) $ (21,897 ) Change in fair value of interest rate swap agreements — (37 ) $ (24,768 ) $ (21,934 ) (aa) Recent Changes in Accounting Standards Newly Adopted Accounting Pronouncements: In June 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update which requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The adoption of this guidance was effective for the Group as of January 1, 2016 and did not have a material impact on the Group’s consolidated financial statements. In April 2015, the FASB issued an accounting standard update that requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. In August 2015, the FASB issued an accounting standard update which clarifies that the guidance issued in April 2015 is not required to be applied to line-of-credit line-of-credit non-current Recent Accounting Pronouncements Not Yet Adopted: In May 2014, the FASB issued an accounting standard update which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principal of this new revenue recognition model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This update also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB issued an accounting standard update which defers the effective date of the new revenue recognition accounting guidance by one year, to annual and interim periods beginning after December 15, 2017, and early adoption is permitted for annual and interim periods beginning after December 15, 2016. From March 2016 through May 2016, the FASB issued accounting standard updates which amend and further clarify the new revenue guidance such as reporting revenue as a principal versus agent, identifying performance obligations, accounting for intellectual property licenses, assessing collectability and presentation of sales taxes. The guidance can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the potential impact of adopting this guidance on the Group’s consolidated financial statements. The Group anticipates the goods and services furnished to guests without charge currently included in gross revenue and deducted as promotional allowances in the accompanying consolidated statements of operations will be presented on a net basis. The Group also anticipates a change in the manner of assigning value to accrued customer benefits related to the point-loyalty programs. In November 2015, the FASB issued an accounting standard update which simplifies balance sheet classification of deferred taxes. The guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as non-current. In February 2016, the FASB issued an accounting standard update on leases, which amends various aspects of existing accounting guidance for leases. The guidance requires all lessees to recognize a lease liability and a right-of-use In August 2016, the FASB issued an accounting standard update which amends the guidance on the classification of certain cash receipts and payments in the statement of cash flows. The guidance is effective for interim and fiscal years beginning after December 15, 2017, with early adoption is permitted. The guidance should be applied retrospectively. The adoption of this guidance is not expected to have a material impact on the Group’s consolidated financial statements. In November 2016, the FASB issued an accounting standard update which amends and clarifies the guidance on the classification and presentation of restricted cash in the statement of cash flows. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. Accordingly, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period end-of-period In January 2017, the FASB issued an accounting standard update which eliminates step two from the goodwill impairment test and instead requires an entity to recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value, limited to the total amount of goodwill allocated to that reporting unit. This guidance is effective for interim and fiscals years beginning after December 15, 2019, with early adoption permitted. The guidance should be applied prospectively. Management is currently assessing the potential impact of adopting this guidance on the Group’s consolidated financial statements. The adoption of this guidance would only impact the Group’s consolidated financial statements in situations where an impairment of a reporting unit’s assets is determined and the measurement of the impairment charge.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	3. ACCOUNTS RECEIVABLE, NET Components of accounts receivable, net are as follows: December 31, 2016 2015 Casino $ 480,227 $ 466,259 Hotel 4,224 8,427 Other 6,918 7,698 Sub-total 491,369 482,384 Less: allowance for doubtful debts (265,931 ) (210,757 ) $ 225,438 $ 271,627 During the years ended December 31, 2016, 2015 and 2014, the Group has directly written-off Movement of allowance for doubtful debts are as follows: Year Ended December 31, 2016 2015 2014 At beginning of year $ 210,757 $ 168,786 $ 143,334 Additional allowance, net of recoveries 64,747 37,978 29,979 Reclassified (to) from long-term receivables, net (9,573 ) 3,993 (4,527 ) At end of year $ 265,931 $ 210,757 $ 168,786

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	4. ASSETS HELD FOR SALE During the year ended December 31, 2014, the Group completed the sale of its properties in Macau to a third party at a total consideration of HK$240,000,000 (equivalent to $30,848), and the Group recognized a gain on disposal of assets held for sale of $22,072.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	5. PROPERTY AND EQUIPMENT, NET December 31, 2016 2015 Cost Buildings $ 5,179,324 $ 4,944,672 Furniture, fixtures and equipment 898,038 885,724 Leasehold improvements 755,804 775,422 Plant and gaming machinery 225,146 228,591 Transportation 87,281 88,590 Construction in progress 652,662 563,720 Sub-total 7,798,255 7,486,719 Less: accumulated depreciation and amortization (2,142,432 ) (1,726,490 ) Property and equipment, net $ 5,655,823 $ 5,760,229 As of December 31, 2016 and 2015, construction in progress in relation to City of Dreams, Studio City and City of Dreams Manila included interest capitalized in accordance with applicable accounting standards and other direct incidental costs capitalized which, in the aggregate, amounted to $88,607 and $69,311, respectively. The cost and accumulated depreciation and amortization of property and equipment held under capital lease arrangements were $237,858 and $26,438 as of December 31, 2016 and $251,176 and $14,322 as of December 31, 2015, respectively. Further information of the lease arrangements is included in Note 12.

GAMING SUBCONCESSION, NET

GAMING SUBCONCESSION, NET	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
GAMING SUBCONCESSION, NET	6. GAMING SUBCONCESSION, NET December 31, 2016 2015 Deemed cost $ 900,000 $ 900,000 Less: accumulated amortization (586,680 ) (529,443 ) Gaming subconcession, net $ 313,320 $ 370,557 The Group expects that amortization of the gaming subconcession will be approximately $57,237 each year from 2017 through 2021, and approximately $27,135 in 2022.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
GOODWILL AND INTANGIBLE ASSETS	7. GOODWILL AND INTANGIBLE ASSETS Goodwill relating to Mocha Clubs, a reporting unit, and other intangible assets with indefinite useful lives, representing trademarks of Mocha Clubs, are not amortized. Goodwill and intangible assets arose from the acquisition of Mocha Slot Group Limited and its subsidiaries by the Group in 2006. To assess potential impairment of goodwill, the Group performs an assessment of the carrying value of the reporting units at least on an annual basis or when events occur or circumstances change that would more likely than not reduce the estimated fair value of those reporting units below their carrying value. If the carrying value of a reporting unit exceeds its fair value, the Group would perform the second step in its assessment process and record an impairment loss to earnings to the extent the carrying amount of the reporting unit’s goodwill exceeds its implied fair value. The Group estimates the fair value of those reporting units through internal analysis and external valuations, which utilize income and market valuation approaches through the application of capitalized earnings and discounted cash flow methods. These valuation techniques are based on a number of estimates and assumptions, including the projected future operating results of the reporting unit, discount rates, long-term growth rates and market comparables. Trademarks of Mocha Clubs are tested for impairment at least annually or when events occur or circumstances change that would more likely than not reduce the estimated fair value of trademarks below its carrying value using the relief-from-royalty method. Under this method, the Group estimates the fair value of the trademarks through internal and external valuations, mainly based on the incremental after-tax The Group has performed annual tests for impairment of goodwill and trademarks in accordance with the accounting standards regarding goodwill and other intangible assets. No impairment loss has been recognized during the years ended December 31, 2016, 2015 and 2014.

LONG-TERM PREPAYMENTS, DEPOSITS

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS	8. LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS Long-term prepayments, deposits and other assets consisted of the following: December 31, 2016 2015 Entertainment production costs $ 76,884 $ 77,284 Less: accumulated amortization (51,744 ) (43,888 ) Entertainment production costs, net 25,140 33,396 Other long-term prepayments and other assets 36,240 40,596 Advance payments for construction costs 33,783 26,544 Deferred rent assets 32,219 10,393 Deferred financing costs, net 27,235 32,335 Input value-added tax, net 19,392 23,281 Other deposits 15,143 16,265 Long-term receivables, net 5,759 9,202 Long-term prepayments, deposits and other assets $ 194,911 $ 192,012 Entertainment production costs represent amounts incurred and capitalized for entertainment shows in City of Dreams. The Group amortized the entertainment production costs over 10 years or the respective estimated useful life of the entertainment show, whichever is shorter. Advance payments for construction costs are connected with the construction and fit-out Deferred financing costs, net represent unamortized debt issuance costs related to the Group’s revolving credit facilities. Input value-added tax, net represents the value-added tax estimated to be recoverable from the tax authority in the Philippines mainly connected with the purchase of assets or services for City of Dreams Manila. During the years ended December 31, 2016, 2015 and 2014, provisions for input value-added tax expected to be non-recoverable Long-term receivables, net represent casino receivables from casino customers where settlement is not expected within the next year. During the years ended December 31, 2016 and 2014, net amount of current accounts receivable of $6,128 and $8,642 and net amount of allowance for doubtful debts of $9,573 and $4,527, respectively, were reclassified to non-current.

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
LAND USE RIGHTS, NET	9. LAND USE RIGHTS, NET December 31, 2016 2015 Altira Macau (“Taipa Land”) $ 146,475 $ 146,475 City of Dreams (“Cotai Land”) 399,578 399,578 Studio City (“Studio City Land”) 653,564 653,564 1,199,617 1,199,617 Less: accumulated amortization (389,301 ) (366,485 ) Land use rights, net $ 810,316 $ 833,132

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	10. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES December 31, 2016 2015 Outstanding gaming chips and tokens $ 395,572 $ 184,223 Customer deposits and ticket sales 259,693 83,265 Staff cost accruals 200,031 123,978 Gaming tax and license fees accruals 159,802 185,223 Construction costs payables 141,681 189,592 Operating expense and other accruals and liabilities 133,669 143,318 Property and equipment payables 41,362 87,291 Interest expenses payable 38,133 32,755 Escrow funds refundable to the Philippine Parties — 23,417 Land use rights payable — 3,788 $ 1,369,943 $ 1,056,850

LONG-TERM DEBT, NET

LONG-TERM DEBT, NET	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
LONG-TERM DEBT, NET	11. LONG-TERM DEBT, NET Long-term debt, net consisted of the following: December 31, 2016 2015 2015 Credit Facilities (net of unamortized deferred financing costs of $9,611 and $12,399, respectively) $ 469,116 $ 488,886 Aircraft Term Loan 16,537 22,705 2012 Studio City Notes (net of unamortized deferred financing costs of $12,556 and $15,129, respectively) 812,444 809,871 2013 Senior Notes (net of unamortized deferred financing costs of $52,687 and $63,486, respectively) 947,313 936,514 Studio City Project Facility (net of unamortized deferred financing costs of $51,845) — 1,243,844 2016 Studio City Credit Facilities 129 — 2016 7.250% SC Secured Notes (net of unamortized deferred financing costs of $16,596) 833,404 — 2016 5.875% SC Secured Notes (net of unamortized deferred financing costs of $6,753) 343,247 — Philippine Notes (net of unamortized deferred financing costs of $3,041 and $4,614, respectively) 298,085 313,412 3,720,275 3,815,232 Current portion of long-term debt (net of unamortized deferred financing costs of $906 and $3,669, respectively) (50,583 ) (102,836 ) $ 3,669,692 $ 3,712,396 2015 Credit Facilities On June 30, 2011, Melco Crown Macau (the “Borrower”) entered into a HK$9,362,160,000 (equivalent to $1,203,362) senior secured credit facilities (the “2011 Credit Facilities”), consisted of a term loan facility of HK$6,241,440,000 (equivalent to $802,241) (the “2011 Term Loan Facility”) that was fully drawn during the year ended December 31, 2011 and a revolving credit facility of HK$3,120,720,000 (equivalent to $401,121) (the “2011 Revolving Credit Facility”) that was available until June 28, 2015, both of which were denominated in Hong Kong dollars. The borrowings under the 2011 Credit Facilities were used to refinance the Borrower’s prior senior secured credit facility. Borrowings under the 2011 Credit Facilities bore interest at Hong Kong Interbank Offered Rate (“HIBOR”) plus a margin ranging from 1.75% to 2.75% per annum as adjusted in accordance with the leverage ratio as defined in the 2011 Credit Facilities. The Borrower was obligated to pay a commitment fee on the undrawn amount of the 2011 Revolving Credit Facility throughout the availability period until June 28, 2015 and recognized loan commitment fees on the 2011 Credit Facilities of $1,385 and $2,808 during the years ended December 31, 2015 and 2014, respectively. On June 29, 2015, the Borrower amended and restated the 2011 Credit Facilities (the “2015 Credit Facilities”). The 2015 Credit Facilities, among other things: (i) increased the size of the then total available facilities from HK$9,362,160,000 (equivalent to $1,203,362) to HK$13,650,000,000 (equivalent to $1,750,000 based on exchange rate on transaction date), comprising a HK$3,900,000,000 (equivalent to $500,000 based on exchange rate on transaction date) term loan facility (the “2015 Term Loan Facility”) and a HK$9,750,000,000 (equivalent to $1,250,000 based on exchange rate on transaction date) multicurrency revolving credit facility (the “2015 Revolving Credit Facility”). In addition, the 2015 Credit Facilities provide for additional incremental facilities to be made available, upon further agreement with any of the existing lenders under the 2015 Credit Facilities or other entities, of up to $1,300,000 (the “2015 Incremental Facility”); (ii) introduced new lenders and removed certain lenders originally under the 2011 Credit Facilities; (iii) extended the repayment maturity date; and (iv) reduced and removed certain restrictions imposed by the covenants in the 2011 Credit Facilities, including but not limited to, increased flexibility to move cash within borrowing group which included the Borrower and certain subsidiaries of the Company as defined under the 2015 Credit Facilities (the “2015 Borrowing Group”), lower covenant levels and reduced reporting requirements. The Group recorded a $481 loss on extinguishment of debt and a $592 costs associated with debt modification, and capitalized $46,507 as deferred financing costs during the year ended December 31, 2015 in connection with the amendments. As of December 31, 2016, the 2015 Term Loan Facility had been fully drawn down with an outstanding amount of HK$3,724,500,000 (equivalent to $478,727), and the entire 2015 Revolving Credit Facility of HK$9,750,000,000 (equivalent to $1,250,000 based on exchange rate on transaction date) remains available for future drawdown as of December 31, 2016. The final maturity date of the 2015 Credit Facilities is: (i) June 29, 2021 in respect of the 2015 Term Loan Facility; and (ii) June 29, 2020 in respect of the 2015 Revolving Credit Facility, or if earlier, the date of repayment, prepayment or cancelation in full of the 2015 Credit Facilities. The maturity date, amount, margin, currency, form and other terms of the 2015 Incremental Facility will be further specified and agreed by the Borrower and the lenders under the 2015 Credit Facilities and additional lenders, if any, upon drawdown on the 2015 Incremental Facility. The 2015 Term Loan Facility is repayable in quarterly installments according to an amortization schedule commenced on September 29, 2016. Each loan made under the 2015 Revolving Credit Facility is repayable in full on the last day of an agreed upon interest period in respect of the loan, generally ranging from one to six months, or rolling over subject to compliance with certain covenants and satisfaction of conditions precedent. The Borrower is subject to mandatory prepayment requirements in respect of various amounts as specified in the 2015 Credit Facilities; in the event of the disposal of all or substantially all of the business and assets of the 2015 Borrowing Group, the 2015 Credit Facilities are required to be repaid in full. In the event of a change of control, the Borrower may be required, at the election of any lender under the 2015 Credit Facilities, to repay such lender in full. The indebtedness under the 2015 Credit Facilities is guaranteed by the 2015 Borrowing Group, which applied on and from June 29, 2015. Security for the 2015 Credit Facilities remains the same as the 2011 Credit Facilities (except that the terms of the associated security documents have been amended for consistency with the 2015 Credit Facilities), and includes: a first-priority interest in substantially all assets of the 2015 Borrowing Group, the issued share capital and equity interests and certain buildings, fixtures and equipment of the 2015 Borrowing Group and certain other excluded assets and customary security. The 2015 Credit Facilities contains certain covenants customary for such financings including, but not limited to: the 2015 Borrowing Group’s limitations on, except as permitted under the 2015 Credit Facilities (i) incurring additional liens; (ii) incurring additional indebtedness (including guarantees); (iii) making certain investments; (iv) paying dividends and other restricted payments; (v) creating any subsidiaries; and (vi) selling assets. The 2015 Credit Facilities also contains conditions and events of default customary for such financings. The financial covenants under the 2015 Credit Facilities remain the same as the 2011 Credit Facilities, including a leverage ratio, total leverage ratio and interest cover ratio but with lower covenant levels. The first test date of the financial covenants was September 30, 2015. There are provisions that limit certain payments of dividends and other distributions by the 2015 Borrowing Group to companies or persons who are not members of the 2015 Borrowing Group. As of December 31, 2016, there were no material net assets of the 2015 Borrowing Group restricted from being distributed under the terms of the 2015 Credit Facilities as certain financial tests and conditions are satisfied. Borrowings under the 2015 Credit Facilities bore an initial interest for the six months from June 29, 2015 at HIBOR plus a margin of 1.75% per annum. Subsequent to that, borrowings under the 2015 Credit Facilities bear interest at HIBOR plus a margin ranging from 1.25% to 2.50% per annum as adjusted in accordance with the leverage ratio in respect of the 2015 Borrowing Group. The Borrower may select an interest period for borrowings under the 2015 Credit Facilities of one, two, three or six months or any other agreed period. The Borrower is obligated to pay a commitment fee from July 13, 2015 on the undrawn amount of the 2015 Revolving Credit Facility and recognized loan commitment fees on the 2015 Credit Facilities of $4,800 and $3,100 during the years ended December 31, 2016 and 2015, respectively. Aircraft Term Loan On June 25, 2012, MCE Transportation Limited (“MCE Transportation”), a subsidiary of the Company, entered into a $43,000 term loan facility agreement to partly finance the acquisition of an aircraft (the “Aircraft Term Loan”). Principal and interest repayments are payable quarterly in arrears commenced on September 27, 2012 until maturity on June 27, 2019, interest is calculated based on London Interbank Offered Rate plus a margin of 2.80% per annum. The Aircraft Term Loan is guaranteed by the Company and security includes a first-priority mortgage on the aircraft itself; pledge over the MCE Transportation bank accounts; assignment of insurances (other than third party liability insurance); and an assignment of airframe and engine warranties. The Aircraft Term Loan must be prepaid in full if any of the following events occurs: (i) a change of control; (ii) the sale of all or substantially all of the components of the aircraft; (iii) the loss, damage or destruction of the entire or substantially the entire aircraft. Other covenants include lender’s approval for any capital expenditure not incurred in the ordinary course of business or any subsequent indebtedness exceeding certain amount by MCE Transportation. As of December 31, 2016, the Aircraft Term Loan has been fully drawn down and the carrying value of aircraft was $31,781. 2012 Studio City Notes On November 26, 2012, Studio City Finance Limited (“Studio City Finance”), a majority-owned subsidiary of the Company, issued $825,000 in aggregate principal amount of 8.5% senior notes due 2020 (the “2012 Studio City Notes”) and priced at 100%. The 2012 Studio City Notes mature on December 1, 2020 and the interest on the 2012 Studio City Notes is accrued at a rate of 8.5% per annum and is payable semi-annually in arrears on June 1 and December 1 of each year, commenced on June 1, 2013. Studio City Finance used the net proceeds from the offering to fund the Studio City project with conditions and sequence for disbursements in accordance with an agreement. The 2012 Studio City Notes are general obligations of Studio City Finance, secured by a first-priority security interest in certain specific bank accounts incidental to the 2012 Studio City Notes and a pledge of certain intercompany loans as defined under the 2012 Studio City Notes, rank equally in right of payment to all existing and future senior indebtedness of Studio City Finance and rank senior in right of payment to any existing and future subordinated indebtedness of Studio City Finance. The 2012 Studio City Notes are effectively subordinated to all of Studio City Finance’s existing and future secured indebtedness to the extent of the value of the property and assets securing such indebtedness. All of the existing subsidiaries of Studio City Finance and any other future restricted subsidiaries that provide guarantees of certain specified indebtedness (including the 2016 Studio City Credit Facilities (which amended and restated the Studio City Project Facility as described below) (the “2012 Studio City Notes Guarantors”) jointly, severally and unconditionally guarantee the 2012 Studio City Notes on a senior basis (the “2012 Studio City Notes Guarantees”). The 2012 Studio City Notes Guarantees are general obligations of the 2012 Studio City Notes Guarantors, rank equally in right of payment with all existing and future senior indebtedness of the 2012 Studio City Notes Guarantors and rank senior in right of payment to any existing and future subordinated indebtedness of the 2012 Studio City Notes Guarantors. The 2012 Studio City Notes Guarantees are effectively subordinated to the 2012 Studio City Notes Guarantors’ obligations under the 2016 Studio City Credit Facilities (which amended and restated the Studio City Project Facility) and the 2016 Studio City Secured Notes as described below and any future secured indebtedness that is secured by property and assets of the 2012 Studio City Notes Guarantors to the extent of the value of such property and assets. At any time on or after December 1, 2015, Studio City Finance has the option to redeem all or a portion of the 2012 Studio City Notes at any time at fixed redemption prices that decline ratably over time and also has the option to redeem in whole, but not in part the 2012 Studio City Notes at fixed redemption prices under certain circumstances and subject to certain exceptions as more fully described in the indenture governing the 2012 Studio City Notes. The indenture governing the 2012 Studio City Notes contains certain covenants that, subject to certain exceptions and conditions, limit the ability of Studio City Finance and its restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness; (ii) make specified restricted payments; (iii) issue or sell capital stock; (iv) sell assets; (v) create liens; (vi) enter into agreements that restrict the restricted subsidiaries’ ability to pay dividends, transfer assets or make intercompany loans; (vii) enter into transactions with shareholders or affiliates; and (viii) effect a consolidation or merger. The indenture governing the 2012 Studio City Notes also contains conditions and events of default customary for such financings. There are provisions under the indenture governing the 2012 Studio City Notes that limit or prohibit certain payments of dividends and other distributions by Studio City Finance and its restricted subsidiaries to companies or persons who are not Studio City Finance or restricted subsidiaries of Studio City Finance, subject to certain exceptions and conditions. As of December 31, 2016, the net assets of Studio City Finance and its restricted subsidiaries of approximately $799,000 were restricted from being distributed under the terms of the 2012 Studio City Notes. 2013 Senior Notes On February 7, 2013, MCE Finance Limited (“MCE Finance”), a subsidiary of the Company, issued $1,000,000 in aggregate principal amount of 5% senior notes due 2021 (the “2013 Senior Notes”) and priced at 100%. The 2013 Senior Notes mature on February 15, 2021 and the interest on the 2013 Senior Notes is accrued at a rate of 5% per annum and is payable semi-annually in arrears on February 15 and August 15 of each year, commenced on August 15, 2013. The 2013 Senior Notes are general obligations of MCE Finance, rank equally in right of payment to all existing and future senior indebtedness of MCE Finance and rank senior in right of payment to any existing and future subordinated indebtedness of MCE Finance and effectively subordinated to all of MCE Finance’s existing and future secured indebtedness to the extent of the value of the assets securing such debt. Certain subsidiaries of MCE Finance (the “2013 Senior Notes Guarantors”) jointly, severally and unconditionally guarantee the 2013 Senior Notes on a senior basis. The guarantees are joint and several general obligations of the 2013 Senior Notes Guarantors, rank equally in right of payment with all existing and future senior indebtedness of the 2013 Senior Notes Guarantors, and rank senior in right of payment to any existing and future subordinated indebtedness of the 2013 Senior Notes Guarantors. MCE Finance had the option to redeem all or a portion of the 2013 Senior Notes at any time prior to February 15, 2016, at a “make-whole” redemption price. Thereafter, MCE Finance has the option to redeem all or a portion of the 2013 Senior Notes at any time at fixed redemption prices that decline ratably over time. In addition, MCE Finance had the option to redeem up to 35% of the 2013 Senior Notes with the net cash proceeds from one or more certain equity offerings at a fixed redemption price at any time prior to February 15, 2016. Further, under certain circumstances and subject to certain exceptions as more fully described in the indenture, MCE Finance also has the option to redeem in whole, but not in part the 2013 Senior Notes at fixed redemption prices. The indenture governing the 2013 Senior Notes contains certain covenants that, subject to certain exceptions and conditions, limit the ability of MCE Finance and its restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness; (ii) make specified restricted payments; (iii) issue or sell capital stock; (iv) sell assets; (v) create liens; (vi) enter into agreements that restrict the restricted subsidiaries’ ability to pay dividends, transfer assets or make intercompany loans; (vii) enter into transactions with shareholders or affiliates; and (viii) effect a consolidation or merger. The indenture governing the 2013 Senior Notes also contains conditions and events of default customary for such financings. There are provisions under the indenture of the 2013 Senior Notes that limit or prohibit certain payments of dividends and other distributions by MCE Finance and its restricted subsidiaries to companies or persons who are not MCE Finance or members of MCE Finance’s restricted subsidiaries, subject to certain exceptions and conditions. As of December 31, 2016, there were no material net assets of MCE Finance and its restricted subsidiaries restricted from being distributed under the terms of the 2013 Senior Notes as certain financial tests and conditions are satisfied. Studio City Project Facility On January 28, 2013, Studio City Company Limited (“Studio City Company” or the “Studio City Borrower”), a majority-owned subsidiary of the Company, entered into a HK$10,855,880,000 (equivalent to $1,395,357) senior secured credit facilities, as amended from time to time (the “Studio City Project Facility”), consisted of a HK$10,080,460,000 (equivalent to $1,295,689) term loan facility (the “Studio City Term Loan Facility”) and a HK$775,420,000 (equivalent to $99,668) revolving credit facility (the “Studio City Revolving Credit Facility”), both of which were denominated in Hong Kong dollars to fund the Studio City project. On November 18, 2015, the Studio City Borrower amended the Studio City Project Facility including changing the Studio City project opening date condition from 400 to 250 tables, consequential adjustments to the financial covenants, and rescheduling the commencement of financial covenant testing (the “Amendments to the Studio City Project Facility”). The Group recorded a $7,011 costs associated with debt modification during the year ended December 31, 2015 in connection with the Amendments to the Studio City Project Facility. On November 30, 2016, the Studio City Project Facility was further amended and restated (and defined as the “2016 Studio City Credit Facilities”) as described below. On November 30, 2016 (December 1, 2016 Hong Kong time), the Studio City Borrower rolled over HK$1,000,000 (equivalent to $129) of the Studio City Term Loan Facility under the Studio City Project Facility into the 2016 SC Term Loan Facility as described below under the 2016 Studio City Credit Facilities, and repaid in full the remaining outstanding amount of the Studio City Term Loan Facility under the Studio City Project Facility of HK$9,777,046,200 (equivalent to $1,256,690) with net proceeds from the offering of the 2016 Studio City Secured Notes as described below together with cash on hand. The indebtedness under the Studio City Project Facility was guaranteed by Studio City Investments Limited (“Studio City Investments”), which holds 100% direct interest in Studio City Company, and its subsidiaries (other than the Studio City Borrower). Security for the Studio City Project Facility included: a first-priority mortgage over the land where Studio City is located, such mortgage will also cover all present and any future buildings on, and fixtures to, the relevant land; an assignment of any land use rights under land concession agreements, leases or equivalent; all bank accounts of Studio City Investments and its subsidiaries; as well as other customary security. Certain accounts of Melco Crown Macau related solely to the operation of the Studio City gaming area which were funded from the proceeds of the Studio City Project Facility were pledged as security for the Studio City Project Facility and related finance documents. Upon the amendment to the Studio City Project Facility on November 30, 2016 as described below, those bank accounts pledged under Studio City Project Facility were reclassified as cash and cash equivalents in the consolidated balance sheets. The Studio City Project Facility contained certain covenants for such financings and there were provisions that limited or prohibited certain payments of dividends and other distributions by the Studio City Investments, Studio City Borrower and its subsidiaries (together, the “Studio City Borrowing Group”) to companies or persons who were not members of the Studio City Borrowing Group. Borrowings under the Studio City Project Facility bore interest at HIBOR plus a margin of 4.50% per annum until September 30, 2016, at which time the Studio City Project Facility bore interest at HIBOR plus a margin ranging from 3.75% to 4.50% per annum as determined in accordance with the total leverage ratio in respect of the Studio City Borrowing Group. The Studio City Borrower was obligated to pay a commitment fee on the undrawn amount of the Studio City Project Facility and recognized loan commitment fees on the Studio City Project Facility of $1,647, $1,794 and $15,153 during the years ended December 31, 2016, 2015 and 2014, respectively. In connection with the Studio City Project Facility, Studio City International Holdings Limited (“Studio City International”), which holds 100% indirect interest in Studio City Finance and a majority-owned subsidiary of the Company, was required to procure a contingent equity undertaking or similar (with a liability cap of $225,000) granted in favor of the security agent for the Studio City Project Facility to, amongst other things, pay agreed project costs (i) associated with construction of Studio City and (ii) for which the facility agent under the Studio City Project Facility has determined there was no other available funding under the terms of the Studio City Project Facility. In support of such contingent equity undertaking, Studio City International had deposited a bank balance of $225,000 in an account secured in favor of the security agent for the Studio City Project Facility (“Cash Collateral”), which was required to be maintained until the construction completion date of the Studio City had occurred, certain debt service reserve and accrual accounts had been funded to the required balance and the financial covenants had been complied with. The Amendments to the Studio City Project Facility on November 18, 2015 included a creation of a new secured liquidity account (“Liquidity Account”) to be held in the name of the Studio City Borrower and to be credited with the Cash Collateral as a liquidity amount for the general corporate and working capital purposes of the Studio City group. On November 30, 2015, the Cash Collateral was transferred to the Liquidity Account and was released from restricted cash. The Studio City Borrower was required in accordance with the terms of the Studio City Term Loan Facility to enter into agreements to ensure that at least 50% of the aggregate of drawn Studio City Term Loan Facility and the 2012 Studio City Notes were subject to interest rate protection, by way of interest rate swap agreements, caps, collars or other agreements agreed with the facility agent under the Studio City Project Facility to limit the impact of increases in interest rates on its floating rate debt, for a period of not less than three years from the date of the first drawdown of the Studio City Term Loan Facility. During the years ended December 31, 2016, 2015 and 2014, the Studio City Borrower entered into certain floating-for-fixed 2016 Studio City Credit Facilities On November 30, 2016, Studio City Borrower amended and restated the Studio City Project Facility (the “2016 Studio City Credit Facilities”), among other things: (i) reduced the size of the then total available facilities from HK$10,855,880,000 (equivalent to $1,395,357) to HK$234,000,000 (equivalent to $30,077), comprising a HK$1,000,000 (equivalent to $129) term loan facility (the “2016 SC Term Loan Facility”) which is rolled over from the Studio City Term Loan Facility under the Studio City Project Facility and a HK$233,000,000 (equivalent to $29,948) revolving credit facility (the “2016 SC Revolving Credit Facility”); (ii) removed certain lenders originally under the Studio City Credit Facility; (iii) extended the repayment maturity date; and (iv) reduced and removed certain restrictions imposed by the covenants in the Studio City Project Facility, including but not limited to, increased flexibility to move cash within borrowing group which included the Studio City Borrower and certain subsidiaries of the Company as defined under the 2016 Studio City Credit Facilities (the “2016 Studio City Borrowing Group”), removed all maintenance financial covenants and reduced reporting requirements. The amendment of the Studio City Project Facility to the 2016 Studio City Credit Facilities and the issuance of 2016 Studio City Secured Notes (as described below) are connected to the refinancing of the Studio City Project Facility. The Group recorded a $17,435 loss on extinguishment of debt and a $8,101 costs associated with debt modification during the year ended December 31, 2016 in connection with such amendments. As of December 31, 2016, the 2016 SC Term Loan Facility had been fully drawn down with an outstanding amount of HK$1,000,000 (equivalent to $129), and the entire 2016 SC Revolving Credit Facility of HK$233,000,000 (equivalent to $29,948) remains available for future drawdown as of December 31, 2016. The 2016 SC Term Loan Facility and the 2016 SC Revolving Credit Facility mature on November 30, 2021 (December 1, 2021 Hong Kong time). The 2016 SC Term Loan Facility has to be repaid at maturity with no interim amortization payments. The 2016 SC Revolving Credit Facility is available from January 1, 2017 up to the date that is one month prior to the 2016 SC Revolving Credit Facility’s final maturity date. The 2016 SC Term Loan Facility is collateralized by cash collateral equal to HK$1,012,500 (equivalent to $130) (representing the principal amount of the 2016 SC Term Loan Facility plus expected interest expense in respect of the 2016 SC Term Loan Facility for one financial quarter). The Studio City Borrower is subject to mandatory prepayment requirements in respect of various amounts of the 2016 SC Revolving Credit Facility as specified in the 2016 Studio City Credit Facilities; in the event of the disposal of all or substantially all of the business and assets of the Studio City Borrowing Group, the 2016 Studio City Credit Facilities are required to be repaid in full. In the event of a change of control, the Borrower may be required, at the election of any lender under the 2016 Credit Facilities, to repay such lender in full (other than in respect of the principal amount of the 2016 SC Term Loan Facility). The indebtedness under the 2016 Studio City Credit Facilities is guaranteed by Studio City Investments and its subsidiaries (other than Studio City Borrower), which apply on and from November 30, 2016. Security for the 2016 Studio City Credit Facilities includes a first-priority mortgage over any rights under land concession contract of Studio City and an assignment of certain leases or rights to use agreements; as well as other customary security. The 2016 Studio City Credit Facilities contain certain affirmative and negative covenants customary for such financings, as well as affirmative, negative and financial covenants equivalent to those contained in the 2016 Studio City Secured Notes as described below. The 2016 Studio City Credit Facilities are secured, on an equal basis with the 2016 Studio City Secured Notes, by substantially all of the material assets of Studio City Investments and its subsidiaries (other than Studio City Borrower) (although obligations under the 2016 Studio City Credit Facilities that are secured by common collateral securing the 2016 Studio City Secured Notes will have priority over the 2016 Studio City Secured Notes with respect to any proceeds received upon any enforcement action of such common collateral). In addition, the 2016 Studio City Secured Notes are also separately secured by certain specified bank accounts. The 2016 Studio City Credit Facilities contains certain covenants that, subject to certain exceptions and conditions, limit the ability of Studio City Company, Studio City Investments and their respective restricted subsidiaries to, among other things: (i) incur or guarantee additional indebtedness and issue certain preferred stock; (ii) make specified restricted payments (including dividends and distribution with respect to shares of Studio City Company) and investments; (iii) prepay or redeem subordinated debt or equity and make payments of principal of the 2012 Studio City Notes; (iv) issue or sell capital stock; (v) transfer, lease or sell assets; (vi) create or incur certain liens; (vii) impair the security interests in the Collateral as defined below; (viii) enter into agreements that restrict the restricted subsidiaries’ ability to pay dividends, transfer assets or make intercompany loans; (ix) change the nature of the business of the relevant group; (x) enter into transactions with shareholders or affiliates; and (xi) effect a consolidation or merger. The 2016 Studio City Credit Facilities also contains conditions and events of default customary for such financings. There are provisions that limit certain payments of dividends and other distributions by the 2016 Studio City Borrowing Group to companies or persons who are not members of the 2016 Studio City Borrowing Group. As of December 31, 2016, the net assets of Studio City Investments and its restricted subsidiaries of approximately $856,000 were restricted from being distributed under the terms of the 2016 Studio City Credit Facilities. Borrowings under the 2016 Studio City Credit Facilities bear interest at HIBOR plus a margin of 4% per annum. The Studio City Borrower may select an interest period for borrowings under the 2016 Studio City Credit Facilities of one, two, three or six months or any other agreed period. The Studio City Borrower is obligated to pay a commitment fee on the undrawn amount of the 2016 SC Revolving Credit Facility from January 1, 2017. 2016 Studio City Secured Notes On November 30, 2016, Studio City Company issued $350,000 in aggregate principal amount of 5.875% senior secured notes due 2019 (the “2016 5.875% SC Secured Notes”) and $850,000 in aggregate principal amount of 7.250% senior secured notes due 2021 (the “2016 7.250% SC Secured Notes” and together with the 2016 5.875% SC Secured Notes, the “2016 Studio City Secured Notes”) and both priced at 100%. The 2016 5.875% SC Secured Notes and 2016 7.250% SC Secured Notes mature on November 30, 2019 and November 30, 2021, respectively, and the interest on the 2016 5.875% SC Secured Notes and 2016 7.250% SC Secured Notes is accrued at a rate of 5.875% and 7.250% per annum, respectively, and is payable semi-annually in arrears on May 30 and November 30 of each year, commencing on May 30, 2017. The 2016 Studio City Secured Notes are senior secured obligations of Studio City Company, rank equally in right of payment with all existing and future senior indebtedness of Studio City Company (although any liabilities in respect of obligations under the 2016 Studio City Credit Facilities as described above that are secured by common collateral securing the 2016 Studio City Secured Notes will have priority over the 2016 Studio City Secured Notes with respect to any proceeds received upon any enforcement action of such common collateral) and rank senior in right of payment to any existing and future subordinated indebtedness of Studio City Company and effectively subordinate

CAPITAL LEASE OBLIGATIONS

CAPITAL LEASE OBLIGATIONS	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
CAPITAL LEASE OBLIGATIONS	12. CAPITAL LEASE OBLIGATIONS On March 13, 2013, MCE Leisure entered into a lease agreement with Belle Corporation (“Belle”, one of the Philippine Parties as defined in Note 21(a)), as amended from time to time (the “MCP Lease Agreement”), for lease of the land and certain of the building structures for City of Dreams Manila and is expected to expire on July 11, 2033. Apart from the MCP Lease Agreement, the Group entered into lease agreements with third parties for the lease of certain property and equipment. The Group made assessments at inception of the leases and capitalized the portion related to property and equipment under capital lease at the lower of the fair value or the present value of the future minimum lease payments. Future minimum lease payments under capital lease obligations for the Group as of December 31, 2016 are as follows: Year ending December 31, 2017 $ 33,026 2018 36,140 2019 39,515 2020 43,503 2021 47,944 Over 2021 594,111 Total minimum lease payments 794,239 Less: amounts representing interest (501,152 ) Present value of minimum lease payments 293,087 Current portion (30,730 ) Non-current $ 262,357

OTHER LONG-TERM LIABILITIES

OTHER LONG-TERM LIABILITIES	12 Months Ended
	Dec. 31, 2016
Other Liabilities Disclosure [Abstract]
OTHER LONG-TERM LIABILITIES	13. OTHER LONG-TERM LIABILITIES December 31, 2016 2015 Deferred rent liabilities $ 15,357 $ 11,749 Staff cost accruals 14,579 47,979 Other liabilities 11,952 13,778 Other deposits received 7,399 7,456 $ 49,287 $ 80,962

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	14. FAIR VALUE MEASUREMENTS Authoritative literature provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows: • Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. • Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. The carrying values of cash and cash equivalents, bank deposits with original maturities over three months and restricted cash approximated fair value and were classified as level 1 in the fair value hierarchy. The carrying values of long-term deposits, long-term receivables and other long-term liabilities approximated fair value and were classified as level 2 in the fair value hierarchy. The estimated fair value of long-term debt as of December 31, 2016 and 2015, which included the 2016 Studio City Secured Notes, the 2016 Studio City Credit Facilities, the Studio City Project Facility, the 2013 Senior Notes, the 2012 Studio City Notes, the 2015 Credit Facilities, the Philippine Notes and the Aircraft Term Loan, were approximately $3,903,033 and $3,855,538, respectively, as compared to its carrying value, excluding unamortized deferred financing costs, of $3,821,519 and $3,962,705, respectively. Fair value was estimated using quoted market prices and were classified as level 1 in the fair value hierarchy for the 2016 Studio City Secured Notes, 2013 Senior Notes and the 2012 Studio City Notes. Fair values for the 2016 Studio City Credit Facilities, the Studio City Project Facility, the 2015 Credit Facilities, the Philippine Notes and the Aircraft Term Loan approximated the carrying values as the instruments carried either variable interest rates or the fixed interest rate approximated the market rate and were classified as level 2 in the fair value hierarchy. As of December 31, 2016 and 2015, the Group did not have any non-financial

CAPITAL STRUCTURE

CAPITAL STRUCTURE	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
CAPITAL STRUCTURE	15. CAPITAL STRUCTURE Ordinary and Treasury Shares The Company’s treasury shares represent i) new shares issued by the Company and held by the depositary bank to facilitate the administration and operations of the Company’s share incentive plans, and are to be delivered to the directors, eligible employees and consultants on the vesting of restricted shares and upon the exercise of share options; ii) the shares purchased under a trust arrangement for the benefit of certain beneficiaries who are awardees under the 2011 Share Incentive Plan as described in Note 17 and held by a trustee to facilitate the future vesting of restricted shares in selected directors, employees and consultants under the 2011 Share Incentive Plan; and iii) the shares repurchased by the Company under the 2015 Stock Repurchase Program and 2014 Stock Repurchase Program (as described below) pending for retirement. New Shares Issued by the Company During the years ended December 31, 2016, 2015 and 2014, the Company issued nil, 940,419 and nil ordinary shares to its depositary bank for future vesting of restricted shares and exercise of share options, respectively. The Company issued 303,318, 136,809 and 1,068,534 of these ordinary shares upon vesting of restricted shares; and 1,789,929, 1,368,747 and 928,299 of these ordinary shares upon exercise of share options during the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016 and 2015, the Company had a balance of 10,823,770 and 12,917,017 newly issued ordinary shares which continue to be held by the Company for future issuance upon vesting of restricted shares and exercise of share options, respectively. Shares Purchased under a Trust Arrangement On May 15, 2013, the Board of Directors of the Company authorized a trustee to purchase the Company’s ADSs from the open market for the purpose of satisfying its obligation to deliver ADSs under its 2011 Share Incentive Plan (“Share Purchase Program”). Under the Share Purchase Program, the trustee was authorized to purchase ADSs from the open market at the price ranges to be determined by the Company’s management from time to time. The purchased ADSs were to be delivered to the directors, eligible employees and consultants upon vesting of the restricted shares. Following the delisting of the Company’s ordinary shares from The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) in July 2015, the Company terminated the trust and the trustee approved the termination on April 26, 2016. During the year ended December 31, 2016, no ordinary share was purchased under a trust arrangement, while the remaining 18,213 ordinary shares previously purchased under a trust arrangement were transferred back to the Company upon the termination of the trust and delivered to directors and eligible employees upon the vesting of restricted shares. During the year ended December 31, 2015, no ordinary share was purchased under a trust arrangement, while 466,203 ordinary shares purchased under a trust arrangement were delivered to directors and eligible employees to satisfy the vesting of restricted shares. During the year ended December 31, 2014, 69,426 ADSs, equivalent to 208,278 ordinary shares were purchased under a trust arrangement from the open market at an average market price of $24.79 per ADS or $8.26 per share (including commissions), and 467,121 ordinary shares purchased under a trust arrangement were delivered to directors and eligible employees to satisfy the vesting of restricted shares. As of December 31, 2015, the shares purchased under a trust arrangement had a balance of 18,213 ordinary shares for future issuance upon vesting of restricted shares. Shares Repurchased for Retirement On August 7, 2014, the Board of Directors of the Company authorized the repurchase of the Company’s ADSs of up to an aggregate of $500,000 under a stock repurchase program (the “2014 Stock Repurchase Program”) for shares retirement. Under the 2014 Stock Repurchase Program, the Company was authorized to repurchase ADSs from the open market at the price ranges determined by the Company’s management from time to time. The 2014 Stock Repurchase Program expired following the 2015 share repurchase mandate granted by the shareholders at the annual general meeting of the Company held on May 20, 2015 (as describe below). On May 20, 2015, the Board of Directors of the Company authorized the repurchase of the Company’s ADSs of up to an aggregate of $500,000 under a stock repurchase program (the “2015 Stock Repurchase Program”) for share retirement. Under the 2015 Stock Repurchase Program, the Company was authorized to repurchase ADSs from the open market at the price ranges determined by the Company’s management from time to time. Upon the conclusion of the annual general meeting of the Company held on May 18, 2016, the 2015 Stock Repurchase Program expired. During the year ended December 31, 2016, no ordinary share was repurchased and retired under the 2015 Stock Repurchase Program. During the year ended December 31, 2015, no ordinary share was repurchased under the 2015 Stock Repurchase Program and the 2014 Stock Repurchase Program, while 3,717,816 ordinary shares repurchased under the 2014 Stock Repurchase Program were retired. During the year ended December 31, 2014, 12,216,448 ADSs, equivalent to 36,649,344 ordinary shares were repurchased under the 2014 Stock Repurchase Program from the open market in aggregate for $300,495 (including commissions), at an average market price of $24.60 per ADS or $8.20 per share, of which 32,931,528 ordinary shares repurchased under the 2014 Stock Repurchase Program were retired. As of December 31, 2016 and 2015, there was no outstanding repurchased ordinary shares pending for future retirement in each of those periods. On May 9, 2016, the Company completed a repurchase of 155,000,000 of its ordinary shares (equivalent to 51,666,666 ADSs) from a subsidiary of Crown for an aggregate purchase price of $800,839, at an average market price of $15.50 per ADS or $5.1667 per share. Following the completion of this share repurchase, the 155,000,000 repurchased shares were canceled. The total cost for these repurchased shares, which comprised the purchase price and all incidental expenses, amounted to $803,171 and was recorded as treasury shares for the year ended December 31, 2016. As of December 31, 2016 and 2015, the Company had 1,475,924,523 and 1,630,924,523 issued ordinary shares, and 10,823,770 and 12,935,230 treasury shares, with 1,465,100,753 and 1,617,989,293 ordinary shares outstanding, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	16. INCOME TAXES Income (loss) before income tax consisted of: Year Ended December 31, 2016 2015 2014 Macau operations $ 334,409 $ 277,764 $ 775,790 Hong Kong operations (10,511 ) (54,778 ) (10,062 ) Philippines operations (18,226 ) (189,269 ) (138,744 ) Other jurisdictions’ operations (230,576 ) (93,494 ) (96,562 ) Income (loss) before income tax $ 75,096 $ (59,777 ) $ 530,422 The income tax expense consisted of: Year Ended December 31, 2016 2015 2014 Income tax expense - current: Macau Complementary Tax $ 2,832 $ 408 $ 2,761 Lump sum in lieu of Macau Complementary Tax on dividend 2,795 2,795 2,795 Hong Kong Profits Tax 1,889 800 1,171 Income tax in other jurisdictions 36 283 622 Sub-total 7,552 4,286 7,349 (Over) under provision of income tax in prior years: Macau Complementary Tax (224 ) (423 ) (57 ) Hong Kong Profits Tax 39 (14 ) 124 Income tax in other jurisdictions (4 ) (5 ) 91 Sub-total (189 ) (442 ) 158 Income tax (benefit) expense-deferred: Macau Complementary Tax (1,074 ) (3,351 ) (3,917 ) Hong Kong Profits Tax (69 ) 32 (22 ) Income tax in other jurisdictions 1,958 506 (532 ) Sub-total 815 (2,813 ) (4,471 ) Total income tax expense $ 8,178 $ 1,031 $ 3,036 A reconciliation of the income tax expense from income (loss) before income tax per the consolidated statements of operations is as follows: Year Ended December 31, 2016 2015 2014 Income (loss) before income tax $ 75,096 $ (59,777 ) $ 530,422 Macau Complementary Tax rate 12 % 12 % 12 % Income tax expense (credit) at Macau Complementary Tax rate 9,012 (7,173 ) 63,651 Lump sum in lieu of Macau Complementary Tax on dividend 2,795 2,795 2,795 Effect of different tax rates of subsidiaries operating in other jurisdictions (5,823 ) (37,422 ) (25,416 ) (Over) under provision in prior years (189 ) (442 ) 158 Effect of income for which no income tax expense is payable (1,960 ) (1,850 ) (2,272 ) Effect of expenses for which no income tax benefit is receivable 30,475 18,824 12,441 Effect of profits generated by gaming operations exempted (93,611 ) (64,437 ) (109,189 ) Losses that cannot be carried forward — 979 — Change in valuation allowance 67,479 89,757 60,868 $ 8,178 $ 1,031 $ 3,036 The Company and certain of its subsidiaries are exempt from tax in the Cayman Islands or British Virgin Islands, where they are incorporated, however, the Company is subject to Hong Kong Profits Tax on profits from its activities conducted in Hong Kong. Certain subsidiaries incorporated or conducting businesses in Hong Kong, Macau, the Philippines and other jurisdictions are subject to Hong Kong Profits Tax, Macau Complementary Tax, Philippine Corporate Income Tax and income tax in other jurisdictions, respectively, during the years ended December 31, 2016, 2015 and 2014. Macau Complementary Tax, Hong Kong Profits Tax and Philippine Corporate Income Tax have been provided at 12%, 16.5% and 30% on the estimated taxable income earned in or derived from Macau, Hong Kong and the Philippines, respectively, during the years ended December 31, 2016, 2015 and 2014, if applicable. Income tax in other jurisdictions for the years ended December 31, 2016, 2015 and 2014 were provided mainly for the profits of the representative offices and branches set up by a subsidiary of the Company in the region where they operate. Melco Crown Macau has been exempted from Macau Complementary Tax on profits generated by gaming operations from 2007 to 2011, and 2012 to 2016 pursuant to the approval notices issued by the Macau Government in June 2007 and April 2011, respectively. Melco Crown Macau continues to benefit from this exemption for another five years from 2017 to 2021 pursuant to the approval notice issued by the Macau Government in September 2016. One of the Company’s subsidiaries in Macau has also been exempted from Macau Complementary Tax on profits generated from income received from Melco Crown Macau until 2016, to the extent that such income is derived from Studio City gaming operations and has been subject to gaming tax pursuant to a notice issued by the Macau Government in January 2015. Additionally, this subsidiary received an exemption for an additional five years from 2017 to 2021 pursuant to an approval notice issued by the Macau Government in January 2017. The exemption coincides with Melco Crown Macau’s exemption from Macau Complementary Tax. The non-gaming non-gaming The casino operations of MCE Leisure, the operator of City of Dreams Manila, were previously subject to Philippine Corporate Income Tax in the Philippines at the rate of 30% based on Revenue Memorandum Circular (“RMC”) No. 33-2013 During the year ended December 31, 2016, Melco Crown Macau and one of the Company’s subsidiary in Macau, and MCE Leisure during the period from September 1, 2016 to December 31, 2016 reported net income generated from gaming operations and had the Group been required to pay the Macau Complementary Tax and Philippine Corporate Income Tax as mentioned above, the Group’s consolidated net income attributable to Melco Resorts & Entertainment Limited for the year ended December 31, 2016 would have been decreased by $81,230, and the basic and diluted net income attributable to Melco Resorts & Entertainment Limited per share would have reported reduced income of $0.054 and $0.053 per share for the year ended December 31, 2016. During the years ended December 31, 2015 and 2014, Melco Crown Macau reported net income generated from gaming operations and had the Group been required to pay the Macau Complementary Tax, the Group’s consolidated net income attributable to Melco Resorts & Entertainment Limited for the years ended December 31, 2015 and 2014 would have been decreased by $64,437 and $109,189, respectively, and the basic and diluted net income attributable to Melco Resorts & Entertainment Limited per share would have reported reduced income of $0.040 and $0.040 per share for the year ended December 31, 2015, and $0.066 and $0.066 per share for the year ended December 31, 2014, respectively. During the year ended December 31, 2015, the Company’s subsidiary in Macau reported net loss generated from gaming operations and there was no effect of the tax holiday on the consolidated net income attributable to Melco Resorts & Entertainment Limited and on the basic and diluted net income attributable to Melco Resorts & Entertainment Limited per share. In 2013, Melco Crown Macau made an application to the Macau Government for a tax concession arrangement for its shareholders. Pursuant to the proposed terms issued by the Macau Government in December 2013 which was accepted by Melco Crown Macau in January 2014, an annual lump sum amount of MOP22,400,000 (equivalent to $2,795) is payable by Melco Crown Macau to the Macau Government, effective retroactively from 2012 through 2016 coinciding with the 5-year 5-year The effective tax rates for the years ended December 31, 2016, 2015 and 2014 were positive rate of 10.9%, negative rate of 1.7% and positive rate of 0.6%, respectively. Such rates differ from the statutory Macau Complementary Tax rate of 12% primarily due to the effect of profits generated by gaming operations exempted from Macau Complementary Tax and Philippine Corporate Income Tax, the effect of change in valuation allowance, the effect of expenses for which no income tax benefit is receivable and the effect of different tax rates of subsidiaries operating in other jurisdictions for the years ended December 31, 2016, 2015 and 2014. The net deferred tax liabilities as of December 31, 2016 and 2015 consisted of the following: December 31, 2016 2015 Deferred tax assets Net operating loss carried forwards $ 167,949 $ 149,616 Depreciation and amortization 24,248 15,644 Deferred deductible expenses 2,454 3,994 Deferred rents 26,326 21,243 Others 9,949 7,219 Sub-total 230,926 197,716 Valuation allowances Current (43,764 ) (26,617 ) Long-term (182,349 ) (165,583 ) Sub-total (226,113 ) (192,200 ) Total deferred tax assets 4,813 5,516 Deferred tax liabilities Land use rights (50,645 ) (52,032 ) Intangible assets (505 ) (505 ) Unrealized capital allowance (3,374 ) (3,061 ) Others (6,588 ) (5,414 ) Total deferred tax liabilities (61,112 ) (61,012 ) Deferred tax liabilities, net $ (56,299 ) $ (55,496 ) As of December 31, 2016 and 2015, valuation allowances of $226,113 and $192,200 were provided, respectively, as management believes that it is more likely than not that these deferred tax assets will not be realized. As of December 31, 2016, adjusted operating tax loss carry forwards, amounting to $222,310, $419,874 and $289,868 will expire in 2017, 2018 and 2019, respectively. Adjusted operating tax loss carried forward of $173,103 has expired during the year ended December 31, 2016. Deferred tax, where applicable, is provided under the asset and liability method at the enacted statutory income tax rate of the respective tax jurisdictions, applicable to the respective financial years, on the difference between the consolidated financial statements carrying amounts and income tax base of assets and liabilities. Aggregate undistributed earnings of the Company’s foreign subsidiaries available for distribution to the Company of approximately $95,037 and $6,630 as at December 31, 2016 and 2015, respectively, are considered to be indefinitely reinvested and the amounts as of December 31, 2016 and 2015 exclude the undistributed earnings of Melco Crown Macau. Accordingly, no provision has been made for the dividend withholding taxes that would be payable upon the distribution of those amounts to the Company. If those earnings were to be distributed or they were determined to be no longer permanently reinvested, the Company would have to record a deferred income tax liability in respect of those undistributed earnings of approximately $11,603 and $994 as at December 31, 2016 and 2015, respectively. An evaluation of the tax positions for recognition was conducted by the Group by determining if the weight of available evidence indicates it is more likely than not that the positions will be sustained on audit, including resolution of related appeals or litigation processes, if any. Uncertain tax benefits associated with the tax positions were measured based solely on the technical merits of being sustained on examinations. The Group concluded that there was no significant uncertain tax position requiring recognition in the consolidated financial statements for the years ended December 31, 2016, 2015 and 2014 and there is no material unrecognized tax benefit which would favorably affect the effective income tax rate in future periods. As of December 31, 2016 and 2015, there were no interest and penalties related to uncertain tax positions recognized in the consolidated financial statements. The Group does not anticipate any significant increases or decreases to its liability for unrecognized tax benefit within the next twelve months. The income tax returns of the Company and its subsidiaries remain open and subject to examination by the tax authorities of Hong Kong, Macau, the Philippines and other jurisdictions until the statute of limitations expire in each corresponding jurisdiction. The statute of limitations in Hong Kong, Macau and the Philippines are 6 years, 5 years and 3 years, respectively.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
SHARE-BASED COMPENSATION	17. SHARE-BASED COMPENSATION 2006 Share Incentive Plan The Company adopted a share incentive plan in 2006 (“2006 Share Incentive Plan”), as amended, for grants of share options and nonvested shares of the Company’s ordinary shares to eligible directors, employees and consultants of the Group and its affiliates. The maximum term of an award was 10 years from the date of the grant. The maximum aggregate number of ordinary shares to be available for all awards under the 2006 Share Incentive Plan was 100,000,000 over 10 years. On December 7, 2011, the Group adopted a new share incentive plan (“2011 Share Incentive Plan”) as described below and no further awards may be granted under the 2006 Share Incentive Plan on or after such date as all subsequent awards will be issued under the 2011 Share Incentive Plan. Share Options A summary of share options activity under the 2006 Share Incentive Plan for the year ended December 31, 2016, is presented below: Number Weighted Weighted Aggregate Outstanding as of January 1, 2016 11,657,403 $ 1.61 Exercised (1,743,609 ) 1.74 Outstanding as of December 31, 2016 9,913,794 $ 1.58 2.52 $ 36,846 Fully vested as of December 31, 2016 9,913,794 $ 1.58 2.52 $ 36,846 Exercisable as of December 31, 2016 9,913,794 $ 1.58 2.52 $ 36,846 The following is provided for share options under the 2006 Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Proceeds from the exercise of share options $ 3,036 $ 1,904 $ 1,758 Intrinsic value of share options exercised $ 6,205 $ 5,152 $ 5,472 As of December 31, 2016, there was no unrecognized compensation costs related to share options under the 2006 Share Incentive Plan. 2011 Share Incentive Plan The Company adopted the 2011 Share Incentive Plan, effective on December 7, 2011 and was subsequently amended and restated, for grants of various share-based awards, including but not limited to, options to purchase the Company’s ordinary shares, restricted shares, share appreciation rights and other types of awards to eligible directors, employees and consultants of the Group and its affiliates. The maximum term of an award is 10 years from the date of the grant. The maximum aggregate number of ordinary shares to be available for all awards under the 2011 Share Incentive Plan is 100,000,000 over 10 years, which could be raised up to 10% of the issued share capital upon shareholders’ approval. As of December 31, 2016, there were 80,981,010 ordinary shares available for grants of various share-based awards under the 2011 Share Incentive Plan. Share Options During the year ended December 31, 2016, the exercise price for share options granted under the 2011 Share Incentive Plan was determined at the market closing price of the Company’s ADS trading on the NASDAQ Global Select Market on the date of grant. During the years ended December 31, 2015 and 2014, the exercise price for share options granted under the 2011 Share Incentive Plan was determined at the higher of the closing price at the date of grant and the average closing price for the five trading dates preceding the date of grant of the Company’s ordinary shares trading on the Hong Kong Stock Exchange. These share options became exercisable over vesting periods of three years. The share options granted expire 10 years from the date of grant. The Group uses the Black-Scholes valuation model to determine the estimated fair value for each share option granted, with highly subjective assumptions, changes in which could materially affect the estimated fair value. Dividend yield is based on the estimate of annual dividends expected to be paid at the time of grant. Expected volatility is based on the historical volatility of the Company’s ADS trading on the NASDAQ Global Select Market. Expected term is based upon the vesting term or the historical of expected term of publicly traded companies. The risk-free interest rate used for each period presented is based on the United States of America Treasury yield curve at the time of grant for the period equal to the expected term. The fair value of share options granted under the 2011 Share Incentive Plan was estimated on the date of grant using the following weighted average assumptions: Year Ended December 31, 2016 2015 2014 Expected dividend yield 1.00 % 1.40 % 1.11 % Expected stock price volatility 46.08 % 57.86 % 69.56 % Risk-free interest rate 1.47 % 1.59 % 2.04 % Expected term (years) 5.6 6.1 6.1 On March 18, 2016, the Board of Directors of the Company approved a modification to lower the exercise prices and extend the vesting periods of certain outstanding underwater share options held by active employees as of March 18, 2016. Share options eligible for modification were those that were granted during the years ended December 2015, 2014 and 2013 under the 2011 Share Incentive Plan, including those unvested, or vested but not exercised. The total of 4,572,234 eligible share options were modified with an exercise price of $17.27 per ADS or $5.7567 per share, which was the closing price of the Company’s ADS trading on the NASDAQ Global Select Market on the date of modification. The vesting period for the relevant share options (including certain vested share options) was extended as part of the modification. The number of the Company’s ordinary share subject to the modified share options and the expiration dates of such modified share options will remain the same as the original share options. A total incremental share-based compensation expense resulting from the modification was approximately $689, representing the excess of the fair value of the modified share options, using Black-Scholes valuation model, over the fair value of the share options immediately before its modification. The incremental share-based compensation expense and the unrecognized compensation costs remaining from the original share options are being recognized on a straight-line basis over a new vesting period of three years from the date of modification. The significant weighted average assumptions used to determine the fair value of the modified share options includes expected dividend of 1%, expected stock price volatility of 45.8%, risk-free interest rate of 1.31% and expected term of 5.6 years. A summary of share options activity under the 2011 Share Incentive Plan for the year ended December 31, 2016, is presented below: Number Weighted Weighted Aggregate Outstanding as of January 1, 2016 6,272,967 $ 7.98 Granted 4,951,014 5.74 Granted under modification 4,572,234 5.76 Canceled under modification (4,572,234 ) 9.02 Exercised (46,320 ) 4.70 Forfeited (272,537 ) 7.37 Expired (52,773 ) 8.42 Outstanding as of December 31, 2016 10,852,351 $ 5.61 8.00 $ 887 Vested as of December 31, 2016 1,447,767 $ 4.70 5.24 $ 873 Expected to vest as of December 31, 2016 9,404,584 $ 5.75 8.43 $ 14 Exercisable as of December 31, 2016 1,447,767 $ 4.70 5.24 $ 873 The following is provided for share options under the 2011 Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value (excluding options granted under modification) $ 2.29 $ 3.45 $ 7.11 Proceeds from the exercise of share options $ 218 $ 511 $ 397 Intrinsic value of share options exercised $ 28 $ 98 $ 232 As of December 31, 2016, there was $14,519 unrecognized compensation costs related to share options under the 2011 Share Incentive Plan and the costs were expected to be recognized over a weighted average period of 2.23 years. Restricted Shares During the years ended December 31, 2016, 2015 and 2014, the grant date fair value for restricted shares granted under the 2011 Share Incentive Plan, with vesting periods of three years, was determined with reference to the market closing price of the Company’s ADS trading on the NASDAQ Global Select Market on the date of grant. A summary of restricted shares activity under the 2011 Share Incentive Plan for the year ended December 31, 2016, is presented below: Number of Weighted Unvested as of January 1, 2016 2,234,690 $ 8.80 Granted 3,160,176 5.74 Vested (321,531 ) 8.56 Forfeited (182,238 ) 6.95 Unvested as of December 31, 2016 4,891,097 $ 6.91 The following is provided for restricted shares under the 2011 Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value $ 5.74 $ 7.24 $ 12.42 Grant date fair value of restricted shares vested $ 2,751 $ 3,809 $ 3,821 As of December 31, 2016, there was $17,250 unrecognized compensation costs related to restricted shares under the 2011 Share Incentive Plan and the costs were expected to be recognized over a weighted average period of 1.94 years. MCP Share Incentive Plan MCP adopted a share incentive plan (the “MCP Share Incentive Plan”), effective on June 24, 2013 and was subsequently amended and restated, for grants of various share-based awards, including but not limited to, options to purchase the MCP common shares, restricted shares, share appreciation rights and other types of awards to eligible directors, employees and consultants of MCP and its subsidiaries, and the Group and its affiliates. The maximum term of an award is 10 years from the date of grant. The maximum aggregate number of common shares to be available for all awards under the MCP Share Incentive Plan is 442,630,330 shares and with up to 5% of the issued capital stock of MCP from time to time over 10 years. As of December 31, 2016, there were 163,597,467 MCP common shares available for grants of various share-based awards under the MCP Share Incentive Plan. Share Options There was no share options granted under the MCP Share Incentive Plan during the year ended December 31, 2016. During the year ended December 31, 2015, the exercise price for share options granted under the MCP Share Incentive Plan was determined with reference to the market closing price of MCP common shares on the date of grant. During the year ended December 31, 2014, there were 9,543,186 share options granted under the MCP Share Incentive Plan, the exercise price for 4,861,003 share options granted was determined at the higher of the closing price of MCP common shares on the date of grant and the average closing price for the five trading days preceding the date of grant, and the exercise price for 4,682,183 share options granted was fixed at $0.19 per share, with the same exercise price with the share options granted under the MCP Share Incentive Plan on June 28, 2013 as approved by MCP’s management that these personnel would contribute significantly to the pre-opening MCP uses the Black-Scholes valuation model to determine the estimated fair value for each share option granted, with highly subjective assumptions, changes in which could materially affect the estimated fair value. Dividend yield is based on the estimate of annual dividends expected to be paid at the time of grant. Expected volatility is based on the historical volatility of a peer group of publicly traded companies. Expected term is based upon the vesting term or the historical of expected term of the Company. The risk-free interest rate used for each period presented is based on the Philippine Government bond yield at the time of grant for the period equal to the expected term. The fair value of share options granted under the MCP Share Incentive Plan was estimated on the date of grant using the following weighted average assumptions: Year Ended December 31, 2015 2014 Expected dividend yield — — Expected stock price volatility 45.00 % 40.00 % Risk-free interest rate 4.08 % 3.77 % Expected term (years) 5.4 5.2 On August 2, 2016, the board of MCP approved a proposal to allow for an option exchange program, designed to provide the eligible personnel an opportunity to exchange certain outstanding underwater share options for new restricted shares to be granted (the “Option Exchange Program”). Share options eligible for exchange were those that were granted during the years ended December 31, 2013 and 2014 under the MCP Share Incentive Plan, including those unvested, or vested but not exercised. The acquiescence of the Philippine SEC on the Option Exchange Program was obtained by MCP on September 30, 2016. The exchange was subject to the eligible personnel’s consent and became effective on October 21, 2016, which was the deadline for acceptance of the exchange by the eligible personnel. A total of 96,593,629 eligible share options were tendered by eligible personnel, representing 99.2% of the total share options eligible for exchange. MCP granted an aggregate of 43,700,116 new restricted shares in exchange for the eligible share options surrendered. The new restricted shares have vesting periods of 3 years. A total incremental share-based compensation expense resulting from the Option Exchange Program was approximately $883, representing the excess of the fair value of the new restricted shares over the fair value of the surrendered share options immediately before the exchange. The fair value of the new restricted shares is determined with reference to the market closing price of the MCP common shares at the effective date of the exchange. The incremental share-based compensation expense and unrecognized compensation costs remaining from the surrendered share options as a result of the exchange are being recognized on a straight-line basis over the new vesting period. A summary of share options activity under the MCP Share Incentive Plan for the year ended December 31, 2016, is presented below: Number Weighted Weighted Aggregate Outstanding as of January 1, 2016 124,710,632 $ 0.17 Forfeited (6,850,299 ) 0.19 Canceled under Option Exchange Program (96,593,629 ) 0.17 Expired (8,891,994 ) 0.18 Outstanding as of December 31, 2016 12,374,710 $ 0.11 7.86 $ 44 Vested as of December 31, 2016 7,277,311 $ 0.15 7.15 $ 11 Expected to vest as of December 31, 2016 5,097,399 $ 0.07 8.88 $ 33 Exercisable as of December 31, 2016 7,277,311 $ 0.15 7.15 $ 11 The following is provided for share options under the MCP Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value $ — $ 0.03 $ 0.14 As of December 31, 2016, there was $136 unrecognized compensation costs related to share options under the MCP Share Incentive Plan and the costs were expected to be recognized over a weighted average period of 1.87 years. Restricted Shares During the years ended December 31, 2015 and 2014, the grant date fair value for restricted shares granted under the MCP Share Incentive Plan, with vesting periods generally of three years, was determined with reference to the market closing price of the MCP common shares on the date of grant. A summary of restricted shares activity under the MCP Share Incentive Plan for the year ended December 31, 2016, is presented below: Number of Weighted Unvested as of January 1, 2016 28,531,215 $ 0.17 Granted under Option Exchange Program 43,700,116 0.09 Vested (19,541,800 ) 0.17 Forfeited (3,433,823 ) 0.20 Unvested as of December 31, 2016 49,255,708 $ 0.09 The following is provided for restricted shares under the MCP Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value $ — $ 0.08 $ 0.29 Grant date fair value of restricted shares vested $ 3,280 $ 6,989 $ — As of December 31, 2016, there was $1,251 unrecognized compensation costs related to restricted shares under the MCP Share Incentive Plan and the costs were expected to be recognized over a weighted average period of 2.31 years. The share-based compensation cost for the Group was recognized as follows: Year Ended December 31, 2016 2015 2014 Share-based compensation cost: 2006 Share Incentive Plan $ — $ — $ 1,071 2011 Share Incentive Plan 16,399 13,734 11,505 MCP Share Incentive Plan 2,088 7,093 7,825 Total share-based compensation expenses recognized in general and administrative expenses $ 18,487 $ 20,827 $ 20,401

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
EMPLOYEE BENEFIT PLANS	18. EMPLOYEE BENEFIT PLANS The Group provides defined contribution plans for its employees and executive officers in Macau, Hong Kong, the Philippines and certain other jurisdictions. Macau Employees employed by the Group in Macau are members of government-managed Social Security Fund Scheme (the “SSF Scheme”) which is operated by the Macau Government and the Group is required to pay a monthly fixed contribution to the SSF Scheme to fund the benefits. The Group provides options for its qualifying employees in Macau to participate in voluntary defined contribution schemes (the “Macau Schemes”) which are operated by the Group in Macau. The Group either contributes a fixed percentage of the eligible employees’ base salaries, a fixed amount or an amount which matches the contributions of the employees up to a certain percentage of base salaries, determined by seniority, tenure and the type of plan, to the Macau Schemes. The Group’s contributions to the Macau Schemes are vested in accordance to a vesting schedule, achieving full vesting 10 years from the date of employment. The Macau Schemes were established under trust with the fund assets being held separately from those of the Group by independent trustees in Macau. Hong Kong Executive officers, employees employed by the Group in Hong Kong and certain employees employed by the Group in other jurisdictions are members of Mandatory Provident Fund Schemes (the “MPF Schemes”) which are operated by the Group in Hong Kong. The Group provides options for its qualifying employees to participate in voluntary contribution plan of the MPF Schemes. The Group is required to contribute a certain percentage of the executive officers’ and employees’ base salaries, determined by seniority, tenure and the type of plan, to the MPF Schemes, which included the Group’s mandatory portion. The excess of contributions over the Group’s mandatory portion are treated as the Group’s voluntary contribution and are vested in accordance to a vesting schedule, achieving full vesting 10 years from the date of employment. The Group’s mandatory contributions to the MPF Schemes are fully and immediately vested to the executive officers and employees once they are paid. The MPF Schemes were established under trust with the fund assets being held separately from those of the Group by independent trustees in Hong Kong. The Philippines Employees employed by MCP Group in the Philippines are members of government-managed Social Security System Scheme (the “SSS Scheme”) which is operated by the Philippine Government and MCP Group is required to pay a certain percentage of the employees’ relevant income and met the minimum mandatory requirements of the SSS Scheme to fund the benefits. Other Jurisdictions The Group’s subsidiaries in certain other jurisdictions operate a number of defined contribution schemes. Contributions to the defined contribution schemes applicable to each year are made at a certain percentage of the employees’ relevant income and met the minimum mandatory requirements. The obligations of the Group with respect to the above retirement benefits schemes are to make the required contributions under the schemes. During the years ended December 31, 2016, 2015 and 2014, the Group’s contributions into the defined contribution plans were $16,105, $18,295 and $14,823, respectively.

DISTRIBUTION OF PROFITS

DISTRIBUTION OF PROFITS	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
DISTRIBUTION OF PROFITS	19. DISTRIBUTION OF PROFITS All subsidiaries of the Company incorporated in Macau are required to set aside a minimum of 10% to 25% of the entity’s profit after taxation to the legal reserve until the balance of the legal reserve reaches a level equivalent to 25% to 50% of the entity’s share capital in accordance with the provisions of the Macau Commercial Code. The legal reserve sets aside an amount from the subsidiaries’ statements of operations and is not available for distribution to the shareholders of the subsidiaries. The appropriation of legal reserve is recorded in the subsidiaries’ financial statements in the year in which it is approved by the board of directors of the relevant subsidiaries. As of December 31, 2016 and 2015, the balance of the reserve amounted to $31,202 and $31,202, respectively. The Group’s borrowings, subject to certain exceptions and conditions, contain certain restrictions on paying dividends and other distributions, as defined in the respective indentures governing the relevant senior notes, credit facility agreements and other associated agreements, details of which are disclosed in Note 11 under each of the respective borrowings.

DIVIDENDS

DIVIDENDS	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure Abstract
DIVIDENDS	20. DIVIDENDS On February 25, 2014, the Company’s Board of Directors adopted a dividend policy (the “2014 Dividend Policy”), pursuant to which the Company intended, subject to its capacity to pay from accumulated and future earnings, cash availability and future commitments, to provide its shareholders with quarterly dividends of approximately 30% of the Company’s consolidated net income attributable to Melco Resorts & Entertainment Limited for the relevant quarter, effective from the first quarter of 2014. The 2014 Dividend Policy also allowed the Company to declare special dividends from time to time in addition to the quarterly dividends. On January 12, 2017, the Company’s Board of Directors amended the 2014 Dividend Policy to one targeting a quarterly cash dividend payment of $0.03 per ordinary share of the Company, subject to the Company’s capacity to pay from accumulated and future earnings, cash availability and future commitments (the “2017 Dividend Policy”), effective from the fourth quarter of 2016. On March 16, 2016, the Company paid a special dividend of $0.2146 per share and recorded $108,639 and $238,586 as a distribution against additional paid-in On May 31, 2016, August 31, 2016 and November 30, 2016, the Company paid quarterly dividends of $0.0073, $0.0063 and $0.0126 per share, respectively, and recorded $38,344 as a distribution against retained earnings. The total amount of special and quarterly dividends of $385,569 were paid during the year ended December 31, 2016. On March 16, 2015, June 5, 2015, September 4, 2015 and December 4, 2015, the Company paid quarterly dividends of $0.0171, $0.0112, $0.0045 and $0.0061 per share, respectively. During the year ended December 31, 2015, the Company recorded $62,850 as a distribution against retained earnings. On April 16, 2014, the Company paid a special dividend of $0.1147 per share and recorded $189,459 as a distribution against additional paid-in On June 6, 2014, September 4, 2014 and December 4, 2014, the Company paid quarterly dividends of $0.0431, $0.0259 and $0.0239 per share, respectively. During the year ended December 31, 2014, the Company recorded $153,259 as a distribution against retained earnings. The total amount of special and quarterly dividends of $342,718 were paid during the year ended December 31, 2014. On January 12, 2017, a special dividend of $0.4404 per share was declared by the Board of Directors of the Company under the 2017 Dividend Policy and was paid to the shareholders of records as of January 23, 2017. On February 16, 2017, a quarterly dividend of $0.03 per share has been declared by the Board of Directors of the Company under the 2017 Dividend Policy and was paid in March 2017 to the shareholders of records as of February 27, 2017.

REGULAR LICENSE, COOPERATION AG

REGULAR LICENSE, COOPERATION AGREEMENT, OPERATING AGREEMENT AND MCP LEASE AGREEMENT FOR CITY OF DREAMS MANILA	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
REGULAR LICENSE, COOPERATION AGREEMENT, OPERATING AGREEMENT AND MCP LEASE AGREEMENT FOR CITY OF DREAMS MANILA	21. REGULAR LICENSE, COOPERATION AGREEMENT, OPERATING AGREEMENT AND MCP LEASE AGREEMENT FOR CITY OF DREAMS MANILA (a) Regular License As of March 13, 2013, PAGCOR allowed the inclusion of, amongst others, MCE Leisure as a co-licensee, co-licensees co-licensees On January 30, 2015, MCE Leisure applied to PAGCOR for the issuance of the regular casino gaming license (the “Regular License”) for City of Dreams Manila as the Licensees satisfied the investment commitment under the terms of the Provisional License. PAGCOR issued the Regular License dated April 29, 2015 in replacement of the Provisional License to the Licensees for the operation of City of Dreams Manila. The Regular License has the same terms and conditions as the Provisional License, and is valid until July 11, 2033. Further details of the terms and commitments under the Regular License are included in Note 22(c). (b) Cooperation Agreement On March 13, 2013, a cooperation agreement (the “Cooperation Agreement”) and other related arrangements which were entered on October 25, 2012 among MCE Holdings Group, SMIC and certain of its subsidiaries (collectively the “SM Group”), Belle and PLAI became effective upon completion of the closing arrangement conditions, with minor changes to the original terms (except for certain provisions which were effective on signing). The Cooperation Agreement governs the relationship and the rights and obligations of the Licensees. Under the Cooperation Agreement, MCE Leisure has been designated as the operator to operate City of Dreams Manila and appointed as the sole and exclusive representative of the Licensees in connection with the Regular License and the operation and management of City of Dreams Manila until the expiry of the Regular License (currently expected to be on July 11, 2033 or unless terminated earlier in accordance with its terms). Further details of the commitments under the Cooperation Agreement are included in Note 22(c). (c) Operating Agreement On March 13, 2013, the Licensees entered into an operating agreement (the “Operating Agreement”) which governs the operation and management of City of Dreams Manila by MCE Leisure. The Operating Agreement was effective on March 13, 2013 and ends on the date of expiry of the Regular License (as that Regular License is extended, restored or renewed) (currently expected to be on July 11, 2033 or, unless terminated earlier in accordance with the terms of the Operating Agreement). Under the Operating Agreement, MCE Leisure is appointed as the sole and exclusive operator and manager of City of Dreams Manila, and is responsible for, and has sole discretion (subject to certain exceptions) and control over, all matters relating to the management and operation of City of Dreams Manila (including the casino and gaming operations, hotel and retail components and all other activities necessary, desirable or incidental for the management and operation of City of Dreams Manila). The Operating Agreement also included terms of certain payments to PLAI upon commencement of operations of City of Dreams Manila in December 2014, in particular, PLAI has the right to receive monthly payments from MCE Leisure, based on the performance of gaming operations of City of Dreams Manila and was included in “Payments to the Philippine Parties” in the consolidated statements of operations, and MCE Leisure has the right to retain all revenues from non-gaming (d) MCP Lease Agreement The MCP Lease Agreement entered into between MCE Leisure and Belle, and was subsequently amended from time to time, became effective on March 13, 2013. Under the MCP Lease Agreement, Belle agreed to lease to MCE Leisure the land and certain of the building structures for City of Dreams Manila. The lease continues until termination of the Operating Agreement (currently expected to be on July 11, 2033 or unless terminated earlier in accordance with its terms). The leased property is used by MCE Leisure and any of its affiliates exclusively as a hotel, casino and resort complex with retail, entertainment, convention, exhibition, food and beverages services as well as other activities ancillary, related or incidental to the operation of any of the preceding uses.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	22. COMMITMENTS AND CONTINGENCIES (a) Capital Commitments As of December 31, 2016, the Group had capital commitments contracted for but not incurred mainly for the construction and acquisition of property and equipment for City of Dreams totaling $317,185. (b) Lease Commitments and Other Arrangements Operating Leases – As a Lessee The Group leased a portion of land for City of Dreams Manila, Mocha Clubs sites, office space, warehouses, staff quarters and various equipment under non-cancelable operating lease agreements that expire at various dates through July 2033. Certain lease agreements provide for periodic rental increases based on both contractual agreed incremental rates and on the general inflation rate once agreed by the Group and its lessor and in some cases contingent rental expenses stated as a percentage of turnover. During the years ended December 31, 2016, 2015 and 2014, the Group incurred rental expenses amounting to $37,349, $39,667 and $32,829, respectively, which consisted of minimum rental expenses of $32,228, $32,864 and $25,374 and contingent rental expenses of $5,121, $6,803 and $7,455, respectively. As of December 31, 2016, minimum lease payments under all non-cancelable leases were as follows: Year ending December 31, 2017 $ 24,474 2018 23,738 2019 23,213 2020 16,167 2021 15,631 Over 2021 62,177 $ 165,400 As Grantor of Operating and Right To Use Arrangement The Group entered into non-cancelable operating and right to use agreements mainly for mall spaces in the sites of City of Dreams, City of Dreams Manila and Studio City with various retailers that expire at various dates through October 2025. Certain of the operating and right to use agreements include minimum base fees with escalated contingent fee clauses. During the years ended December 31, 2016, 2015 and 2014, the Group earned contingent fees of $23,461, $12,898 and $17,497, respectively. As of December 31, 2016, minimum future fees to be received under all non-cancelable operating and right to use agreements were as follows: Year ending December 31, 2017 $ 13,938 2018 25,042 2019 20,935 2020 14,246 Over 2021 2,779 $ 76,940 The total minimum future fees do not include the escalated contingent fee clauses. (c) Other Commitments Gaming Subconcession On September 8, 2006, the Macau Government granted a gaming subconcession to Melco Crown Macau to operate the gaming business in Macau. Pursuant to the gaming subconcession agreement, Melco Crown Macau has committed to pay the Macau Government the following: i) A fixed annual premium of $3,744 (MOP30,000,000). ii) A variable premium depending on the number and type of gaming tables and gaming machines that the Group operates. The variable premium is calculated as follows: • $37 (MOP300,000) per year for each gaming table (subject to a minimum of 100 tables) reserved exclusively for certain kind of games or to certain players; • $19 (MOP150,000) per year for each gaming table (subject to a minimum of 100 tables) not reserved exclusively for certain kind of games or to certain players; and • $0.1 (MOP1,000) per year for each electrical or mechanical gaming machine, including the slot machine. iii) A special gaming tax of an amount equal to 35% of the gross revenues of the gaming business operations on a monthly basis. iv) A sum of 4% of the gross revenues of the gaming business operations to utilities designated by the Macau Government (a portion of which must be used for promotion of tourism in Macau) on a monthly basis. v) Melco Crown Macau must maintain a guarantee issued by a Macau bank in favor of the Macau Government in a maximum amount of $37,437 (MOP300,000,000) until the 180th day after the termination date of the gaming subconcession. As a result of the bank guarantee given by the bank to the Macau Government as disclosed in Note 22(c)(v) above, a sum of 1.75% of the guarantee amount will be payable by Melco Crown Macau quarterly to such bank. Land Concession Contracts The Company’s subsidiaries have entered into concession contracts for the land in Macau on which Altira Macau, City of Dreams and Studio City properties and development projects are located. The title to the land lease right is obtained once the related land concession contract is published in the Macau official gazette. The contracts have a term of 25 years, which is renewable for further consecutive periods of 10 years, subject to applicable legislation in Macau. The Company’s land holding subsidiaries are required to i) pay an upfront land premium, which is recognized as land use right in the consolidated balance sheets and a nominal annual government land use fee, which is recognized as general and administrative expense and may be adjusted every five years; and ii) place a guarantee deposit upon acceptance of the land lease terms, which is subject to adjustments from time to time in line with the amounts paid as annual land use fee. During the land concession term, amendments have been sought which have or will result in revisions to the development conditions, land premium and government land use fees. Altira Macau On December 18, 2013, the Macau Government published in the Macau official gazette the final amendment for revision of the land concession contract for Taipa Land on which Altira Macau is located. According to the revised land amendment, the government land use fees were $186 per annum. As of December 31, 2016, the Group’s total commitment for government land use fees for Altira Macau site to be paid during the remaining term of the land concession contract which expires in March 2031 was $2,631. City of Dreams On January 29, 2014, the Macau Government published in the Macau official gazette the final amendment for revision of the land concession contract for Cotai Land on which City of Dreams is located. The amendment required an additional land premium of approximately $23,344, which was fully paid in January 2016. As of December 31, 2015, the total outstanding balance of the land premium was included in accrued expenses and other current liabilities in an amount of $3,788. According to the revised land amendment, the government land use fees were $1,185 per annum during the development period of additional hotel at City of Dreams; and $1,235 per annum after the completion of the development. As of December 31, 2016, the Group’s total commitment for government land use fees for City of Dreams site to be paid during the remaining term of the land concession contract which expires in August 2033 was $20,431. Studio City On September 23, 2015, the Macau Government published in the Macau official gazette the final amendment for revision of the land concession contract for Studio City Land on which Studio City is located. Such amendment reflected the change to build a five-star hotel to a four-star hotel. According to the revised land amendment, the government land use fees were $490 per annum during the development period of Studio City; and $1,131 per annum after the development period. As of December 31, 2016, the Group’s total commitment for government land use fees for Studio City site to be paid during the remaining term of the land concession contract which expires in October 2026 was $10,034. In October 2016, the Group filed an application with the Macau government requesting an extension of the development period under the land concession contract for Studio City Land. Such application is being reviewed by the Macau government as of the date of this report. Regular License PAGCOR issued the Regular License dated April 29, 2015 in replacement of the Provisional License to the Licensees for the operation of City of Dreams Manila. Other commitments required by PAGCOR under the Regular License included as follows: • To secure a surety bond in favor of PAGCOR in the amount of PHP100,000,000 (equivalent to $2,008) to ensure prompt and punctual remittance/payment of all license fees. • License fees must be remitted on a monthly basis, in lieu of all taxes with reference to the income component of the gross gaming revenues: (a) 15% high roller tables; (b) 25% non-high For taxable periods prior to April 1, 2014, under the terms of the Regular License, PAGCOR and the Licensees agreed the license fees that are paid to PAGCOR by the Licensees are in lieu of all taxes with reference to the income component of the gross gaming revenues. In May 2014, PAGCOR temporarily allowed the Licensees to reallocate 10% of the license fees for payment of Philippine Corporate Income Tax effective from April 1, 2014. The said reallocation of 10% of the license fees was required to be used for subsidizing the payment of Philippine Corporate Income Tax and any portion not used for such payment must be paid to PAGCOR as an annual true-up No. 33-2013 No. 33-2013 • The Licensees are required to remit 2% of casino revenues generated from non-junket • PAGCOR may collect a 5% fee of non-gaming • Grounds for revocation of the Regular License, among others, are as follows: (a) failure to comply with material provision of this license; (b) failure to remit license fees within 30 days from receipt of notice of default; (c) has become bankrupt or insolvent; and (d) if the debt-to-equity debt-to-equity Cooperation Agreement Under the terms of the Cooperation Agreement, the Licensees are jointly and severally liable to PAGCOR under the Regular License and each Licensee (indemnifying Licensee) must indemnify the other Licensees for any loss suffered or incurred by that Licensees arising out of, or in connection with, any breach by the indemnifying Licensee of the Regular License. Also, each of the Philippine Parties and MCE Holdings Group agree to indemnify the non-breaching (d) Guarantees Except as disclosed in Note 11, the Group has made the following significant guarantees as of December 31, 2016: • Melco Crown Macau has issued a promissory note (“Livrança”) of $68,635 (MOP550,000,000) to a bank in respect of the bank guarantee issued to the Macau Government under gaming subconcession to the consolidated financial statements. • The Company has entered into two deeds of guarantee with third parties amounted to $35,000 to guarantee certain payment obligations of the City of Dreams’ operations. • In October 2013, Studio City Developments Limited entered into a trade credit facility of HK$200,000,000 (equivalent to $25,707) (“Trade Credit Facility”) with a bank to meet certain payment obligations of the Studio City project. The Trade Credit Facility is available until August 31, 2017 and guaranteed by Studio City Company. As of December 31, 2016, approximately $643 of the Trade Credit Facility had been utilized. • MCE Leisure has issued a corporate guarantee of PHP100,000,000 (equivalent to $2,008) to a bank in respect of the surety bond issued to PAGCOR as disclosed in Note 22(c) under Regular License. (e) Litigation On August 12, 2014, a subsidiary’s Taiwan branch office and certain of its employees received indictment from the Taipei District Prosecutors Office for alleged violations of certain Taiwan banking and foreign exchange laws. In October 2015, the Taipei District Court rendered a not guilty verdict in favor of all defendants, on all charges alleging violation of Taiwan banking and foreign exchange laws. The Taipei District Court also lifted the freeze order on a deposit account in October 2015 and such deposit was released from restricted cash upon lifting of the freeze order. In October 2015, the prosecutor appealed the Taipei District Court’s not guilty judgment. In June 2016, the Taiwan High Court dismissed the prosecutor’s appeal, affirmed the not guilty verdict in favor of the Taiwan branch office and its employees. Following the Taiwan High Court’s decision, the prosecutor has not filed a further appeal, and as of December 31, 2016, the deadline for such appeal has lapsed under the relevant local statute. As of December 31, 2016, the Group is a party to certain other legal proceedings which relate to matters arising out of the ordinary course of its business. Management believes that the outcome of such proceedings would have no material impact on the Group’s financial statements as a whole.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	23. RELATED PARTY TRANSACTIONS During the years ended December 31, 2016, 2015 and 2014, the Group entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2016 2015 2014 Transactions with affiliated companies Crown’s subsidiaries and its associated company Consultancy and software license fee expense $ 1,699 $ 773 $ 699 Purchase of property and equipment 138 771 830 Short film production cost (4) — — 15,619 Lisboa Holdings Limited (“Lisboa”) (1) Office rental expense 1,377 1,597 1,810 Melco International’s subsidiaries and its associated company Management fee expense (2) 1,191 1,177 1,321 Purchase of property and equipment 315 7,758 2,852 Other service fee income 1,221 1,609 632 Shun Tak Holdings Limited and its subsidiaries and associated company (collectively referred to as the “Shun Tak Group”) (1) Office rental expense 280 238 199 Traveling expense (3) 3,890 3,685 3,641 Sky Shuttle Helicopters Limited (“Sky Shuttle”) (1) Traveling expense 920 1,021 1,399 Sociedade de Jogos de Macau S.A. (“SJM”) (1) Traveling expense (3) 340 395 515 Sociedade de Turismo e Diversões de Macau, S.A. and its subsidiaries (collectively referred to as the “STDM Group”) (1) Office rental expense 1,452 1,451 1,457 Notes (1) Companies in which a relative/relatives of Mr. Lawrence Yau Lung Ho, the Company’s Chief Executive Officer, has/have beneficial interests. (2) Management fee expense including the Company’s reimbursement to Melco International’s subsidiary for service fees incurred on its behalf for the operation of the office of the Company’s Chief Executive Officer. (3) Traveling expenses including ferry and hotel accommodation services within Hong Kong and Macau. (4) The amounts represent short film production cost pursuant to an assignment agreement entered into by a subsidiary of the Company and a subsidiary of Crown for assigning exclusively to a subsidiary of the Company a 50% share of a short film and all related elements. The short film was produced for the purpose of promoting the Company’s properties in Asia and Crown’s properties in Australia. (a) Amounts Due From Affiliated Companies The outstanding balances arising from operating income or prepayment of operating expenses as of December 31, 2016 and 2015 are as follows: December 31, 2016 2015 Melco International’s subsidiaries $ 1,012 $ 1,174 Crown and its subsidiary 90 — Shun Tak Group 1 1 $ 1,103 $ 1,175 The outstanding balances due from affiliated companies as of December 31, 2016 and 2015 as mentioned above are unsecured, non-interest (b) Amounts Due To Affiliated Companies The outstanding balances arising from operating expenses and expenses paid by affiliated companies on behalf of the Group as of December 31, 2016 and 2015 are as follows: December 31, 2016 2015 Crown’s subsidiary and associated company $ 2,063 $ 1,935 Shun Tak Group 519 231 Sky Shuttle 238 87 Melco International and its subsidiaries 88 — SJM 75 98 STDM Group 33 87 Lisboa 12 26 $ 3,028 $ 2,464 The outstanding balances due to affiliated companies as of December 31, 2016 and 2015 as mentioned above are unsecured, non-interest

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	24. SEGMENT INFORMATION The Group is principally engaged in the gaming and hospitality business in Asia and its principal operating and developmental activities occur in two geographic areas: Macau and the Philippines. The chief operating decision maker monitors its operations and evaluates earnings by reviewing the assets and operations of Mocha Clubs, Altira Macau, City of Dreams, Studio City, which commenced operations on October 27, 2015, and City of Dreams Manila, which commenced operations on December 14, 2014. Taipa Square Casino is included within Corporate and Others. The Group’s segment information for total assets and capital expenditures is as follows: Total Assets December 31, 2016 2015 2014 Macau: Mocha Clubs $ 135,707 $ 145,631 $ 173,150 Altira Macau 473,731 496,455 501,105 City of Dreams 3,193,895 3,183,460 3,133,680 Studio City 3,466,291 3,769,284 3,902,717 Sub-total 7,269,624 7,594,830 7,710,652 The Philippines: City of Dreams Manila 825,247 941,926 1,064,459 Corporate and Others 1,245,470 1,725,553 1,485,669 Total consolidated assets $ 9,340,341 $ 10,262,309 $ 10,260,780 Capital Expenditures Year Ended December 31, 2016 2015 2014 Macau: Mocha Clubs $ 7,763 $ 6,446 $ 13,116 Altira Macau 3,031 18,404 21,984 City of Dreams 359,258 331,503 264,922 Studio City 62,754 968,696 907,455 Sub-total 432,806 1,325,049 1,207,477 The Philippines: City of Dreams Manila 3,621 98,884 405,196 Corporate and Others 1,485 31,909 24,632 Total capital expenditures $ 437,912 $ 1,455,842 $ 1,637,305 The Group’s segment information and reconciliation to net income attributable to Melco Resorts & Entertainment Limited is as follows: Year Ended December 31, 2016 2015 2014 NET REVENUES Macau: Mocha Clubs $ 120,491 $ 136,217 $ 147,373 Altira Macau 439,127 574,848 744,850 City of Dreams 2,590,824 2,794,673 3,848,623 Studio City 838,179 125,303 1,767 Sub-total 3,988,621 3,631,041 4,742,613 The Philippines: City of Dreams Manila 491,235 300,409 7,564 Corporate and Others 39,540 43,350 52,132 Total net revenues $ 4,519,396 $ 3,974,800 $ 4,802,309 ADJUSTED PROPERTY EBITDA (1) Macau: Mocha Clubs $ 23,789 $ 30,259 $ 36,337 Altira Macau 5,116 36,261 84,795 City of Dreams 742,291 798,504 1,165,632 Studio City 155,985 11,594 (1,296 ) Sub-total 927,181 876,618 1,285,468 The Philippines: City of Dreams Manila 160,336 55,366 6 Total adjusted property EBITDA 1,087,517 931,984 1,285,474 OPERATING COSTS AND EXPENSES Payments to the Philippine Parties (34,403 ) (16,547 ) (870 ) Pre-opening (3,883 ) (168,172 ) (90,556 ) Development costs (95 ) (110 ) (10,734 ) Amortization of gaming subconcession (57,237 ) (57,237 ) (57,237 ) Amortization of land use rights (22,816 ) (54,056 ) (64,471 ) Depreciation and amortization (472,219 ) (359,341 ) (246,686 ) Land rent to Belle (3,327 ) (3,476 ) (3,562 ) Share-based compensation (18,487 ) (20,827 ) (20,401 ) Property charges and others (5,298 ) (38,068 ) (8,698 ) Net gain on disposal of property and equipment to Belle 8,134 — — Gain on disposal of assets held for sale — — 22,072 Corporate and Others expenses (114,770 ) (115,735 ) (118,971 ) Total operating costs and expenses (724,401 ) (833,569 ) (600,114 ) OPERATING INCOME $ 363,116 $ 98,415 $ 685,360 Year Ended December 31, 2016 2015 2014 NON-OPERATING Interest income $ 5,951 $ 13,900 $ 20,025 Interest expenses, net of capitalized interest (223,567 ) (118,330 ) (124,090 ) Amortization of deferred financing costs (48,345 ) (38,511 ) (28,055 ) Loan commitment and other finance fees (7,451 ) (7,328 ) (18,976 ) Foreign exchange gains (losses), net 7,356 (2,156 ) (6,155 ) Other income, net 3,572 2,317 2,313 Loss on extinguishment of debt (17,435 ) (481 ) — Costs associated with debt modification (8,101 ) (7,603 ) — Total non-operating (288,020 ) (158,192 ) (154,938 ) INCOME (LOSS) BEFORE INCOME TAX 75,096 (59,777 ) 530,422 INCOME TAX EXPENSE (8,178 ) (1,031 ) (3,036 ) NET INCOME (LOSS) 66,918 (60,808 ) 527,386 NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 108,988 166,555 80,894 NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED $ 175,906 $ 105,747 $ 608,280 Note (1) “Adjusted property EBITDA” is earnings before interest, taxes, depreciation, amortization, pre-opening non-operating The Group’s geographic information for long-lived assets is as follows: Long-lived Assets December 31, 2016 2015 2014 Macau $ 6,330,624 $ 6,355,934 $ 5,366,692 The Philippines 533,477 691,729 728,999 Hong Kong and other foreign countries 1,493 2,390 1,817 Total long-lived assets $ 6,865,594 $ 7,050,053 $ 6,097,508

CHANGE IN SHAREHOLDING OF THE P

CHANGE IN SHAREHOLDING OF THE PHILIPPINE SUBSIDIARIES	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
CHANGE IN SHAREHOLDING OF THE PHILIPPINE SUBSIDIARIES	25. CHANGE IN SHAREHOLDING OF THE PHILIPPINE SUBSIDIARIES On June 24, 2014, MCP and MCE (Philippines) Investments Limited (“MCE Investments”) completed a placing and subscription transaction (the “2014 Placing and Subscription Transaction”), under which MCE Investments offered and sold in a private placement to various institutional investors of 485,177,000 common shares of MCP at the offer price of PHP11.30 per share (equivalent to $0.26 per share) (the “2014 Offer”). MCE Investments then used the proceeds from the 2014 Offer to subscribe for an equivalent number of common shares of MCP at the subscription price of PHP11.30 per share (equivalent to $0.26 per share). The aforesaid transactions decreased the Company’s shareholding in MCP and the Group recognized an increase of $57,293 in the Company’s additional paid-in During the year ended December 31, 2014, the Company, through its subsidiaries, acquired 3,400 common shares of MCP under trust arrangements and sold 200 common shares of MCP to two independent directors of MCP. On November 23, 2015, the Company through MCE Investments, subscribed for 693,500,000 common shares of MCP at a total consideration of PHP2,704,650,000 (equivalent to $57,681 based on exchange rate on transaction date), which increased the Company’s shareholding in MCP and the Group recognized a decrease of $7,368 in the Company’s additional paid-in During the year ended December 31, 2016, the Company through MCE Investments, purchased 50,263,000 common shares of MCP at a total consideration of PHP123,307,331 (equivalent to $2,614 based on exchange rate on transaction date) from the open market, which increased the Company’s shareholding in MCP and the Group recognized a decrease of $761 in the Company’s additional paid-in During the years ended December 31, 2016 and 2015, 19,541,800 and 38,375,178 restricted shares under the MCP Share Incentive Plan were vested, which decreased the Company’s shareholding in MCP and the Group recognized a decrease of $543 and $1,740, respectively in the Company’s additional paid-in During the years ended December 31, 2016 and 2015, the total transfers to noncontrolling interests amounted to $1,304 and $9,108, respectively, and during the year ended December 31, 2014, the total transfers from noncontrolling interest amounted to $57,293, in relation to transactions as described above. The Group retains its controlling financial interests in MCP before and after the above transactions. The schedule below discloses the effects of changes in the Company’s ownership interest in MCP on the Company’s equity: Year Ended December 31, 2016 2015 2014 Net income attributable to Melco Resorts & Entertainment Limited $ 175,906 $ 105,747 $ 608,280 Transfers (to) from noncontrolling interests: Decrease in Melco Resorts & Entertainment Limited additional paid-in (761 ) — — Decrease in Melco Resorts & Entertainment Limited additional paid-in — (7,368 ) — Decrease in Melco Resorts & Entertainment Limited additional paid-in (543 ) (1,740 ) — Increase in Melco Resorts & Entertainment Limited additional paid-in — — 57,293 Changes from net income attributable to Melco Resorts & Entertainment Limited’s shareholders and transfers from noncontrolling interests $ 174,602 $ 96,639 $ 665,573

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated on consolidation.
Use of Estimates	(b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the Group and on various other assumptions that the Group believes to be reasonable under the circumstances. Accordingly, actual results could differ from those estimates.
Fair Value of Financial Instruments	(c) Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell the asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The Group estimated the fair values using appropriate valuation methodologies and market information available as of the balance sheet date.
Cash and Cash Equivalents	(d) Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments with original maturities of three months or less when purchased. Cash equivalents are placed with financial institutions with high-credit ratings and quality.
Restricted Cash	(e) Restricted Cash The current portion of restricted cash represents cash deposited into bank accounts which are restricted as to withdrawal and use and the Group expects those funds will be released or utilized in accordance with the terms of the respective agreements within the next twelve months, while the non-current
Accounts Receivable and Credit Risk	(f) Accounts Receivable and Credit Risk Financial instruments that potentially subject the Group to concentrations of credit risk consist principally of casino receivables. The Group issues credit in the form of markers to approved casino customers following investigations of creditworthiness including to its gaming promoters in Macau and the Philippines, which receivable can be offset against commissions payable and any other value items held by the Group to the respective customer and for which the Group intends to set-off Accounts receivable, including casino, hotel and other receivables, are typically non-interest
Inventories	(g) Inventories Inventories consist of retail merchandise, food and beverage items and certain operating supplies, which are stated at the lower of cost or market value. Cost is calculated using the first-in, first-out,
Property and Equipment	(h) Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and impairment losses, if any. Gains or losses on dispositions of property and equipment are included in operating income. Major additions, renewals and betterments are capitalized, while maintenance and repairs are expensed as incurred. During the construction and development stage of the Group’s casino gaming and entertainment casino resort facilities, direct and incremental costs related to the design and construction, including costs under the construction contracts, duties and tariffs, equipment installation, shipping costs, payroll and payroll-benefit related costs, depreciation of plant and equipment used, applicable portions of interest and amortization of deferred financing costs, are capitalized in property and equipment. The capitalization of such costs begins when the construction and development of a project starts and ceases once the construction is substantially completed or development activity is suspended for more than a brief period. Depreciation and amortization expense related to capitalized construction costs and other property and equipment is recognized from the time each asset is placed in service. This may occur at different stages as casino gaming and entertainment casino resort facilities are completed and opened. Property and equipment and other long-lived assets with a finite useful life are depreciated and amortized on a straight-line basis over the asset’s estimated useful life. Estimated useful lives are as follows: Buildings 4 to 40 years Transportation 5 to 10 years Leasehold improvements 3 to 10 years or over the lease term, whichever is shorter Furniture, fixtures and equipment 2 to 15 years Plant and gaming machinery 3 to 5 years The remaining estimated useful lives of the property and equipment are periodically reviewed. For the review of estimated useful lives of buildings of Altira Macau and City of Dreams, the Group considered factors such as the business and operating environment of the gaming industry in Macau, laws and regulations in Macau and the Group’s anticipated usage of the buildings. As a result, effective from October 1, 2015, the estimated useful lives of certain buildings assets of Altira Macau and City of Dreams have been extended in order to reflect the estimated periods during which the buildings are expected to remain in service. The estimated useful lives of certain buildings assets of Altira Macau and City of Dreams were changed from 25 years to 40 years from the date the buildings were placed in service. The changes in estimated useful lives of these buildings assets have resulted in a reduction in depreciation of $5,827, an increase in net income attributable to Melco Resorts & Entertainment Limited of $5,827 and an increase in basic and diluted earnings per share of $0.004 for the year ended December 31, 2015.
Capitalized Interest and Amortization of Deferred Financing Costs	(i) Capitalized Interest and Amortization of Deferred Financing Costs Interest and amortization of deferred financing costs associated with major development and construction projects is capitalized and included in the cost of the project. The capitalization of interest and amortization of deferred financing costs cease when the project is substantially completed or the development activity is suspended for more than a brief period. The amount to be capitalized is determined by applying the weighted average interest rate of the Group’s outstanding borrowings to the average amount of accumulated qualifying capital expenditures for assets under construction during the year. Total interest expenses incurred amounted to $252,600, $253,168 and $220,974, of which $29,033, $134,838 and $96,884 were capitalized during the years ended December 31, 2016, 2015 and 2014, respectively. Amortization of deferred financing costs of $48,345, $38,511 and $28,055, net of amortization capitalized of nil, $5,458 and nil, were recorded during the years ended December 31, 2016, 2015 and 2014, respectively.
Gaming Subconcession	(j) Gaming Subconcession The deemed cost of gaming subconcession is capitalized based on the fair value of the gaming subconcession agreement as of the date of acquisition of Melco Crown (Macau) Limited (“Melco Crown Macau”), a subsidiary of the Company and the holder of the gaming subconcession in Macau, in 2006, and amortized using the straight-line method over the term of agreement which is due to expire in June 2022.
Goodwill and Intangible Assets	(k) Goodwill and Intangible Assets Goodwill represents the excess of acquisition cost over the fair value of tangible and identifiable intangible net assets of any business acquired. Goodwill is not amortized, but is tested for impairment at the reporting unit level on an annual basis, and between annual tests when circumstances indicate that the carrying value of goodwill may not be recoverable. An impairment loss is recognized in an amount equal to the excess of the carrying amount over the implied fair value. Intangible assets other than goodwill are amortized over their useful lives unless their lives are determined to be indefinite in which case they are not amortized. Intangible assets are carried at cost, less accumulated amortization. The Group’s finite-lived intangible asset consists of the gaming subconcession. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives. The Group’s intangible assets with indefinite lives represent Mocha Clubs trademarks, which are tested for impairment on an annual basis or when circumstances indicate that the carrying value of the intangible assets may not be recoverable.
Impairment of Long-lived Assets (Other Than Goodwill)	(l) Impairment of Long-lived Assets (Other Than Goodwill) The Group evaluates the long-lived assets with finite lives for impairment based on its classification as a) held for sale or b) to be held and used. Several criteria must be met before an asset is classified as held for sale, including the fact that management with the appropriate authority commits to a plan to sell the asset at a reasonable price in relation to its fair value and is actively seeking a buyer. For assets held for sale, the Group recognizes the assets at the lower of carrying value or fair market value less costs to sell, as estimated based on comparable asset sales, offers received, or a discounted cash flow model. For assets to be held and used, the Group reviews those for impairment whenever indicators of impairment exist. The Group then compares the estimated future cash flows of the asset, on an undiscounted basis, to the carrying value of the asset. If the undiscounted cash flows exceed the carrying value, no impairment is indicated. If the undiscounted cash flows do not exceed the carrying value, then an impairment charge is recorded based on the fair value of the asset, typically measured using a discounted cash flow model. If an asset is still under development, future cash flows include remaining construction costs. During the years ended December 31, 2016, 2015 and 2014, impairment loss of $3,245, nil and $4,146 was recognized mainly due to reconfiguration and renovation at the Group’s operating properties and included in the consolidated statements of operations.
Deferred Financing Costs	(m) Deferred Financing Costs Direct and incremental costs incurred in obtaining loans or in connection with the issuance of long-term debt are capitalized and amortized over the terms of the related debt agreements using the effective interest method.
Land Use Rights	(n) Land Use Rights Land use rights are recorded at cost less accumulated amortization. Amortization is provided on a straight-line basis over the estimated term of the land use rights. Each land concession contract in Macau has an initial term of 25 years and is renewable for further consecutive periods of 10 years, subject to applicable legislation in Macau. The land use rights were originally amortized over the initial term of 25 years, in which the expiry dates of the land use rights of Altira Macau, City of Dreams and Studio City are March 2031, August 2033 and October 2026, respectively. The estimated term of the land use rights are periodically reviewed. For the review of such estimated term of the land use rights under the applicable land concession contracts, the Group considered factors such as the business and operating environment of gaming industry in Macau, laws and regulations in Macau and the Group’s development plans. As a result, effective from October 1, 2015, the estimated term of the land use rights under the land concession contracts for Altira Macau, City of Dreams and Studio City, in accordance with the relevant accounting standards, have been extended to April 2047, May 2049 and October 2055, respectively which aligned with the estimated useful lives of certain buildings assets of 40 years as disclosed in Note 2(h). The changes in estimated term of the land use rights under the applicable land concession contracts have resulted in a reduction in amortization of land use rights of $10,413, an increase in net income attributable to Melco Resorts & Entertainment Limited of $6,763 and an increase in basic and diluted earnings per share of $0.004 for the year ended December 31, 2015.
Revenue Recognition and Promotional Allowances	(o) Revenue Recognition and Promotional Allowances The Group recognizes revenue at the time persuasive evidence of an arrangement exists, the service is provided or the retail goods are sold, prices are fixed or determinable and collection is reasonably assured. Casino revenues are measured by the aggregate net difference between gaming wins and losses less accruals for the anticipated payouts of progressive slot jackpots. Funds deposited by customers in advance and chips in the customers’ possession are recognized as a liability before gaming play occurs. The Group follows the accounting standards for reporting revenue gross as a principal versus net as an agent, when accounting for operations of certain hotels and Taipa Square Casino. For the operations of certain hotels, the Group is the owner of the hotels property, and the hotel managers operate the hotels under management agreements providing management services to the Group, and the Group receives all rewards and takes substantial risks associated with the hotels’ business; it is the principal and the transactions are therefore recognized on a gross basis. For the operations of Taipa Square Casino, given the Group operates the casino under a right to use agreement with the owner of the casino premises and has full responsibility for the casino operations in accordance with its gaming subconcession, it is the principal and casino revenue is therefore recognized on a gross basis. Rooms, food and beverage, entertainment, retail and other revenues are recognized when services are performed. Advance deposits on rooms and advance ticket sales are recorded as customer deposits until services are provided to the customer. Minimum operating and right to use fees, adjusted for contractual base fees and operating fees escalations, are included in entertainment, retail and other revenues and are recognized on a straight-line basis over the terms of the related agreements. Revenues are recognized net of certain sales incentives which are required to be recorded as a reduction of revenue; consequently, the Group’s casino revenues are reduced by discounts, commissions and points earned in customer loyalty programs, such as the player’s club loyalty program. The retail value of rooms, food and beverage, entertainment, retail and other services furnished to guests without charge is included in gross revenues and then deducted as promotional allowances. The estimated cost of providing such promotional allowances for the years ended December 31, 2016, 2015 and 2014 is reclassified from rooms costs, food and beverage costs, entertainment, retail and other services costs and is included in casino expenses as follows: Year Ended December 31, 2016 2015 2014 Rooms $ 30,865 $ 24,625 $ 22,282 Food and beverage 79,719 64,676 53,941 Entertainment, retail and others 16,057 9,365 7,683 $ 126,641 $ 98,666 $ 83,906
Point-loyalty Programs	(p) Point-loyalty Programs The Group operates different loyalty programs in certain of its properties to encourage repeat business mainly from loyal slot machine customers and table games patrons. Members earn points primarily based on gaming activity and such points can be redeemed for free play and other free goods and services. The Group accrues for loyalty program points expected to be redeemed for cash and free play as a reduction to gaming revenue and accrues for loyalty program points expected to be redeemed for free goods and services as casino expense. The accruals are based on management’s estimates and assumptions regarding the estimated costs of providing those benefits, age and history with expiration of unused points resulting in a reduction of the accruals.
Gaming Taxes and License Fees	(q) Gaming Taxes and License Fees The Group is subject to taxes and license fees based on gross gaming revenue and other metrics in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes and license fees are determined mainly from an assessment of the Group’s gaming revenue and are recognized in the accompanying consolidated statements of operations. These taxes and license fees totaled $1,826,061, $1,717,805 and $2,275,610 for the years ended December 31, 2016, 2015 and 2014, respectively.
Pre-opening Costs	(r) Pre-opening Pre-opening start-up pre-opening pre-opening one-off
Development Costs	(s) Development Costs Development costs include the costs associated with the Group’s evaluation and pursuit of new business opportunities, which are expensed as incurred.
Advertising and Promotional Costs	(t) Advertising and Promotional Costs The Group expenses advertising and promotional costs the first time the advertising takes place or as incurred. Advertising and promotional costs included in the accompanying consolidated statements of operations were $83,068, $107,383 and $47,906 for the years ended December 31, 2016, 2015 and 2014, respectively.
Foreign Currency Transactions and Translations	(u) Foreign Currency Transactions and Translations All transactions in currencies other than functional currencies of the Company during the year are remeasured at the exchange rates prevailing on the respective transaction dates. Monetary assets and liabilities existing at the balance sheet date denominated in currencies other than functional currencies are remeasured at the exchange rates existing on that date. Exchange differences are recorded in the consolidated statements of operations. The functional currencies of the Company and its major subsidiaries are the United States dollar (“$” or “US$”), the Hong Kong dollar (“HK$”), the Macau Pataca (“MOP”) or the Philippine Peso (“PHP”), respectively. All assets and liabilities are translated at the rates of exchange prevailing at the balance sheet date and all income and expense items are translated at the average rates of exchange over the year. All exchange differences arising from the translation of subsidiaries’ financial statements are recorded as a component of comprehensive income (loss).
Share-based Compensation Expenses	(v) Share-based Compensation Expenses The Group measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award and recognizes that cost over the service period. Compensation is attributed to the periods of associated service and such expense is being recognized on a straight-line basis over the vesting period of the awards. Forfeitures are estimated at the time of grant and actual forfeitures are recognized currently to the extent they differ from the estimate. Further information on the Group’s share-based compensation arrangements is included in Note 17.
Income Tax	(w) Income Tax The Group is subject to income taxes in Hong Kong, Macau, the Philippines and other jurisdictions where it operates. Deferred income taxes are recognized for all significant temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The components of the deferred tax assets and liabilities are individually classified as current and non-current The Group’s income tax returns are subject to examination by tax authorities in the jurisdictions where it operates. The Group assesses potentially unfavorable outcomes of such examinations based on accounting standards for uncertain income taxes. These accounting standards utilize a two-step
Net Income Attributable to Melco Resorts & Entertainment Limited Per Share	(x) Net Income Attributable to Melco Resorts & Entertainment Limited Per Share Basic net income attributable to Melco Resorts & Entertainment Limited per share is calculated by dividing the net income attributable to Melco Resorts & Entertainment Limited by the weighted average number of ordinary shares outstanding during the year. Diluted net income attributable to Melco Resorts & Entertainment Limited per share is calculated by dividing the net income attributable to Melco Resorts & Entertainment Limited by the weighted average number of ordinary shares outstanding during the year adjusted to include the potentially dilutive effect of outstanding share-based awards. The weighted average number of ordinary and ordinary equivalent shares used in the calculation of basic and diluted net income attributable to Melco Resorts & Entertainment Limited per share consisted of the following: Year Ended December 31, 2016 2015 2014 Weighted average number of ordinary shares outstanding used in the calculation of basic net income attributable to Melco Resorts & Entertainment Limited per share 1,516,714,277 1,617,263,041 1,647,571,547 Incremental weighted average number of ordinary shares from assumed vesting of restricted shares and exercise of share options using the treasury stock method 8,569,995 9,845,729 12,931,583 Weighted average number of ordinary shares outstanding used in the calculation of diluted net income attributable to Melco Resorts & Entertainment Limited per share 1,525,284,272 1,627,108,770 1,660,503,130 During the years ended December 31, 2016, 2015 and 2014, 9,404,584, 4,778,880 and 2,519,037 outstanding share options and 95,664, 237,855 and 701,681 outstanding restricted shares as at December 31, 2016, 2015 and 2014, respectively, were excluded from the computation of diluted net income attributable to Melco Resorts & Entertainment Limited per share as their effect would have been anti-dilutive.
Accounting for Derivative Instruments and Hedging Activities	(y) Accounting for Derivative Instruments and Hedging Activities The Group uses derivative financial instruments such as floating-for-fixed
Comprehensive Income (Loss) and Accumulated Other Comprehensive Losses	(z) Comprehensive Income (Loss) and Accumulated Other Comprehensive Losses Comprehensive income (loss) includes net income (loss), foreign currency translation adjustment and change in fair value of interest rate swap agreements and is reported in the consolidated statements of comprehensive income. As of December 31, 2016 and 2015, the Group’s accumulated other comprehensive losses consisted of the following: December 31, 2016 2015 Foreign currency translation adjustment $ (24,768 ) $ (21,897 ) Change in fair value of interest rate swap agreements — (37 ) $ (24,768 ) $ (21,934 )
Recent Changes in Accounting Standards	(aa) Recent Changes in Accounting Standards Newly Adopted Accounting Pronouncements: In June 2014, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update which requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The adoption of this guidance was effective for the Group as of January 1, 2016 and did not have a material impact on the Group’s consolidated financial statements. In April 2015, the FASB issued an accounting standard update that requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. In August 2015, the FASB issued an accounting standard update which clarifies that the guidance issued in April 2015 is not required to be applied to line-of-credit line-of-credit non-current Recent Accounting Pronouncements Not Yet Adopted: In May 2014, the FASB issued an accounting standard update which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principal of this new revenue recognition model is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This update also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB issued an accounting standard update which defers the effective date of the new revenue recognition accounting guidance by one year, to annual and interim periods beginning after December 15, 2017, and early adoption is permitted for annual and interim periods beginning after December 15, 2016. From March 2016 through May 2016, the FASB issued accounting standard updates which amend and further clarify the new revenue guidance such as reporting revenue as a principal versus agent, identifying performance obligations, accounting for intellectual property licenses, assessing collectability and presentation of sales taxes. The guidance can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the potential impact of adopting this guidance on the Group’s consolidated financial statements. The Group anticipates the goods and services furnished to guests without charge currently included in gross revenue and deducted as promotional allowances in the accompanying consolidated statements of operations will be presented on a net basis. The Group also anticipates a change in the manner of assigning value to accrued customer benefits related to the point-loyalty programs. In November 2015, the FASB issued an accounting standard update which simplifies balance sheet classification of deferred taxes. The guidance requires that all deferred tax assets and liabilities, along with any related valuation allowance, be classified as non-current. In February 2016, the FASB issued an accounting standard update on leases, which amends various aspects of existing accounting guidance for leases. The guidance requires all lessees to recognize a lease liability and a right-of-use In August 2016, the FASB issued an accounting standard update which amends the guidance on the classification of certain cash receipts and payments in the statement of cash flows. The guidance is effective for interim and fiscal years beginning after December 15, 2017, with early adoption is permitted. The guidance should be applied retrospectively. The adoption of this guidance is not expected to have a material impact on the Group’s consolidated financial statements. In November 2016, the FASB issued an accounting standard update which amends and clarifies the guidance on the classification and presentation of restricted cash in the statement of cash flows. The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. Accordingly, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period end-of-period In January 2017, the FASB issued an accounting standard update which eliminates step two from the goodwill impairment test and instead requires an entity to recognize an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value, limited to the total amount of goodwill allocated to that reporting unit. This guidance is effective for interim and fiscals years beginning after December 15, 2019, with early adoption permitted. The guidance should be applied prospectively. Management is currently assessing the potential impact of adopting this guidance on the Group’s consolidated financial statements. The adoption of this guidance would only impact the Group’s consolidated financial statements in situations where an impairment of a reporting unit’s assets is determined and the measurement of the impairment charge.

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property and Equipment	Estimated useful lives are as follows: Buildings 4 to 40 years Transportation 5 to 10 years Leasehold improvements 3 to 10 years or over the lease term, whichever is shorter Furniture, fixtures and equipment 2 to 15 years Plant and gaming machinery 3 to 5 years
Schedule of Estimated Cost of Providing Promotional Allowances	The estimated cost of providing such promotional allowances for the years ended December 31, 2016, 2015 and 2014 is reclassified from rooms costs, food and beverage costs, entertainment, retail and other services costs and is included in casino expenses as follows: Year Ended December 31, 2016 2015 2014 Rooms $ 30,865 $ 24,625 $ 22,282 Food and beverage 79,719 64,676 53,941 Entertainment, retail and others 16,057 9,365 7,683 $ 126,641 $ 98,666 $ 83,906
Weighted Average Number of Ordinary and Ordinary Equivalent Shares Used in Calculation of Basic and Diluted Net Income	The weighted average number of ordinary and ordinary equivalent shares used in the calculation of basic and diluted net income attributable to Melco Resorts & Entertainment Limited per share consisted of the following: Year Ended December 31, 2016 2015 2014 Weighted average number of ordinary shares outstanding used in the calculation of basic net income attributable to Melco Resorts & Entertainment Limited per share 1,516,714,277 1,617,263,041 1,647,571,547 Incremental weighted average number of ordinary shares from assumed vesting of restricted shares and exercise of share options using the treasury stock method 8,569,995 9,845,729 12,931,583 Weighted average number of ordinary shares outstanding used in the calculation of diluted net income attributable to Melco Resorts & Entertainment Limited per share 1,525,284,272 1,627,108,770 1,660,503,130
Components of Group's Accumulated Other Comprehensive Losses	As of December 31, 2016 and 2015, the Group’s accumulated other comprehensive losses consisted of the following: December 31, 2016 2015 Foreign currency translation adjustment $ (24,768 ) $ (21,897 ) Change in fair value of interest rate swap agreements — (37 ) $ (24,768 ) $ (21,934 )

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Components of Accounts Receivable, Net	Components of accounts receivable, net are as follows: December 31, 2016 2015 Casino $ 480,227 $ 466,259 Hotel 4,224 8,427 Other 6,918 7,698 Sub-total 491,369 482,384 Less: allowance for doubtful debts (265,931 ) (210,757 ) $ 225,438 $ 271,627
Movement of Allowance for Doubtful Debts	Movement of allowance for doubtful debts are as follows: Year Ended December 31, 2016 2015 2014 At beginning of year $ 210,757 $ 168,786 $ 143,334 Additional allowance, net of recoveries 64,747 37,978 29,979 Reclassified (to) from long-term receivables, net (9,573 ) 3,993 (4,527 ) At end of year $ 265,931 $ 210,757 $ 168,786

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Components of Property and Equipment, Net	December 31, 2016 2015 Cost Buildings $ 5,179,324 $ 4,944,672 Furniture, fixtures and equipment 898,038 885,724 Leasehold improvements 755,804 775,422 Plant and gaming machinery 225,146 228,591 Transportation 87,281 88,590 Construction in progress 652,662 563,720 Sub-total 7,798,255 7,486,719 Less: accumulated depreciation and amortization (2,142,432 ) (1,726,490 ) Property and equipment, net $ 5,655,823 $ 5,760,229

GAMING SUBCONCESSION, NET (Tabl

GAMING SUBCONCESSION, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Schedule of Gaming Subconcession, Net	December 31, 2016 2015 Deemed cost $ 900,000 $ 900,000 Less: accumulated amortization (586,680 ) (529,443 ) Gaming subconcession, net $ 313,320 $ 370,557

LONG-TERM PREPAYMENTS, DEPOSI39

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Long-Term Prepayments, Deposits and Other Assets	Long-term prepayments, deposits and other assets consisted of the following: December 31, 2016 2015 Entertainment production costs $ 76,884 $ 77,284 Less: accumulated amortization (51,744 ) (43,888 ) Entertainment production costs, net 25,140 33,396 Other long-term prepayments and other assets 36,240 40,596 Advance payments for construction costs 33,783 26,544 Deferred rent assets 32,219 10,393 Deferred financing costs, net 27,235 32,335 Input value-added tax, net 19,392 23,281 Other deposits 15,143 16,265 Long-term receivables, net 5,759 9,202 Long-term prepayments, deposits and other assets $ 194,911 $ 192,012

LAND USE RIGHTS, NET (Tables)

LAND USE RIGHTS, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Schedule of Land Use Rights, Net	December 31, 2016 2015 Altira Macau (“Taipa Land”) $ 146,475 $ 146,475 City of Dreams (“Cotai Land”) 399,578 399,578 Studio City (“Studio City Land”) 653,564 653,564 1,199,617 1,199,617 Less: accumulated amortization (389,301 ) (366,485 ) Land use rights, net $ 810,316 $ 833,132

ACCRUED EXPENSES AND OTHER CU41

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	December 31, 2016 2015 Outstanding gaming chips and tokens $ 395,572 $ 184,223 Customer deposits and ticket sales 259,693 83,265 Staff cost accruals 200,031 123,978 Gaming tax and license fees accruals 159,802 185,223 Construction costs payables 141,681 189,592 Operating expense and other accruals and liabilities 133,669 143,318 Property and equipment payables 41,362 87,291 Interest expenses payable 38,133 32,755 Escrow funds refundable to the Philippine Parties — 23,417 Land use rights payable — 3,788 $ 1,369,943 $ 1,056,850

LONG-TERM DEBT, NET (Tables)

LONG-TERM DEBT, NET (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Debt, Net	Long-term debt, net consisted of the following: December 31, 2016 2015 2015 Credit Facilities (net of unamortized deferred financing costs of $9,611 and $12,399, respectively) $ 469,116 $ 488,886 Aircraft Term Loan 16,537 22,705 2012 Studio City Notes (net of unamortized deferred financing costs of $12,556 and $15,129, respectively) 812,444 809,871 2013 Senior Notes (net of unamortized deferred financing costs of $52,687 and $63,486, respectively) 947,313 936,514 Studio City Project Facility (net of unamortized deferred financing costs of $51,845) — 1,243,844 2016 Studio City Credit Facilities 129 — 2016 7.250% SC Secured Notes (net of unamortized deferred financing costs of $16,596) 833,404 — 2016 5.875% SC Secured Notes (net of unamortized deferred financing costs of $6,753) 343,247 — Philippine Notes (net of unamortized deferred financing costs of $3,041 and $4,614, respectively) 298,085 313,412 3,720,275 3,815,232 Current portion of long-term debt (net of unamortized deferred financing costs of $906 and $3,669, respectively) (50,583 ) (102,836 ) $ 3,669,692 $ 3,712,396
Scheduled Maturities of Long-Term Debt (Excluding Unamortized Deferred Financing Costs)	Scheduled maturities of the long-term debt (excluding unamortized deferred financing costs) as of December 31, 2016 are as follows: Year ending December 31, 2017 $ 51,489 2018 51,728 2019 699,793 2020 870,116 2021 2,148,393 $ 3,821,519

CAPITAL LEASE OBLIGATIONS (Tabl

CAPITAL LEASE OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Future Minimum Lease Payments under Capital Lease Obligations	Future minimum lease payments under capital lease obligations for the Group as of December 31, 2016 are as follows: Year ending December 31, 2017 $ 33,026 2018 36,140 2019 39,515 2020 43,503 2021 47,944 Over 2021 594,111 Total minimum lease payments 794,239 Less: amounts representing interest (501,152 ) Present value of minimum lease payments 293,087 Current portion (30,730 ) Non-current $ 262,357

OTHER LONG-TERM LIABILITIES (Ta

OTHER LONG-TERM LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities	December 31, 2016 2015 Deferred rent liabilities $ 15,357 $ 11,749 Staff cost accruals 14,579 47,979 Other liabilities 11,952 13,778 Other deposits received 7,399 7,456 $ 49,287 $ 80,962

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Summary of Income (Loss) before Income Tax	Income (loss) before income tax consisted of: Year Ended December 31, 2016 2015 2014 Macau operations $ 334,409 $ 277,764 $ 775,790 Hong Kong operations (10,511 ) (54,778 ) (10,062 ) Philippines operations (18,226 ) (189,269 ) (138,744 ) Other jurisdictions’ operations (230,576 ) (93,494 ) (96,562 ) Income (loss) before income tax $ 75,096 $ (59,777 ) $ 530,422
Summary of Income Tax Expense	The income tax expense consisted of: Year Ended December 31, 2016 2015 2014 Income tax expense - current: Macau Complementary Tax $ 2,832 $ 408 $ 2,761 Lump sum in lieu of Macau Complementary Tax on dividend 2,795 2,795 2,795 Hong Kong Profits Tax 1,889 800 1,171 Income tax in other jurisdictions 36 283 622 Sub-total 7,552 4,286 7,349 (Over) under provision of income tax in prior years: Macau Complementary Tax (224 ) (423 ) (57 ) Hong Kong Profits Tax 39 (14 ) 124 Income tax in other jurisdictions (4 ) (5 ) 91 Sub-total (189 ) (442 ) 158 Income tax (benefit) expense-deferred: Macau Complementary Tax (1,074 ) (3,351 ) (3,917 ) Hong Kong Profits Tax (69 ) 32 (22 ) Income tax in other jurisdictions 1,958 506 (532 ) Sub-total 815 (2,813 ) (4,471 ) Total income tax expense $ 8,178 $ 1,031 $ 3,036
Schedule of Reconciliation of Income Tax Expense from Income (Loss) Before Income Tax	A reconciliation of the income tax expense from income (loss) before income tax per the consolidated statements of operations is as follows: Year Ended December 31, 2016 2015 2014 Income (loss) before income tax $ 75,096 $ (59,777 ) $ 530,422 Macau Complementary Tax rate 12 % 12 % 12 % Income tax expense (credit) at Macau Complementary Tax rate 9,012 (7,173 ) 63,651 Lump sum in lieu of Macau Complementary Tax on dividend 2,795 2,795 2,795 Effect of different tax rates of subsidiaries operating in other jurisdictions (5,823 ) (37,422 ) (25,416 ) (Over) under provision in prior years (189 ) (442 ) 158 Effect of income for which no income tax expense is payable (1,960 ) (1,850 ) (2,272 ) Effect of expenses for which no income tax benefit is receivable 30,475 18,824 12,441 Effect of profits generated by gaming operations exempted (93,611 ) (64,437 ) (109,189 ) Losses that cannot be carried forward — 979 — Change in valuation allowance 67,479 89,757 60,868 $ 8,178 $ 1,031 $ 3,036
Schedule of Net Deferred Tax Liabilities	The net deferred tax liabilities as of December 31, 2016 and 2015 consisted of the following: December 31, 2016 2015 Deferred tax assets Net operating loss carried forwards $ 167,949 $ 149,616 Depreciation and amortization 24,248 15,644 Deferred deductible expenses 2,454 3,994 Deferred rents 26,326 21,243 Others 9,949 7,219 Sub-total 230,926 197,716 Valuation allowances Current (43,764 ) (26,617 ) Long-term (182,349 ) (165,583 ) Sub-total (226,113 ) (192,200 ) Total deferred tax assets 4,813 5,516 Deferred tax liabilities Land use rights (50,645 ) (52,032 ) Intangible assets (505 ) (505 ) Unrealized capital allowance (3,374 ) (3,061 ) Others (6,588 ) (5,414 ) Total deferred tax liabilities (61,112 ) (61,012 ) Deferred tax liabilities, net $ (56,299 ) $ (55,496 )

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2016
Impact of Share Options and Restricted Shares	The share-based compensation cost for the Group was recognized as follows: Year Ended December 31, 2016 2015 2014 Share-based compensation cost: 2006 Share Incentive Plan $ — $ — $ 1,071 2011 Share Incentive Plan 16,399 13,734 11,505 MCP Share Incentive Plan 2,088 7,093 7,825 Total share-based compensation expenses recognized in general and administrative expenses $ 18,487 $ 20,827 $ 20,401
2006 Share Incentive Plan [Member]
Summary of Share Options Activity	A summary of share options activity under the 2006 Share Incentive Plan for the year ended December 31, 2016, is presented below: Number Weighted Weighted Aggregate Outstanding as of January 1, 2016 11,657,403 $ 1.61 Exercised (1,743,609 ) 1.74 Outstanding as of December 31, 2016 9,913,794 $ 1.58 2.52 $ 36,846 Fully vested as of December 31, 2016 9,913,794 $ 1.58 2.52 $ 36,846 Exercisable as of December 31, 2016 9,913,794 $ 1.58 2.52 $ 36,846 The following is provided for share options under the 2006 Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Proceeds from the exercise of share options $ 3,036 $ 1,904 $ 1,758 Intrinsic value of share options exercised $ 6,205 $ 5,152 $ 5,472
2011 Share Incentive Plan [Member]
Summary of Share Options Activity	A summary of share options activity under the 2011 Share Incentive Plan for the year ended December 31, 2016, is presented below: Number Weighted Weighted Aggregate Outstanding as of January 1, 2016 6,272,967 $ 7.98 Granted 4,951,014 5.74 Granted under modification 4,572,234 5.76 Canceled under modification (4,572,234 ) 9.02 Exercised (46,320 ) 4.70 Forfeited (272,537 ) 7.37 Expired (52,773 ) 8.42 Outstanding as of December 31, 2016 10,852,351 $ 5.61 8.00 $ 887 Vested as of December 31, 2016 1,447,767 $ 4.70 5.24 $ 873 Expected to vest as of December 31, 2016 9,404,584 $ 5.75 8.43 $ 14 Exercisable as of December 31, 2016 1,447,767 $ 4.70 5.24 $ 873 The following is provided for share options under the 2011 Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value (excluding options granted under modification) $ 2.29 $ 3.45 $ 7.11 Proceeds from the exercise of share options $ 218 $ 511 $ 397 Intrinsic value of share options exercised $ 28 $ 98 $ 232
Summary of Assumptions Used to Estimate Fair Value of Stock Options	The fair value of share options granted under the 2011 Share Incentive Plan was estimated on the date of grant using the following weighted average assumptions: Year Ended December 31, 2016 2015 2014 Expected dividend yield 1.00 % 1.40 % 1.11 % Expected stock price volatility 46.08 % 57.86 % 69.56 % Risk-free interest rate 1.47 % 1.59 % 2.04 % Expected term (years) 5.6 6.1 6.1
Summary of Restricted Shares Activity	A summary of restricted shares activity under the 2011 Share Incentive Plan for the year ended December 31, 2016, is presented below: Number of Weighted Unvested as of January 1, 2016 2,234,690 $ 8.80 Granted 3,160,176 5.74 Vested (321,531 ) 8.56 Forfeited (182,238 ) 6.95 Unvested as of December 31, 2016 4,891,097 $ 6.91 The following is provided for restricted shares under the 2011 Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value $ 5.74 $ 7.24 $ 12.42 Grant date fair value of restricted shares vested $ 2,751 $ 3,809 $ 3,821
MCP Share Incentive Plan [Member]
Summary of Share Options Activity	A summary of share options activity under the MCP Share Incentive Plan for the year ended December 31, 2016, is presented below: Number Weighted Weighted Aggregate Outstanding as of January 1, 2016 124,710,632 $ 0.17 Forfeited (6,850,299 ) 0.19 Canceled under Option Exchange Program (96,593,629 ) 0.17 Expired (8,891,994 ) 0.18 Outstanding as of December 31, 2016 12,374,710 $ 0.11 7.86 $ 44 Vested as of December 31, 2016 7,277,311 $ 0.15 7.15 $ 11 Expected to vest as of December 31, 2016 5,097,399 $ 0.07 8.88 $ 33 Exercisable as of December 31, 2016 7,277,311 $ 0.15 7.15 $ 11 The following is provided for share options under the MCP Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value $ — $ 0.03 $ 0.14
Summary of Assumptions Used to Estimate Fair Value of Stock Options	The fair value of share options granted under the MCP Share Incentive Plan was estimated on the date of grant using the following weighted average assumptions: Year Ended December 31, 2015 2014 Expected dividend yield — — Expected stock price volatility 45.00 % 40.00 % Risk-free interest rate 4.08 % 3.77 % Expected term (years) 5.4 5.2
Summary of Restricted Shares Activity	A summary of restricted shares activity under the MCP Share Incentive Plan for the year ended December 31, 2016, is presented below: Number of Weighted Unvested as of January 1, 2016 28,531,215 $ 0.17 Granted under Option Exchange Program 43,700,116 0.09 Vested (19,541,800 ) 0.17 Forfeited (3,433,823 ) 0.20 Unvested as of December 31, 2016 49,255,708 $ 0.09 The following is provided for restricted shares under the MCP Share Incentive Plan: Year Ended December 31, 2016 2015 2014 Weighted average grant date fair value $ — $ 0.08 $ 0.29 Grant date fair value of restricted shares vested $ 3,280 $ 6,989 $ —

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Minimum Lease Payments under Non-Cancellable Leases	As of December 31, 2016, minimum lease payments under all non-cancelable leases were as follows: Year ending December 31, 2017 $ 24,474 2018 23,738 2019 23,213 2020 16,167 2021 15,631 Over 2021 62,177 $ 165,400
Minimum Future Fees to be Received under Non-Cancellable Operating and Right to Use Agreements	As of December 31, 2016, minimum future fees to be received under all non-cancelable operating and right to use agreements were as follows: Year ending December 31, 2017 $ 13,938 2018 25,042 2019 20,935 2020 14,246 Over 2021 2,779 $ 76,940

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of Significant Related Party Transactions	During the years ended December 31, 2016, 2015 and 2014, the Group entered into the following significant related party transactions: Year Ended December 31, Related companies Nature of transactions 2016 2015 2014 Transactions with affiliated companies Crown’s subsidiaries and its associated company Consultancy and software license fee expense $ 1,699 $ 773 $ 699 Purchase of property and equipment 138 771 830 Short film production cost (4) — — 15,619 Lisboa Holdings Limited (“Lisboa”) (1) Office rental expense 1,377 1,597 1,810 Melco International’s subsidiaries and its associated company Management fee expense (2) 1,191 1,177 1,321 Purchase of property and equipment 315 7,758 2,852 Other service fee income 1,221 1,609 632 Shun Tak Holdings Limited and its subsidiaries and associated company (collectively referred to as the “Shun Tak Group”) (1) Office rental expense 280 238 199 Traveling expense (3) 3,890 3,685 3,641 Sky Shuttle Helicopters Limited (“Sky Shuttle”) (1) Traveling expense 920 1,021 1,399 Sociedade de Jogos de Macau S.A. (“SJM”) (1) Traveling expense (3) 340 395 515 Sociedade de Turismo e Diversões de Macau, S.A. and its subsidiaries (collectively referred to as the “STDM Group”) (1) Office rental expense 1,452 1,451 1,457 Notes (1) Companies in which a relative/relatives of Mr. Lawrence Yau Lung Ho, the Company’s Chief Executive Officer, has/have beneficial interests. (2) Management fee expense including the Company’s reimbursement to Melco International’s subsidiary for service fees incurred on its behalf for the operation of the office of the Company’s Chief Executive Officer. (3) Traveling expenses including ferry and hotel accommodation services within Hong Kong and Macau. (4) The amounts represent short film production cost pursuant to an assignment agreement entered into by a subsidiary of the Company and a subsidiary of Crown for assigning exclusively to a subsidiary of the Company a 50% share of a short film and all related elements. The short film was produced for the purpose of promoting the Company’s properties in Asia and Crown’s properties in Australia.
Schedule of Outstanding Balances Arising from Operating Income or Prepayment of Operating Expenses	The outstanding balances arising from operating income or prepayment of operating expenses as of December 31, 2016 and 2015 are as follows: December 31, 2016 2015 Melco International’s subsidiaries $ 1,012 $ 1,174 Crown and its subsidiary 90 — Shun Tak Group 1 1 $ 1,103 $ 1,175
Schedule of Outstanding Balances Arising from Operating Expenses	The outstanding balances arising from operating expenses and expenses paid by affiliated companies on behalf of the Group as of December 31, 2016 and 2015 are as follows: December 31, 2016 2015 Crown’s subsidiary and associated company $ 2,063 $ 1,935 Shun Tak Group 519 231 Sky Shuttle 238 87 Melco International and its subsidiaries 88 — SJM 75 98 STDM Group 33 87 Lisboa 12 26 $ 3,028 $ 2,464

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Total Assets	Total Assets December 31, 2016 2015 2014 Macau: Mocha Clubs $ 135,707 $ 145,631 $ 173,150 Altira Macau 473,731 496,455 501,105 City of Dreams 3,193,895 3,183,460 3,133,680 Studio City 3,466,291 3,769,284 3,902,717 Sub-total 7,269,624 7,594,830 7,710,652 The Philippines: City of Dreams Manila 825,247 941,926 1,064,459 Corporate and Others 1,245,470 1,725,553 1,485,669 Total consolidated assets $ 9,340,341 $ 10,262,309 $ 10,260,780
Capital Expenditures	December 31, 2016 2015 2014 Macau: Mocha Clubs $ 135,707 $ 145,631 $ 173,150 Altira Macau 473,731 496,455 501,105 City of Dreams 3,193,895 3,183,460 3,133,680 Studio City 3,466,291 3,769,284 3,902,717 Sub-total 7,269,624 7,594,830 7,710,652 The Philippines: City of Dreams Manila 825,247 941,926 1,064,459 Corporate and Others 1,245,470 1,725,553 1,485,669 Total consolidated assets $ 9,340,341 $ 10,262,309 $ 10,260,780 Capital Expenditures Year Ended December 31, 2016 2015 2014 Macau: Mocha Clubs $ 7,763 $ 6,446 $ 13,116 Altira Macau 3,031 18,404 21,984 City of Dreams 359,258 331,503 264,922 Studio City 62,754 968,696 907,455 Sub-total 432,806 1,325,049 1,207,477 The Philippines: City of Dreams Manila 3,621 98,884 405,196 Corporate and Others 1,485 31,909 24,632 Total capital expenditures $ 437,912 $ 1,455,842 $ 1,637,305
Results of Operations of Segments	The Group’s segment information and reconciliation to net income attributable to Melco Resorts & Entertainment Limited is as follows: Year Ended December 31, 2016 2015 2014 NET REVENUES Macau: Mocha Clubs $ 120,491 $ 136,217 $ 147,373 Altira Macau 439,127 574,848 744,850 City of Dreams 2,590,824 2,794,673 3,848,623 Studio City 838,179 125,303 1,767 Sub-total 3,988,621 3,631,041 4,742,613 The Philippines: City of Dreams Manila 491,235 300,409 7,564 Corporate and Others 39,540 43,350 52,132 Total net revenues $ 4,519,396 $ 3,974,800 $ 4,802,309 ADJUSTED PROPERTY EBITDA (1) Macau: Mocha Clubs $ 23,789 $ 30,259 $ 36,337 Altira Macau 5,116 36,261 84,795 City of Dreams 742,291 798,504 1,165,632 Studio City 155,985 11,594 (1,296 ) Sub-total 927,181 876,618 1,285,468 The Philippines: City of Dreams Manila 160,336 55,366 6 Total adjusted property EBITDA 1,087,517 931,984 1,285,474 OPERATING COSTS AND EXPENSES Payments to the Philippine Parties (34,403 ) (16,547 ) (870 ) Pre-opening (3,883 ) (168,172 ) (90,556 ) Development costs (95 ) (110 ) (10,734 ) Amortization of gaming subconcession (57,237 ) (57,237 ) (57,237 ) Amortization of land use rights (22,816 ) (54,056 ) (64,471 ) Depreciation and amortization (472,219 ) (359,341 ) (246,686 ) Land rent to Belle (3,327 ) (3,476 ) (3,562 ) Share-based compensation (18,487 ) (20,827 ) (20,401 ) Property charges and others (5,298 ) (38,068 ) (8,698 ) Net gain on disposal of property and equipment to Belle 8,134 — — Gain on disposal of assets held for sale — — 22,072 Corporate and Others expenses (114,770 ) (115,735 ) (118,971 ) Total operating costs and expenses (724,401 ) (833,569 ) (600,114 ) OPERATING INCOME $ 363,116 $ 98,415 $ 685,360 Year Ended December 31, 2016 2015 2014 NON-OPERATING Interest income $ 5,951 $ 13,900 $ 20,025 Interest expenses, net of capitalized interest (223,567 ) (118,330 ) (124,090 ) Amortization of deferred financing costs (48,345 ) (38,511 ) (28,055 ) Loan commitment and other finance fees (7,451 ) (7,328 ) (18,976 ) Foreign exchange gains (losses), net 7,356 (2,156 ) (6,155 ) Other income, net 3,572 2,317 2,313 Loss on extinguishment of debt (17,435 ) (481 ) — Costs associated with debt modification (8,101 ) (7,603 ) — Total non-operating (288,020 ) (158,192 ) (154,938 ) INCOME (LOSS) BEFORE INCOME TAX 75,096 (59,777 ) 530,422 INCOME TAX EXPENSE (8,178 ) (1,031 ) (3,036 ) NET INCOME (LOSS) 66,918 (60,808 ) 527,386 NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 108,988 166,555 80,894 NET INCOME ATTRIBUTABLE TO MELCO RESORTS & ENTERTAINMENT LIMITED $ 175,906 $ 105,747 $ 608,280 Note (1) “Adjusted property EBITDA” is earnings before interest, taxes, depreciation, amortization, pre-opening non-operating
Long-Lived Assets	Long-lived Assets December 31, 2016 2015 2014 Macau $ 6,330,624 $ 6,355,934 $ 5,366,692 The Philippines 533,477 691,729 728,999 Hong Kong and other foreign countries 1,493 2,390 1,817 Total long-lived assets $ 6,865,594 $ 7,050,053 $ 6,097,508

CHANGE IN SHAREHOLDING OF THE50

CHANGE IN SHAREHOLDING OF THE PHILIPPINE SUBSIDIARIES (Tables)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Effects of Changes in Company's Ownership Interest	The schedule below discloses the effects of changes in the Company’s ownership interest in MCP on the Company’s equity: Year Ended December 31, 2016 2015 2014 Net income attributable to Melco Resorts & Entertainment Limited $ 175,906 $ 105,747 $ 608,280 Transfers (to) from noncontrolling interests: Decrease in Melco Resorts & Entertainment Limited additional paid-in (761 ) — — Decrease in Melco Resorts & Entertainment Limited additional paid-in — (7,368 ) — Decrease in Melco Resorts & Entertainment Limited additional paid-in (543 ) (1,740 ) — Increase in Melco Resorts & Entertainment Limited additional paid-in — — 57,293 Changes from net income attributable to Melco Resorts & Entertainment Limited’s shareholders and transfers from noncontrolling interests $ 174,602 $ 96,639 $ 665,573

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2016
Buildings [Member] | Minimum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	4 years
Buildings [Member] | Maximum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	40 years
Transportation [Member] | Minimum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	5 years
Transportation [Member] | Maximum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	10 years
Leasehold improvements [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	3 to 10 years or over the lease term, whichever is shorter
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	2 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	15 years
Plant and gaming machinery [Member] | Minimum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	3 years
Plant and gaming machinery [Member] | Maximum [Member]
Property and Equipment [Line Items]
Estimated Useful Lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN52

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Significant Accounting Policies [Line Items]
Interest expenses incurred	$ 252,600,000	$ 253,168,000	$ 220,974,000
Interest expenses capitalized	29,033,000	134,838,000	96,884,000
Amortization of deferred financing costs, before capitalization	48,345,000	38,511,000	28,055,000
Amortization of deferred financing cost, capitalized	0	5,458,000	0
Impairment loss recognized on property and equipment	(3,245,000)	0	(4,146,000)
Gaming taxes and license fees	1,826,061,000	1,717,805,000	2,275,610,000
Total advertising and promotional expenses	$ 83,068,000	107,383,000	$ 47,906,000
Percentage of tax benefit greater than likelihood	50.00%
Deferred financing costs, net	$ 27,235,000	32,335,000
Land concession contracts [Member]
Schedule Of Significant Accounting Policies [Line Items]
Initial contract term (in years)	25 years
Contract term of further renewable consecutive periods (in years)	10 years
Altira Macau - Taipa Land [Member]
Schedule Of Significant Accounting Policies [Line Items]
Initial expiry dates of land use rights	2031-03
End dates of estimated term of the land use rights effective from October 1, 2015	2047-04
City of Dreams - Cotai Land [Member]
Schedule Of Significant Accounting Policies [Line Items]
Initial expiry dates of land use rights	2033-08
End dates of estimated term of the land use rights effective from October 1, 2015	2049-05
Studio City - Studio City Land [Member]
Schedule Of Significant Accounting Policies [Line Items]
Initial expiry dates of land use rights	2026-10
End dates of estimated term of the land use rights effective from October 1, 2015	2055-10
Land Use Rights Assets [Member]
Schedule Of Significant Accounting Policies [Line Items]
Increase in net income		$ 6,763,000
Increase in basic and diluted earnings per share		$ 0.004
Reduction in amortization		$ 10,413,000
Adjustments for New Accounting Pronouncement [Member] | Scenario, Previously Reported [Member] | Long Term Prepayment Deposits and Other Assets [Member]
Schedule Of Significant Accounting Policies [Line Items]
Deferred financing costs, net		32,335,000
Adjustments for New Accounting Pronouncement [Member] | Scenario, Previously Reported [Member] | Long Term Debt Net [Member]
Schedule Of Significant Accounting Policies [Line Items]
Deferred financing costs, net		143,804,000
Adjustments for New Accounting Pronouncement [Member] | Scenario, Previously Reported [Member] | Current Portion of Long Term Debt Net [Member]
Schedule Of Significant Accounting Policies [Line Items]
Deferred financing costs, net		3,669,000
Adjustments for New Accounting Pronouncement [Member] | Restatement Adjustment [Member] | Long Term Prepayment Deposits and Other Assets [Member]
Schedule Of Significant Accounting Policies [Line Items]
Deferred financing costs, net		32,335,000
Adjustments for New Accounting Pronouncement [Member] | Restatement Adjustment [Member] | Long Term Debt Net [Member]
Schedule Of Significant Accounting Policies [Line Items]
Non-current portion of unamortized deferred financing costs		143,804,000
Adjustments for New Accounting Pronouncement [Member] | Restatement Adjustment [Member] | Current Portion of Long Term Debt Net [Member]
Schedule Of Significant Accounting Policies [Line Items]
Current portion of unamortized deferred financing costs		$ 3,669,000
Share options [Member]
Schedule Of Significant Accounting Policies [Line Items]
Outstanding shares excluded from the computation of diluted net income	9,404,584	4,778,880	2,519,037
Restricted shares [Member]
Schedule Of Significant Accounting Policies [Line Items]
Outstanding shares excluded from the computation of diluted net income	95,664	237,855	701,681
Buildings [Member]
Schedule Of Significant Accounting Policies [Line Items]
Reduction in depreciation		$ 5,827,000
Increase in net income		$ 5,827,000
Increase in basic and diluted earnings per share		$ 0.004
Buildings [Member] | Altira Macau [Member]
Schedule Of Significant Accounting Policies [Line Items]
Initial useful lives of property plant and equipment	25 years
Revised estimated useful lives of property plant and equipment effective from October 1, 2015	40 years
Buildings [Member] | City of Dreams [Member]
Schedule Of Significant Accounting Policies [Line Items]
Initial useful lives of property plant and equipment	25 years
Revised estimated useful lives of property plant and equipment effective from October 1, 2015	40 years

SUMMARY OF SIGNIFICANT ACCOUN53

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Cost of Providing Promotional Allowances (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Income and Expenses [Abstract]
Rooms	$ 30,865	$ 24,625	$ 22,282
Food and beverage	79,719	64,676	53,941
Entertainment, retail and others	16,057	9,365	7,683
Total casino expenses	$ 126,641	$ 98,666	$ 83,906

SUMMARY OF SIGNIFICANT ACCOUN54

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted Average Number of Ordinary and Ordinary Equivalent Shares Used in Calculation of Basic and Diluted Net Income (Detail) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share [Abstract]
Weighted average number of ordinary shares outstanding used in the calculation of basic net income attributable to Melco Resorts & Entertainment Limited per share	1,516,714,277	1,617,263,041	1,647,571,547
Incremental weighted average number of ordinary shares from assumed vesting of restricted shares and exercise of share options using the treasury stock method	8,569,995	9,845,729	12,931,583
Weighted average number of ordinary shares outstanding used in the calculation of diluted net income attributable to Melco Resorts & Entertainment Limited per share	1,525,284,272	1,627,108,770	1,660,503,130

SUMMARY OF SIGNIFICANT ACCOUN55

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Components of Group's Accumulated Other Comprehensive Losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Foreign currency translation adjustment	$ (24,768)	$ (21,897)
Change in fair value of interest rate swap agreements	0	(37)
Accumulated Other Comprehensive Loss	$ (24,768)	$ (21,934)

ACCOUNTS RECEIVABLE, NET - Comp

ACCOUNTS RECEIVABLE, NET - Components of Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 491,369	$ 482,384
Less: allowance for doubtful debts	(265,931)	(210,757)	$ (168,786)	$ (143,334)
Accounts receivable, net	225,438	271,627
Casino [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	480,227	466,259
Hotel [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	4,224	8,427
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 6,918	$ 7,698

ACCOUNTS RECEIVABLE, NET - Addi

ACCOUNTS RECEIVABLE, NET - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Accounts receivable written off	$ 3,039	$ 1,350	$ 7,690

ACCOUNTS RECEIVABLE, NET - Move

ACCOUNTS RECEIVABLE, NET - Movement of Allowance for Doubtful Debts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
At beginning of year	$ 210,757	$ 168,786	$ 143,334
Additional allowance, net of recoveries	64,747	37,978	29,979
Reclassified (to) from long-term receivables, net	(9,573)	3,993	(4,527)
At end of year	$ 265,931	$ 210,757	$ 168,786

ASSETS HELD FOR SALE - Addition

ASSETS HELD FOR SALE - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2014HKD
Asset Retirement Obligation Disclosure [Abstract]
Total consideration of properties disposed			$ 30,848	HKD 240,000,000
Gain on disposal of assets held for sale	$ 0	$ 0	$ 22,072

PROPERTY AND EQUIPMENT, NET - C

PROPERTY AND EQUIPMENT, NET - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property and Equipment, Net
Cost	$ 7,798,255	$ 7,486,719
Less: accumulated depreciation and amortization	(2,142,432)	(1,726,490)
Property and equipment, net	5,655,823	5,760,229
Buildings [Member]
Property and Equipment, Net
Cost	5,179,324	4,944,672
Furniture, fixtures and equipment [Member]
Property and Equipment, Net
Cost	898,038	885,724
Leasehold improvements [Member]
Property and Equipment, Net
Cost	755,804	775,422
Plant and gaming machinery [Member]
Property and Equipment, Net
Cost	225,146	228,591
Transportation [Member]
Property and Equipment, Net
Cost	87,281	88,590
Construction in progress [Member]
Property and Equipment, Net
Cost	$ 652,662	$ 563,720

PROPERTY AND EQUIPMENT, NET - A

PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Costs capitalized to construction in progress	$ 88,607	$ 69,311
Cost of property and equipment held under capital lease	237,858	251,176
Accumulated depreciation and amortization of property and equipment held under capital lease	$ 26,438	$ 14,322

GAMING SUBCONCESSION, NET - Sch

GAMING SUBCONCESSION, NET - Schedule of Gaming Subconcession, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Deemed cost	$ 900,000	$ 900,000
Less: accumulated amortization	(586,680)	(529,443)
Gaming subconcession, net	$ 313,320	$ 370,557

GAMING SUBCONCESSION, NET - Add

GAMING SUBCONCESSION, NET - Additional Information (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of gaming subconcession, year 2017	$ 57,237
Amortization of gaming subconcession, year 2018	57,237
Amortization of gaming subconcession, year 2019	57,237
Amortization of gaming subconcession, year 2020	57,237
Amortization of gaming subconcession, year 2021	57,237
Amortization of gaming subconcession, year 2022	$ 27,135

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Recognized impairment loss	$ 0	$ 0	$ 0

LONG-TERM PREPAYMENTS, DEPOSI65

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Schedule of Long-Term Prepayments, Deposits and Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long Term Prepayment Deposits and Other Assets [Abstract]
Entertainment production costs	$ 76,884	$ 77,284
Less: accumulated amortization	(51,744)	(43,888)
Entertainment production costs, net	25,140	33,396
Other long-term prepayments and other assets	36,240	40,596
Advance payments for construction costs	33,783	26,544
Deferred rent assets	32,219	10,393
Deferred financing costs, net	27,235	32,335
Input value-added tax, net	19,392	23,281
Other deposits	15,143	16,265
Long-term receivables, net	5,759	9,202
Long-term prepayments, deposits and other assets	$ 194,911	$ 192,012

LONG-TERM PREPAYMENTS, DEPOSI66

LONG-TERM PREPAYMENTS, DEPOSITS AND OTHER ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Long Term Prepayment Deposits and Other Assets [Abstract]
Useful life of the entertainment	Over 10 years or the respective estimated useful life of the entertainment show, whichever is shorter.
Provision for value-added tax receivables	$ 5,459	$ 30,254	$ 0
Accounts receivables reclassified from (to) long-term receivables	6,128	5,111	8,642
Reclassified from (to) long-term receivables, net	$ (9,573)	$ 3,993	$ (4,527)

LAND USE RIGHTS, NET - Schedule

LAND USE RIGHTS, NET - Schedule of Land Use Rights, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Land Use Rights [Line Items]
Land use rights, gross	$ 1,199,617	$ 1,199,617
Less: accumulated amortization	(389,301)	(366,485)
Land use rights, net	810,316	833,132
Altira Macau - Taipa Land [Member]
Land Use Rights [Line Items]
Land use rights, gross	146,475	146,475
City of Dreams - Cotai Land [Member]
Land Use Rights [Line Items]
Land use rights, gross	399,578	399,578
Studio City - Studio City Land [Member]
Land Use Rights [Line Items]
Land use rights, gross	$ 653,564	$ 653,564

ACCRUED EXPENSES AND OTHER CU68

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounts Payable and Accrued Liabilities, Current [Abstract]
Outstanding gaming chips and tokens	$ 395,572	$ 184,223
Customer deposits and ticket sales	259,693	83,265
Staff cost accruals	200,031	123,978
Gaming tax and license fees accruals	159,802	185,223
Construction costs payables	141,681	189,592
Operating expense and other accruals and liabilities	133,669	143,318
Property and equipment payables	41,362	87,291
Interest expenses payable	38,133	32,755
Escrow funds refundable to the Philippine Parties		23,417
Land use rights payable		3,788
Total Accrued Expenses and Other Current Liabilities	$ 1,369,943	$ 1,056,850

LONG-TERM DEBT, NET - Summary o

LONG-TERM DEBT, NET - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long-Term Debt [Line Items]
Long-term debt, net	$ 3,720,275	$ 3,815,232
Current portion of long-term debt, net	(50,583)	(102,836)
Non current portion of long-term debt, net	3,669,692	3,712,396
Total Credit Facility [Member] | 2015 Credit Facilities [Member]
Long-Term Debt [Line Items]
Long-term debt, net	469,116	488,886
Total Credit Facility [Member] | Studio City Project Facility [Member]
Long-Term Debt [Line Items]
Long-term debt, net	0	1,243,844
Total Credit Facility [Member] | 2016 Studio City Credit Facilities [Member]
Long-Term Debt [Line Items]
Long-term debt, net	129	0
Term Loan Facility [Member] | Aircraft Term Loan [Member]
Long-Term Debt [Line Items]
Long-term debt, net	16,537	22,705
Senior Notes [Member] | 2012 Studio City Notes [Member]
Long-Term Debt [Line Items]
Long-term debt, net	812,444	809,871
Senior Notes [Member] | 2013 Senior Notes [Member]
Long-Term Debt [Line Items]
Long-term debt, net	947,313	936,514
Senior Notes [Member] | Philippine Notes [Member]
Long-Term Debt [Line Items]
Long-term debt, net	298,085	313,412
2016 Studio City Secured Notes [Member] | 2016 7.250% SC Secured Notes [Member]
Long-Term Debt [Line Items]
Long-term debt, net	833,404	0
2016 Studio City Secured Notes [Member] | 2016 5.875% SC Secured Notes [Member]
Long-Term Debt [Line Items]
Long-term debt, net	$ 343,247	$ 0

LONG-TERM DEBT, NET - Summary70

LONG-TERM DEBT, NET - Summary of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Long-Term Debt [Line Items]
Current portion of unamortized deferred financing costs	$ 906	$ 3,669
2012 Studio City Notes [Member] | Senior Notes [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs	12,556	15,129
2013 Senior Notes [Member] | Senior Notes [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs	52,687	63,486
2016 7.250% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs	16,596
2016 5.875% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs	6,753
Philippine Notes [Member] | Senior Notes [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs	3,041	4,614
Total Credit Facility [Member] | 2015 Credit Facilities [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs	$ 9,611	12,399
Total Credit Facility [Member] | Studio City Project Facility [Member]
Long-Term Debt [Line Items]
Unamortized deferred financing costs		$ 51,845

LONG-TERM DEBT, NET (2015 Credi

LONG-TERM DEBT, NET (2015 Credit Facilities) - Additional Information (Detail) $ in Thousands	Jun. 29, 2015USD ($)	Jun. 30, 2011USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016HKD	Jun. 29, 2015HKD	Dec. 31, 2011USD ($)	Dec. 31, 2011HKD	Jun. 30, 2011HKD
Long-Term Debt [Line Items]
Loss on extinguishment of debt			$ 17,435	$ 481	$ 0
Costs associated with debt modification			8,101	7,603	0
Total outstanding borrowings			3,821,519	3,962,705
2011 Credit Facilities [Member] | Total Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 1,203,362	$ 1,203,362					HKD 9,362,160,000			HKD 9,362,160,000
Loan commitment fees recognized				1,385	$ 2,808
Loss on extinguishment of debt				481
2011 Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member] | Minimum [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate		1.75%
2011 Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member] | Maximum [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate		2.75%
2011 Credit Facilities [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 802,241								6,241,440,000
Amount drawn down as of the date								$ 802,241	HKD 6,241,440,000
2011 Credit Facilities [Member] | Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity		$ 401,121								HKD 3,120,720,000
2015 Credit Facilities [Member] | Total Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 1,750,000						13,650,000,000
Loan commitment fees recognized			$ 4,800	3,100
Costs associated with debt modification				592
Costs capitalized as deferred finance costs				$ 46,507
2015 Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member] | Initial Interest Period [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	1.75%
Initial interest period, description			For the six months from June 29, 2015
2015 Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member] | Minimum [Member] | After Initial Interest Period [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	1.25%
2015 Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member] | Maximum [Member] | After Initial Interest Period [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	2.50%
2015 Credit Facilities [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 500,000						3,900,000,000
Amount drawn down as of the date			$ 500,000			HKD 3,900,000,000
Total outstanding borrowings			$ 478,727			3,724,500,000
Maturity date			Jun. 29, 2021
2015 Credit Facilities [Member] | Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	1,250,000						HKD 9,750,000,000
Amount available for future drawdown			$ 1,250,000			HKD 9,750,000,000
Maturity date			Jun. 29, 2020
2015 Credit Facilities [Member] | Incremental Facilities [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 1,300,000

LONG-TERM DEBT, NET (Aircraft T

LONG-TERM DEBT, NET (Aircraft Term Loan) - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 25, 2012	Dec. 31, 2016	Dec. 31, 2015
Long-Term Debt [Line Items]
Carrying value of aircraft		$ 5,655,823	$ 5,760,229
Aircraft Term Loan [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Term loan facility, maximum borrowing capacity	$ 43,000
Amount drawn down as of the date		$ 43,000
Maturity date		Jun. 27, 2019
Aircraft Term Loan [Member] | Term Loan Facility [Member] | Aircraft [Member]
Long-Term Debt [Line Items]
Carrying value of aircraft		$ 31,781
Aircraft Term Loan [Member] | Term Loan Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	2.80%

LONG-TERM DEBT, NET (2012 Studi

LONG-TERM DEBT, NET (2012 Studio City Notes) - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 26, 2012	Dec. 31, 2016	Dec. 31, 2015
Long-Term Debt [Line Items]
Total long-term debt		$ 3,821,519	$ 3,962,705
2012 Studio City Notes [Member] | Senior Notes [Member]
Long-Term Debt [Line Items]
Total long-term debt	$ 825,000
Purchase price as percentage of principal	100.00%
Maturity date		Dec. 1, 2020
Interest rate per annum	8.50%
Net assets restricted from distribution		$ 799,000

LONG-TERM DEBT, NET (2013 Senio

LONG-TERM DEBT, NET (2013 Senior Notes) - Additional Information (Detail) - USD ($) $ in Thousands	Feb. 07, 2013	Dec. 31, 2016	Dec. 31, 2015
Long-Term Debt [Line Items]
Total long-term debt		$ 3,821,519	$ 3,962,705
2013 Senior Notes [Member] | Senior Notes [Member]
Long-Term Debt [Line Items]
Purchase price as percentage of principal	100.00%
Total long-term debt	$ 1,000,000
Maturity date		Feb. 15, 2021
Interest rate per annum	5.00%
2013 Senior Notes [Member] | Senior Notes [Member] | Prior to February 15, 2016 [Member]
Long-Term Debt [Line Items]
Maximum redeemable percentage of principal prior to a specific date for partial redemption	35.00%

LONG-TERM DEBT, NET (Studio Cit

LONG-TERM DEBT, NET (Studio City Project Facility) - Additional Information (Detail) $ in Thousands	Nov. 30, 2016USD ($)	Nov. 30, 2016HKD	Jan. 28, 2013USD ($)	Dec. 31, 2016USD ($)Agreement	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Nov. 30, 2016HKD	Nov. 30, 2015USD ($)	Jan. 28, 2013HKD
Long-Term Debt [Line Items]
Costs associated with debt modification				$ 8,101	$ 7,603	$ 0
Studio City Project Facility [Member] | Total Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity			$ 1,395,357						HKD 10,855,880,000
Costs associated with debt modification					7,011
Loan commitment fees recognized				$ 1,647	$ 1,794	$ 15,153
Liability cap on contingent equity undertaking or similar			$ 225,000
Cash Collateral released from restricted cash on November 30, 2015 according to the Amendments to the Studio City Project Facility								$ 225,000
Studio City Project Facility [Member] | Total Credit Facility [Member] | Until Specific Date [Member] | Hong Kong Interbank Offered Rate HIBOR [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate			4.50%
Specific date up to and after that different interest rate margin applied			Sep. 30, 2016
Studio City Project Facility [Member] | Total Credit Facility [Member] | After Specific Date [Member] | Minimum [Member] | Hong Kong Interbank Offered Rate HIBOR [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate			3.75%
Specific date up to and after that different interest rate margin applied			Sep. 30, 2016
Studio City Project Facility [Member] | Total Credit Facility [Member] | After Specific Date [Member] | Maximum [Member] | Hong Kong Interbank Offered Rate HIBOR [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate			4.50%
Specific date up to and after that different interest rate margin applied			Sep. 30, 2016
Studio City Project Facility [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity			$ 1,295,689						10,080,460,000
Voluntary repayments	$ 1,256,690	HKD 9,777,046,200
Minimum percentage of aggregate of drawn Studio City Term Loan Facility and the Studio City Notes to be hedged			50.00%
Studio City Project Facility [Member] | Term Loan Facility [Member] | Interest Rate Swap [Member]
Long-Term Debt [Line Items]
Number of outstanding agreements entered | Agreement				0
Studio City Project Facility [Member] | Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity			$ 99,668						HKD 775,420,000
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 30,077						HKD 234,000,000
Costs associated with debt modification				$ 8,101
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	4.00%	4.00%
2016 Studio City Credit Facilities [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 129						1,000,000
2016 Studio City Credit Facilities [Member] | Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 29,948						HKD 233,000,000

LONG-TERM DEBT, NET (2016 Studi

LONG-TERM DEBT, NET (2016 Studio City Credit Facilities) - Additional Information (Detail) $ in Thousands	Nov. 30, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016HKD	Nov. 30, 2016HKD	Jan. 28, 2013USD ($)	Jan. 28, 2013HKD
Long-Term Debt [Line Items]
Loss on extinguishment of debt		$ 17,435	$ 481	$ 0
Costs associated with debt modification		8,101	7,603	$ 0
Total outstanding borrowings		3,821,519	3,962,705
Studio City Project Facility [Member] | Total Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity							$ 1,395,357	HKD 10,855,880,000
Loss on extinguishment of debt		17,435
Costs associated with debt modification			$ 7,011
Studio City Project Facility [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity							1,295,689	10,080,460,000
Studio City Project Facility [Member] | Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity							$ 99,668	HKD 775,420,000
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 30,077					HKD 234,000,000
Costs associated with debt modification		$ 8,101
Maturity date		Nov. 30, 2021
Net assets restricted from distribution		$ 856,000
2016 Studio City Credit Facilities [Member] | Total Credit Facility [Member] | Hong Kong Interbank Offered Rate HIBOR [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	4.00%
2016 Studio City Credit Facilities [Member] | Term Loan Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 129					1,000,000
Amount drawn down as of the date		129			HKD 1,000,000
Total outstanding borrowings		129			1,000,000
Term loan facility, cash collateral	130					1,012,500
2016 Studio City Credit Facilities [Member] | Revolving Credit Facility [Member]
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 29,948					HKD 233,000,000
Amount available for future drawdown		$ 29,948			HKD 233,000,000

LONG-TERM DEBT, NET (2016 Stu77

LONG-TERM DEBT, NET (2016 Studio City Secured Notes) - Additional Information (Detail) - USD ($) $ in Thousands	Nov. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Long-Term Debt [Line Items]
Total long-term debt		$ 3,821,519	$ 3,962,705
2016 5.875% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member]
Long-Term Debt [Line Items]
Total long-term debt	$ 350,000
Interest rate per annum	5.875%
Maturity date	Nov. 30, 2019
2016 5.875% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member] | Prior to November 30, 2019 [Member]
Long-Term Debt [Line Items]
Maximum redeemable percentage of principal prior to a specific date for partial redemption	35.00%
2016 7.250% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member]
Long-Term Debt [Line Items]
Total long-term debt	$ 850,000
Interest rate per annum	7.25%
Maturity date	Nov. 30, 2021
2016 7.250% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member] | Prior to November 30, 2018 [Member]
Long-Term Debt [Line Items]
Maximum redeemable percentage of principal prior to a specific date for partial redemption	35.00%
Total 2016 5.875% and 7.250% SC Secured Notes [Member] | 2016 Studio City Secured Notes [Member]
Long-Term Debt [Line Items]
Purchase price as percentage of principal	100.00%
Net assets restricted from distribution		$ 856,000

LONG-TERM DEBT, NET (Philippine

LONG-TERM DEBT, NET (Philippine Notes) - Additional Information (Detail) - Philippine Notes [Member] - Senior Notes [Member] $ in Thousands, PHP in Billions	Jan. 24, 2014USD ($)	Dec. 31, 2016	Jan. 24, 2014PHP
Long-Term Debt [Line Items]
Philippine Notes, face amount	$ 336,825		PHP 15
Purchase price as percentage of principal	100.00%
Interest rate per annum	5.00%		5.00%
Maturity date		Jan. 24, 2019
Redemption price percentage prior to January 24, 2015	100.00%

LONG-TERM DEBT, NET (Philippi79

LONG-TERM DEBT, NET (Philippine Credit Facility) - Additional Information (Detail) - Philippine Credit Facility [Member] - Line of Credit [Member] $ in Thousands	Oct. 14, 2015USD ($)	Dec. 31, 2016	Oct. 14, 2015PHP
Long-Term Debt [Line Items]
Credit facility, maximum borrowing capacity	$ 47,176		PHP 2,350,000,000
Interest rate, description		Interest at the higher of (i) the Philippine Dealing System Treasury Reference Rate PM (the "PDST-R2") of the selected interest period plus the applicable PDST-R2 margin of 1.25% per annum and (ii) Philippines Special Deposit Account Rate (the "SDA") of the selected interest period plus the applicable SDA margin ranging from 0.50% to 0.75% per annum. As of the date of this report, the Credit Facility availability period was extended to February 28, 2018 and the SDA is replaced by Philippines Term Deposit Facility Rate.
Maturity date, description		The Philippine Credit Facility availability period was extended from August 31, 2016 to November 29, 2016 and further extended to February 28, 2017 during the year ended December 31, 2016, and the maturity date of each individual drawdown cannot extend beyond the earlier of (i) the date which is one year from the date of drawdown, and (ii) 90 days after the end of the availability period. As of the date of this report, the Credit Facility availability period was extended to February 28, 2018 and the maturity date shall not extend beyond 180 days from February 28, 2018.
PDST-R2 [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	1.25%
Philippines Term Deposit Facility Rate [Member] | Minimum [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	0.50%
Philippines Term Deposit Facility Rate [Member] | Maximum [Member]
Long-Term Debt [Line Items]
Interest rate margin per annum added to applicable variable rate	0.75%

LONG-TERM DEBT, NET - Interest

LONG-TERM DEBT, NET - Interest on Long-Term Debt - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Average borrowing rate per annum	5.37%	5.40%	5.41%

LONG-TERM DEBT, NET - Scheduled

LONG-TERM DEBT, NET - Scheduled Maturities of Long-Term Debt (Excluding Unamortized Deferred Financing Costs) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Year ending December 31, 2017	$ 51,489
Year ending December 31, 2018	51,728
Year ending December 31, 2019	699,793
Year ending December 31, 2020	870,116
Year ending December 31, 2021	2,148,393
Total long-term debt	$ 3,821,519	$ 3,962,705

CAPITAL LEASE OBLIGATIONS - Add

CAPITAL LEASE OBLIGATIONS - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016
MCP Lease Agreement [Member]
Capital Leased Assets [Line Items]
Lease agreement expire date	Jul. 11, 2033

CAPITAL LEASE OBLIGATIONS - Fut

CAPITAL LEASE OBLIGATIONS - Future Minimum Lease Payments under Capital Lease Obligations (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Leases [Abstract]
Year Ending December 31, 2017	$ 33,026
Year Ending December 31, 2018	36,140
Year Ending December 31, 2019	39,515
Year Ending December 31, 2020	43,503
Year Ending December 31, 2021	47,944
Over 2,021	594,111
Total minimum lease payments	794,239
Less: amounts representing interest	(501,152)
Present value of minimum lease payments	293,087
Capital Lease Obligations, Current and Noncurrent
Current portion	(30,730)	$ (29,792)
Non-current portion	262,357	$ 270,477
Present value of minimum lease payments	$ 293,087

OTHER LONG-TERM LIABILITIES - S

OTHER LONG-TERM LIABILITIES - Schedule of Other Long-Term Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Other Liabilities, Noncurrent [Abstract]
Deferred rent liabilities	$ 15,357	$ 11,749
Staff cost accruals	14,579	47,979
Other liabilities	11,952	13,778
Other deposits received	7,399	7,456
Other long-term liabilities	$ 49,287	$ 80,962

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
The estimated fair value of long-term debt	$ 3,903,033	$ 3,855,538
The carrying value of long-term debt, excluding unamortized deferred financing costs	$ 3,821,519	$ 3,962,705

CAPITAL STRUCTURE - Shares Issu

CAPITAL STRUCTURE - Shares Issued By Company - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Capital Structure [Line Items]
Treasury shares, shares	10,823,770	12,935,230
New Shares Issued [Member]
Capital Structure [Line Items]
Treasury shares, shares	10,823,770	12,917,017
Ordinary Shares [Member]
Capital Structure [Line Items]
Shares issued for future vesting of restricted shares and exercise of share options (in shares)		940,419
Ordinary Shares [Member] | New Shares Issued [Member]
Capital Structure [Line Items]
Shares issued for future vesting of restricted shares and exercise of share options (in shares)	0	940,419	0
Treasury Shares [Member]
Capital Structure [Line Items]
Shares issued for future vesting of restricted shares and exercise of share options (in shares)		(940,419)
Issuance of shares for restricted shares vested (in shares)	303,318	136,809	1,068,534
Exercise of share options (in shares)	1,789,929	1,368,747	928,299
Treasury Shares [Member] | New Shares Issued [Member]
Capital Structure [Line Items]
Shares issued for future vesting of restricted shares and exercise of share options (in shares)	0	940,419	0
Issuance of shares for restricted shares vested (in shares)	303,318	136,809	1,068,534
Exercise of share options (in shares)	1,789,929	1,368,747	928,299

CAPITAL STRUCTURE - Shares Purc

CAPITAL STRUCTURE - Shares Purchased under Trust Arrangement - Additional Information (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Capital Structure [Line Items]
Treasury shares, shares	10,823,770	12,935,230
Shares Purchased Under Trust Arrangement [Member]
Capital Structure [Line Items]
Treasury shares, shares	0	18,213
Treasury Shares [Member]
Capital Structure [Line Items]
Shares purchased under trust arrangement for future vesting of restricted shares (in ADSs or in shares)			(208,278)
Transfer of shares purchased under trust arrangement for restricted shares vested (in shares)	18,213	466,203	467,121
Treasury Shares [Member] | Shares Purchased Under Trust Arrangement [Member]
Capital Structure [Line Items]
Shares purchased under trust arrangement for future vesting of restricted shares (in ADSs or in shares)	0	0	208,278
Transfer of shares purchased under trust arrangement for restricted shares vested (in shares)	18,213	466,203	467,121
Shares purchased under trust arrangement, average market price per ADS or per share			$ 8.26
Treasury Shares [Member] | Shares Purchased Under Trust Arrangement [Member] | American Depository Shares [Member]
Capital Structure [Line Items]
Shares purchased under trust arrangement for future vesting of restricted shares (in ADSs or in shares)			69,426
Shares purchased under trust arrangement, average market price per ADS or per share			$ 24.79

CAPITAL STRUCTURE - Shares Repu

CAPITAL STRUCTURE - Shares Repurchased for Retirement - Additional Information (Detail) - USD ($)	May 09, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 20, 2015	Aug. 07, 2014
Capital Structure [Line Items]
Shares repurchased for retirement				$ 300,495,000
Treasury shares, shares		10,823,770	12,935,230
Retirement of repurchased shares		$ 803,171,000
Ordinary shares, issued		1,475,924,523	1,630,924,523
Ordinary shares, outstanding		1,465,100,753	1,617,989,293
Shares Purchased For Retirement [Member]
Capital Structure [Line Items]
Treasury shares, shares		0	0
Treasury Shares [Member]
Capital Structure [Line Items]
Shares repurchased for retirement (in ADSs or in shares)				(36,649,344)
Retirement of shares (in shares)			3,717,816	32,931,528
Shares repurchased for retirement				$ 300,495,000
Treasury Shares [Member] | 2015 Stock Repurchase Program [Member]
Capital Structure [Line Items]
Stock repurchase program authorized amount					$ 500,000,000
Shares repurchased for retirement (in ADSs or in shares)		0	0
Retirement of shares (in shares)		0
Treasury Shares [Member] | 2014 Stock Repurchase Program [Member]
Capital Structure [Line Items]
Stock repurchase program authorized amount						$ 500,000,000
Shares repurchased for retirement (in ADSs or in shares)			0	36,649,344
Retirement of shares (in shares)			3,717,816	32,931,528
Share repurchase for retirement, average market price per ADS or per share				$ 8.20
Shares repurchased for retirement				$ 300,495,000
Treasury Shares [Member] | 2014 Stock Repurchase Program [Member] | American Depository Shares [Member]
Capital Structure [Line Items]
Shares repurchased for retirement (in ADSs or in shares)				12,216,448
Share repurchase for retirement, average market price per ADS or per share				$ 24.60
Ordinary Shares [Member]
Capital Structure [Line Items]
Retirement of shares (in shares)			(3,717,816)	(32,931,528)
Retirement of repurchased shares (in shares)		(155,000,000)
Retirement of repurchased shares		$ 1,550,000
Ordinary Shares [Member] | 2014 Stock Repurchase Program [Member]
Capital Structure [Line Items]
Retirement of shares (in shares)			3,717,816	32,931,528
Crown's subsidiary [Member] | Treasury Shares [Member]
Capital Structure [Line Items]
Share repurchase for retirement, average market price per ADS or per share	$ 5.1667
Share repurchased from shareholder for retirement (in ADSs or in shares)	155,000,000
Retirement of repurchased shares (in shares)		155,000,000
Share repurchased from shareholder for retirement	$ 800,839,000
Retirement of repurchased shares		$ 803,171,000
Crown's subsidiary [Member] | Treasury Shares [Member] | American Depository Shares [Member]
Capital Structure [Line Items]
Share repurchase for retirement, average market price per ADS or per share	$ 15.50
Share repurchased from shareholder for retirement (in ADSs or in shares)	51,666,666
Crown's subsidiary [Member] | Ordinary Shares [Member]
Capital Structure [Line Items]
Retirement of repurchased shares (in shares)		155,000,000

INCOME TAXES - Summary of Incom

INCOME TAXES - Summary of Income (Loss) before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Income Taxes [Line Items]
INCOME (LOSS) BEFORE INCOME TAX	$ 75,096	$ (59,777)	$ 530,422
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
INCOME (LOSS) BEFORE INCOME TAX	334,409	277,764	775,790
Hong Kong Profits Tax [Member]
Schedule Of Income Taxes [Line Items]
INCOME (LOSS) BEFORE INCOME TAX	(10,511)	(54,778)	(10,062)
Philippine Corporate Income Tax [Member]
Schedule Of Income Taxes [Line Items]
INCOME (LOSS) BEFORE INCOME TAX	(18,226)	(189,269)	(138,744)
Income Tax in Other Jurisdictions [Member]
Schedule Of Income Taxes [Line Items]
INCOME (LOSS) BEFORE INCOME TAX	$ (230,576)	$ (93,494)	$ (96,562)

INCOME TAXES - Summary of Inc90

INCOME TAXES - Summary of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income tax expense - current:
Income tax expense - current	$ 7,552	$ 4,286	$ 7,349
(Over) under provision of income tax in prior years:
(Over) under provision of income tax in prior years	(189)	(442)	158
Income tax (benefit) expense-deferred
Income tax (benefit) expense - deferred	815	(2,813)	(4,471)
Total income tax expense	8,178	1,031	3,036
Macau Complementary Tax [Member]
Income tax expense - current:
Income tax expense - current	2,832	408	2,761
(Over) under provision of income tax in prior years:
(Over) under provision of income tax in prior years	(224)	(423)	(57)
Income tax (benefit) expense-deferred
Income tax (benefit) expense - deferred	(1,074)	(3,351)	(3,917)
Lump sum in lieu of Macau Complementary Tax on dividend [Member]
Income tax expense - current:
Income tax expense - current	2,795	2,795	2,795
Hong Kong Profits Tax [Member]
Income tax expense - current:
Income tax expense - current	1,889	800	1,171
(Over) under provision of income tax in prior years:
(Over) under provision of income tax in prior years	39	(14)	124
Income tax (benefit) expense-deferred
Income tax (benefit) expense - deferred	(69)	32	(22)
Income Tax in Other Jurisdictions [Member]
Income tax expense - current:
Income tax expense - current	36	283	622
(Over) under provision of income tax in prior years:
(Over) under provision of income tax in prior years	(4)	(5)	91
Income tax (benefit) expense-deferred
Income tax (benefit) expense - deferred	$ 1,958	$ 506	$ (532)

INCOME TAXES - Schedule of Reco

INCOME TAXES - Schedule of Reconciliation of Income Tax Expense from Income (Loss) Before Income Tax (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
INCOME (LOSS) BEFORE INCOME TAX	$ 75,096	$ (59,777)	$ 530,422
Macau Complementary Tax rate	12.00%	12.00%	12.00%
Income tax expense (credit) at Macau Complementary Tax rate	$ 9,012	$ (7,173)	$ 63,651
Lump sum in lieu of Macau Complementary Tax on dividend	2,795	2,795	2,795
Effect of different tax rates of subsidiaries operating in other jurisdictions	(5,823)	(37,422)	(25,416)
(Over) under provision in prior years	(189)	(442)	158
Effect of income for which no income tax expense is payable	(1,960)	(1,850)	(2,272)
Effect of expenses for which no income tax benefit is receivable	30,475	18,824	12,441
Effect of profits generated by gaming operations exempted	(93,611)	(64,437)	(109,189)
Losses that cannot be carried forward	0	979	0
Change in valuation allowance	67,479	89,757	60,868
Total income tax expense	$ 8,178	$ 1,031	$ 3,036

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares	Dec. 31, 2013USD ($)	Dec. 31, 2013MOP
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12.00%	12.00%	12.00%
Expected increase (decrease) in net income attributable to the parent if taxes on casino gaming profits have been paid	$ (81,230,000)	$ (64,437,000)	$ (109,189,000)
Effective tax rate	10.90%	(1.70%)	0.60%
Valuation allowances	$ 226,113,000	$ 192,200,000
Adjusted operating tax loss carried forwards, expired	173,103,000
Aggregate undistributed earnings of foreign subsidiaries	95,037,000	6,630,000
Provision related to tax withholding for dividends	0	0
Deferred income tax liability, undistributed earnings	11,603,000	994,000
Interest and penalties related to uncertain tax positions recognized	$ 0	$ 0
Macau Complementary Tax [Member]
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	12.00%	12.00%	12.00%
Macau Complementary Tax [Member] | Basic [Member]
Schedule Of Income Taxes [Line Items]
Expected reduction in earnings per share if taxes on casino gaming profits have been paid | $ / shares	$ 0.054	$ 0.040	$ 0.066
Macau Complementary Tax [Member] | Diluted [Member]
Schedule Of Income Taxes [Line Items]
Expected reduction in earnings per share if taxes on casino gaming profits have been paid | $ / shares	$ 0.053	$ 0.040	$ 0.066
Hong Kong Profits Tax [Member]
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	16.50%	16.50%	16.50%
Statute of limitation for tax return	6 years
Philippine Corporate Income Tax [Member]
Schedule Of Income Taxes [Line Items]
Percentage of tax on estimated taxable income	30.00%	30.00%	30.00%
Corporate income tax rate on casino operations	30.00%
Statute of limitation for tax return	3 years
Lump sum in lieu of Macau Complementary Tax on dividend [Member]
Schedule Of Income Taxes [Line Items]
Annual lump sum in lieu of Macau Complementary tax on dividend				$ 2,795,000	MOP 22,400,000
Macau Tax [Member]
Schedule Of Income Taxes [Line Items]
Statute of limitation for tax return	5 years
Operating Tax Loss Carry Forwards Expiring 2017 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax loss carry forwards expiration	$ 222,310,000
Operating Tax Loss Carry Forwards Expiring 2018 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax loss carry forwards expiration	419,874,000
Operating Tax Loss Carry Forwards Expiring 2019 [Member]
Schedule Of Income Taxes [Line Items]
Adjusted operating tax loss carry forwards expiration	$ 289,868,000

INCOME TAXES - Schedule of Net

INCOME TAXES - Schedule of Net Deferred Tax Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Net operating loss carried forwards	$ 167,949	$ 149,616
Depreciation and amortization	24,248	15,644
Deferred deductible expenses	2,454	3,994
Deferred rents	26,326	21,243
Others	9,949	7,219
Sub-total	230,926	197,716
Valuation allowances
Current	(43,764)	(26,617)
Long-term	(182,349)	(165,583)
Sub-total	(226,113)	(192,200)
Total deferred tax assets	4,813	5,516
Deferred tax liabilities
Land use rights	(50,645)	(52,032)
Intangible assets	(505)	(505)
Unrealized capital allowance	(3,374)	(3,061)
Others	(6,588)	(5,414)
Total deferred tax liabilities	(61,112)	(61,012)
Deferred tax liabilities, net	$ (56,299)	$ (55,496)

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Detail) - USD ($)	Oct. 21, 2016	Mar. 18, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
2006 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The period which the maximum aggregate number of ordinary shares that can be issued			10 years
Maximum aggregate number of ordinary shares that can be issued			100,000,000
2006 Share Incentive Plan [Member] | Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 0
2011 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The period which the maximum aggregate number of ordinary shares that can be issued			10 years
Maximum aggregate number of ordinary shares that can be issued			100,000,000
The maximum percentage of issued share capital that can be issued for the share based awards plan upon shareholders' approval			10.00%
Remaining shares available for grant			80,981,010
Expected dividend yield			1.00%	1.40%	1.11%
Expected stock price volatility			46.08%	57.86%	69.56%
Risk-free interest rate			1.47%	1.59%	2.04%
Expected term (years)			5 years 7 months 6 days	6 years 1 month 6 days	6 years 1 month 6 days
2011 Share Incentive Plan [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of years the awards becomes exercisable		3 years
Number of Share Options, Granted		4,572,234
Weighted-Average Exercise Price per Share, Granted		$ 5.7567
Incremental share based compensation		$ 689,000
Expected dividend yield		1.00%
Expected stock price volatility		45.80%
Risk-free interest rate		1.31%
Expected term (years)		5 years 7 months 6 days
2011 Share Incentive Plan [Member] | Stock Option Modification [Member] | American Depository Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Exercise Price per Share, Granted		$ 17.27
2011 Share Incentive Plan [Member] | Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 14,519,000
Number of years the awards becomes exercisable			3 years
Expiration term of ordinary share options granted			10 years
Number of Share Options, Granted			4,951,014
Weighted-Average Exercise Price per Share, Granted			$ 5.74
Period of recognition of unrecognized compensation cost			2 years 2 months 23 days
Number of shares options, forfeited			272,537
2011 Share Incentive Plan [Member] | Share options [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Granted			4,572,234
Weighted-Average Exercise Price per Share, Granted			$ 5.76
Number of shares options, forfeited			4,572,234
2011 Share Incentive Plan [Member] | Restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of years the awards becomes exercisable			3 years
Period of recognition of unrecognized compensation cost			1 year 11 months 9 days
Unrecognized compensation cost			$ 17,250,000
Number of restricted share, Granted			3,160,176
MCP Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The period which the maximum aggregate number of ordinary shares that can be issued			10 years
Maximum aggregate number of ordinary shares that can be issued			442,630,330
The maximum percentage of issued share capital that can be issued for the share based awards plan upon shareholders' approval			5.00%
Remaining shares available for grant			163,597,467
Expected dividend yield				0.00%	0.00%
Expected stock price volatility				45.00%	40.00%
Risk-free interest rate				4.08%	3.77%
Expected term (years)				5 years 4 months 24 days	5 years 2 months 12 days
MCP Share Incentive Plan [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of years the awards becomes exercisable	3 years
Incremental share based compensation	$ 883,000
Number of shares options, forfeited	96,593,629
Percentage of eligible options tendered by employee for stock option exchange program	99.20%
Number of restricted share, Granted	43,700,116
MCP Share Incentive Plan [Member] | Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 136,000
Number of years the awards becomes exercisable				3 years
Expiration term of ordinary share options granted				10 years
Number of Share Options, Granted			0		9,543,186
Period of recognition of unrecognized compensation cost			1 year 10 months 13 days
Number of shares options, forfeited			6,850,299
MCP Share Incentive Plan [Member] | Share options [Member] | Exercise Price Higher Of Closing Price On Grant Date And Average Closing Price For Five Trading Days Proceeding Grant Date [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Granted					4,861,003
MCP Share Incentive Plan [Member] | Share options [Member] | Exercise Price 0.19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Granted					4,682,183
Fixed exercise price per share, granted					$ 0.19
MCP Share Incentive Plan [Member] | Share options [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares options, forfeited			96,593,629
MCP Share Incentive Plan [Member] | Restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of years the awards becomes exercisable				3 years	3 years
Period of recognition of unrecognized compensation cost			2 years 3 months 22 days
Unrecognized compensation cost			$ 1,251,000
MCP Share Incentive Plan [Member] | Restricted shares [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted share, Granted			43,700,116

SHARE-BASED COMPENSATION - Summ

SHARE-BASED COMPENSATION - Summary of Share Options Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	Oct. 21, 2016	Mar. 18, 2016	Dec. 31, 2016	Dec. 31, 2014
2006 Share Incentive Plan [Member] | Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Beginning Balance			11,657,403
Number of Share Options, Exercisable			9,913,794
Number of Share Options, Exercised			(1,743,609)
Number of Share Options, Ending Balance			9,913,794
Weighted-Average Exercise Price per Share, Beginning Balance			$ 1.61
Weighted-Average Exercise Price per Share, Exercised			1.74
Weighted-Average Exercise Price per Share, Ending Balance			1.58
Weighted-Average Exercise Price per Share, Exercisable			$ 1.58
Weighted-Average Remaining Contractual Term, Outstanding			2 years 6 months 7 days
Weighted-Average Remaining Contractual Term, Exercisable			2 years 6 months 7 days
Aggregate Intrinsic Value, Outstanding			$ 36,846
Aggregate Intrinsic Value, Exercisable			$ 36,846
2006 Share Incentive Plan [Member] | Share options [Member] | Vested [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options			9,913,794
Weighted-Average Exercise Price per Share			$ 1.58
Weighted-Average Remaining Contractual Term			2 years 6 months 7 days
Aggregate Intrinsic Value			$ 36,846
2011 Share Incentive Plan [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Granted		4,572,234
Weighted-Average Exercise Price per Share, Granted		$ 5.7567
2011 Share Incentive Plan [Member] | Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Beginning Balance			6,272,967
Number of Share Options, Exercisable			1,447,767
Number of Share Options, Granted			4,951,014
Number of Share Options, Exercised			(46,320)
Number of Share Options, Forfeited			(272,537)
Number of Share Options, Expired			(52,773)
Number of Share Options, Ending Balance			10,852,351
Weighted-Average Exercise Price per Share, Beginning Balance			$ 7.98
Weighted-Average Exercise Price per Share, Granted			5.74
Weighted-Average Exercise Price per Share, Exercised			4.70
Weighted-Average Exercise Price per Share, Forfeited			7.37
Weighted-Average Exercise Price per Share, Expired			8.42
Weighted-Average Exercise Price per Share, Ending Balance			5.61
Weighted-Average Exercise Price per Share, Exercisable			$ 4.70
Weighted-Average Remaining Contractual Term, Outstanding			8 years
Weighted-Average Remaining Contractual Term, Exercisable			5 years 2 months 27 days
Aggregate Intrinsic Value, Outstanding			$ 887
Aggregate Intrinsic Value, Exercisable			$ 873
2011 Share Incentive Plan [Member] | Share options [Member] | Vested [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options			1,447,767
Weighted-Average Exercise Price per Share			$ 4.70
Weighted-Average Remaining Contractual Term			5 years 2 months 27 days
Aggregate Intrinsic Value			$ 873
2011 Share Incentive Plan [Member] | Share options [Member] | Expected To Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options			9,404,584
Weighted-Average Exercise Price per Share			$ 5.75
Weighted-Average Remaining Contractual Term			8 years 5 months 5 days
Aggregate Intrinsic Value			$ 14
2011 Share Incentive Plan [Member] | Share options [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Granted			4,572,234
Number of Share Options, Forfeited			(4,572,234)
Weighted-Average Exercise Price per Share, Granted			$ 5.76
Weighted-Average Exercise Price per Share, Forfeited			$ 9.02
MCP Share Incentive Plan [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Forfeited	(96,593,629)
MCP Share Incentive Plan [Member] | Share options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Beginning Balance			124,710,632
Number of Share Options, Exercisable			7,277,311
Number of Share Options, Granted			0	9,543,186
Number of Share Options, Forfeited			(6,850,299)
Number of Share Options, Expired			(8,891,994)
Number of Share Options, Ending Balance			12,374,710
Weighted-Average Exercise Price per Share, Beginning Balance			$ 0.17
Weighted-Average Exercise Price per Share, Forfeited			0.19
Weighted-Average Exercise Price per Share, Expired			0.18
Weighted-Average Exercise Price per Share, Ending Balance			0.11
Weighted-Average Exercise Price per Share, Exercisable			$ 0.15
Weighted-Average Remaining Contractual Term, Outstanding			7 years 10 months 10 days
Weighted-Average Remaining Contractual Term, Exercisable			7 years 1 month 24 days
Aggregate Intrinsic Value, Outstanding			$ 44
Aggregate Intrinsic Value, Exercisable			$ 11
MCP Share Incentive Plan [Member] | Share options [Member] | Vested [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options			7,277,311
Weighted-Average Exercise Price per Share			$ 0.15
Weighted-Average Remaining Contractual Term			7 years 1 month 24 days
Aggregate Intrinsic Value			$ 11
MCP Share Incentive Plan [Member] | Share options [Member] | Expected To Vest [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options			5,097,399
Weighted-Average Exercise Price per Share			$ 0.07
Weighted-Average Remaining Contractual Term			8 years 10 months 17 days
Aggregate Intrinsic Value			$ 33
MCP Share Incentive Plan [Member] | Share options [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share Options, Forfeited			(96,593,629)
Weighted-Average Exercise Price per Share, Forfeited			$ 0.17

SHARE-BASED COMPENSATION - Info

SHARE-BASED COMPENSATION - Information for Share Options (Detail) - Share options [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
2006 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from the exercise of share options	$ 3,036	$ 1,904	$ 1,758
Intrinsic value of share options exercised	$ 6,205	$ 5,152	$ 5,472
2011 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 2.29	$ 3.45	$ 7.11
Proceeds from the exercise of share options	$ 218	$ 511	$ 397
Intrinsic value of share options exercised	$ 28	$ 98	$ 232
MCP Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 0	$ 0.03	$ 0.14

SHARE-BASED COMPENSATION - Su97

SHARE-BASED COMPENSATION - Summary of Assumptions Used to Estimate Fair Value of Stock Options (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
2011 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	1.00%	1.40%	1.11%
Expected stock price volatility	46.08%	57.86%	69.56%
Risk-free interest rate	1.47%	1.59%	2.04%
Expected term (years)	5 years 7 months 6 days	6 years 1 month 6 days	6 years 1 month 6 days
MCP Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield		0.00%	0.00%
Expected stock price volatility		45.00%	40.00%
Risk-free interest rate		4.08%	3.77%
Expected term (years)		5 years 4 months 24 days	5 years 2 months 12 days

SHARE-BASED COMPENSATION - Su98

SHARE-BASED COMPENSATION - Summary of Restricted Shares Activity (Detail) - $ / shares	Oct. 21, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
MCP Share Incentive Plan [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Granted	43,700,116
Restricted shares [Member] | 2011 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Unvested Beginning Balance		2,234,690
Number of Restricted Shares, Granted		3,160,176
Number of Restricted Shares, Vested		(321,531)
Number of Restricted Shares, Forfeited		(182,238)
Number of Restricted Shares, Unvested Ending Balance		4,891,097	2,234,690
Weighted-Average Grant Date Fair Value, Beginning Balance		$ 8.80
Weighted-Average Grant Date Fair Value, Granted		5.74	$ 7.24	$ 12.42
Weighted-Average Grant Date Fair Value, Vested		8.56
Weighted-Average Grant Date Fair Value, Forfeited		6.95
Weighted-Average Grant Date Fair Value, Ending Balance		$ 6.91	$ 8.80
Restricted shares [Member] | MCP Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Unvested Beginning Balance		28,531,215
Number of Restricted Shares, Vested		(19,541,800)	(38,375,178)
Number of Restricted Shares, Forfeited		(3,433,823)
Number of Restricted Shares, Unvested Ending Balance		49,255,708	28,531,215
Weighted-Average Grant Date Fair Value, Beginning Balance		$ 0.17
Weighted-Average Grant Date Fair Value, Granted		0	$ 0.08	$ 0.29
Weighted-Average Grant Date Fair Value, Vested		0.17
Weighted-Average Grant Date Fair Value, Forfeited		0.20
Weighted-Average Grant Date Fair Value, Ending Balance		$ 0.09	$ 0.17
Restricted shares [Member] | MCP Share Incentive Plan [Member] | Stock Option Modification [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares, Granted		43,700,116
Weighted-Average Grant Date Fair Value, Granted		$ 0.09

SHARE-BASED COMPENSATION - In99

SHARE-BASED COMPENSATION - Information for Restricted Shares (Detail) - Restricted shares [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
2011 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 5.74	$ 7.24	$ 12.42
Grant date fair value of restricted shares vested	$ 2,751	$ 3,809	$ 3,821
MCP Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value	$ 0	$ 0.08	$ 0.29
Grant date fair value of restricted shares vested	$ 3,280	$ 6,989	$ 0

SHARE-BASED COMPENSATION - Impa

SHARE-BASED COMPENSATION - Impact of Share Options and Restricted Shares (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation cost	$ 18,487	$ 20,827	$ 20,401
2006 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation cost	0	0	1,071
2011 Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation cost	16,399	13,734	11,505
MCP Share Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation cost	2,088	7,093	7,825
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation cost	$ 18,487	$ 20,827	$ 20,401

EMPLOYEE BENEFIT PLANS - Additi

EMPLOYEE BENEFIT PLANS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan Disclosure [Line Items]
Amount of employer contributions into the defined contribution plans	$ 16,105	$ 18,295	$ 14,823
Voluntary Defined Contribution Scheme Enrolled Employees Macau since July. 1, 2013 [Member]
Defined Contribution Plan Disclosure [Line Items]
Vesting period of employer voluntary contribution	10 years
Voluntary Defined Contribution Scheme Enrolled Employees HK since July. 1, 2013 [Member]
Defined Contribution Plan Disclosure [Line Items]
Vesting period of employer voluntary contribution	10 years

DISTRIBUTION OF PROFITS - Addit

DISTRIBUTION OF PROFITS - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reserve Quantities [Line Items]
Balance of legal reserve	$ 31,202	$ 31,202
Minimum [Member]
Reserve Quantities [Line Items]
Profit after taxation to legal reserve	10.00%
Percentage of legal reserve to share capital	25.00%
Maximum [Member]
Reserve Quantities [Line Items]
Profit after taxation to legal reserve	25.00%
Percentage of legal reserve to share capital	50.00%

DIVIDENDS - Additional Informat

DIVIDENDS - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands

Feb. 16, 2017

Jan. 12, 2017

Nov. 30, 2016

Aug. 31, 2016

May 31, 2016

Mar. 16, 2016

Dec. 04, 2015

Sep. 04, 2015

Jun. 05, 2015

Mar. 16, 2015

Dec. 04, 2014

Sep. 04, 2014

Jun. 06, 2014

Apr. 16, 2014

Feb. 25, 2014

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Dividends [Line Items]

Dividends

$ 385,569

$ 62,850

$ 342,718

Dividends paid

$ 385,569

62,850

342,718

2014 Dividend Policy [Member]

Dividends [Line Items]

Aggregate dividend payment on consolidated net income attributable to Melco Resorts & Entertainment Limited, percentage

30.00%

Effective period of new dividend policy

First quarter of 2014

2017 Dividend Policy [Member]

Dividends [Line Items]

Effective period of new dividend policy

Fourth quarter of 2016

Special Dividend [Member]

Dividends [Line Items]

Dividends paid amount per share

$ 0.2146

$ 0.1147

Quarterly Dividend [Member]

Dividends [Line Items]

Dividends paid amount per share

$ 0.0126

$ 0.0063

$ 0.0073

$ 0.0061

$ 0.0045

$ 0.0112

$ 0.0171

$ 0.0239

$ 0.0259

$ 0.0431

Additional Paid-in Capital [Member]

Dividends [Line Items]

Dividends

$ 108,639

$ 189,459

$ 108,639

189,459

Retained Earnings [Member]

Dividends [Line Items]

Dividends

276,930

62,850

153,259

Retained Earnings [Member] | Special Dividend [Member]

Dividends [Line Items]

Dividends

$ 238,586

Retained Earnings [Member] | Quarterly Dividend [Member]

Dividends [Line Items]

Dividends

$ 38,344

$ 62,850

$ 153,259

Subsequent Event [Member]

Dividends [Line Items]

Dividends paid amount per share

$ 0.03

Dividends payable, date of record

Feb. 27, 2017

Dividend paid, month and year

2017-03

Subsequent Event [Member] | 2017 Dividend Policy [Member]

Dividends [Line Items]

Dividends payable amount per share

$ 0.03

Subsequent Event [Member] | Special Dividend [Member]

Dividends [Line Items]

Dividends paid amount per share

$ 0.4404

Dividends payable, date of record

Jan. 23, 2017

REGULAR LICENSE, COOPERATION104

REGULAR LICENSE, COOPERATION AGREEMENT, OPERATING AGREEMENT AND MCP LEASE AGREEMENT FOR CITY OF DREAMS MANILA - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016
Cooperation Agreement [Member]
Agreements [Line Items]
Date of agreement	Oct. 25, 2012
Effective date of agreement	Mar. 13, 2013
Expected expiry date of agreement	Jul. 11, 2033
Provisional License [Member]
Agreements [Line Items]
Effective date of agreement	Mar. 13, 2013
Expected expiry date of agreement	Jul. 11, 2033
Regular License [Member]
Agreements [Line Items]
Date of agreement	Apr. 29, 2015
Expected expiry date of agreement	Jul. 11, 2033
Operating Agreement [Member]
Agreements [Line Items]
Date of agreement	Mar. 13, 2013
Effective date of agreement	Mar. 13, 2013
Expected expiry date of agreement	Jul. 11, 2033
MCP Lease Agreement [Member]
Agreements [Line Items]
Effective date of agreement	Mar. 13, 2013
Expected expiry date of agreement	Jul. 11, 2033

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information - 1 Capital Commitments, Lease Commitments and Other Arrangements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Commitments And Contingencies [Line Items]
Capital commitments	$ 317,185
Rental expenses (including contingent fees)	37,349	$ 39,667	$ 32,829
Minimum rental expenses	32,228	32,864	25,374
Contingent rental expenses	5,121	6,803	7,455
Contingent fees earned	$ 23,461	$ 12,898	$ 17,497
Lease expiry dates - as grantor	2025-10
Mocha Clubs [Member]
Commitments And Contingencies [Line Items]
Lease expiry dates - as lessee	2033-07
City of Dreams Manila [Member]
Commitments And Contingencies [Line Items]
Lease expiry dates - as lessee	2033-07

COMMITMENTS AND CONTINGENCIE106

COMMITMENTS AND CONTINGENCIES - Minimum Lease Payments under Non-Cancellable Leases (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 24,474
2,018	23,738
2,019	23,213
2,020	16,167
2,021	15,631
Over 2,021	62,177
Total minimum lease payments	$ 165,400

COMMITMENTS AND CONTINGENCIE107

COMMITMENTS AND CONTINGENCIES - Minimum Future Fees Received under Non-Cancellable Operating and Right to Use Agreements (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 13,938
2,018	25,042
2,019	20,935
2,020	14,246
Over 2,021	2,779
Total minimum future fees received	$ 76,940

COMMITMENTS AND CONTINGENCIE108

COMMITMENTS AND CONTINGENCIES - Additional Information - 2 Other Commitments - Gaming Subconcession (Detail) - 12 months ended Dec. 31, 2016 - Gaming subconcession agreement [Member]	USD ($)Seat	MOPSeat	MOP
Commitments And Contingencies [Line Items]
Fixed annual premium	$ 3,744,000	MOP 30,000,000
Variable premium	$ 100		MOP 1,000
Percentage of guarantee amount payable quarterly to bank	1.75%		1.75%
Guarantee until the 180th day after the termination date of the gaming subconcession [Member]
Commitments And Contingencies [Line Items]
Maximum beneficiary amount	$ 37,437,000		MOP 300,000,000
Reserved exclusively for certain kind of games or to certain players [Member]
Commitments And Contingencies [Line Items]
Variable premium	$ 37,000		300,000
Minimum number of tables	100	100
Not reserved exclusively for certain kind of games or to certain players [Member]
Commitments And Contingencies [Line Items]
Variable premium	$ 19,000		MOP 150,000
Minimum number of tables	100	100
Special gaming tax [Member]
Commitments And Contingencies [Line Items]
Percentage of gross revenues of the gaming business operations	35.00%	35.00%
Utilities designated by the local government [Member]
Commitments And Contingencies [Line Items]
Percentage of gross revenues of the gaming business operations	4.00%	4.00%

COMMITMENTS AND CONTINGENCIE109

COMMITMENTS AND CONTINGENCIES - Additional Information - 3 Other Commitments - Land Concession Contracts (Detail) - USD ($) $ in Thousands	Dec. 18, 2013	Jan. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Jan. 29, 2014
Commitments And Contingencies [Line Items]
Outstanding balance of land premium included in accrued expenses and other current liabilities				$ 3,788
Altira Macau - Taipa Land [Member]
Commitments And Contingencies [Line Items]
Contract expiration date			2031-03
City of Dreams - Cotai Land [Member]
Commitments And Contingencies [Line Items]
Total commitment for government land use fees			$ 20,431
Contract expiration date			2033-08
Additional land premium paid		$ 23,344
Additional land premium payable					$ 23,344
Government land use fee payable per annum during the development period			$ 1,185
Government land use fee payable per annum after the development period			1,235
Outstanding balance of land premium included in accrued expenses and other current liabilities				$ 3,788
Studio City - Studio City Land [Member]
Commitments And Contingencies [Line Items]
Total commitment for government land use fees			$ 10,034
Contract expiration date			2026-10
Government land use fee payable per annum during the development period			$ 490
Government land use fee payable per annum after the development period			$ 1,131
Land concession contracts [Member]
Commitments And Contingencies [Line Items]
Initial contract term (in years)			25 years
Contract term of further renewable consecutive periods (in years)			10 years
Frequency of land use fee amounts to be adjusted			Every five years
Revised [Member] | Altira Macau - Taipa Land [Member]
Commitments And Contingencies [Line Items]
Government land use fee payable per annum on land concession contract	$ 186
Total commitment for government land use fees			$ 2,631
Contract expiration date			2031-03

COMMITMENTS AND CONTINGENCIE110

COMMITMENTS AND CONTINGENCIES - Additional Information - 4 Other Commitments - Regular/Provisional License (Detail) $ in Thousands	Aug. 15, 2016	Aug. 10, 2016	Apr. 01, 2014	Dec. 31, 2016USD ($)	Dec. 31, 2016PHP
Commitments And Contingencies [Line Items]
Franchise tax on the gross revenue or earnings				5.00%	5.00%
Discontinued rate of license fees for payment of corporate income tax	10.00%
Cultural heritage fee percentage of casino revenues generated from non-junket operation tables payable to PAGCOR				2.00%	2.00%
Additional fee percentage on non-gaming revenues payable to PAGCOR				5.00%	5.00%
Grounds for revocation of the regular license - Number of days of failing to remit the license fees upon the receipt of notice of default				30 days	30 days
Grounds for revocation of the regular - Exceeding the Debt-to-equity ratio				2.33	2.33
High Roller Tables [Member]
Commitments And Contingencies [Line Items]
Monthly license fees range as a percentage of gross gaming revenue payable to PAGCOR				15.00%	15.00%
Non-High Roller Tables [Member]
Commitments And Contingencies [Line Items]
Monthly license fees range as a percentage of gross gaming revenue payable to PAGCOR				25.00%	25.00%
Slot Machines And Electronic Gaming Machines [Member]
Commitments And Contingencies [Line Items]
Monthly license fees range as a percentage of gross gaming revenue payable to PAGCOR				25.00%	25.00%
Junket Operation [Member]
Commitments And Contingencies [Line Items]
Monthly license fees range as a percentage of gross gaming revenue payable to PAGCOR				15.00%	15.00%
PAGCOR [Member]
Commitments And Contingencies [Line Items]
Temporary percentage adjustment of license fee to gross gaming revenues			10.00%
MCE Leisure [Member]
Commitments And Contingencies [Line Items]
Amount of surety bond required to ensure prompt and punctual remittance/payment of license fees				$ 2,008	PHP 100,000,000
Bloomberry Resorts and Hotels Inc
Commitments And Contingencies [Line Items]
Franchise tax on the gross revenue or earnings		5.00%

COMMITMENTS AND CONTINGENCIE111

COMMITMENTS AND CONTINGENCIES - Additional Information - 5 Guarantees (Detail) $ in Thousands	1 Months Ended		12 Months Ended
	Oct. 31, 2013USD ($)	Oct. 31, 2013HKD	Dec. 31, 2016USD ($)Agreement	Dec. 31, 2016PHPAgreement	Dec. 31, 2016MOPAgreement
Commitments And Contingencies [Line Items]
Issuance of promissory note			$ 68,635		MOP 550,000,000
MCE Leisure [Member]
Commitments And Contingencies [Line Items]
Amount of surety bond required to ensure prompt and punctual remittance/payment of license fees			$ 2,008	PHP 100,000,000
City of Dreams [Member]
Commitments And Contingencies [Line Items]
Number of deeds of guarantee with third parties | Agreement			2	2	2
Amount entered with third parties in relation to guarantee			$ 35,000
Studio City [Member] | Trade Credit Facility [Member]
Commitments And Contingencies [Line Items]
Amount entered with a bank to meet certain payment obligations	$ 25,707	HKD 200,000,000
Credit facility utilized			$ 643
Credit facility, maturity date			Aug. 31, 2017	Aug. 31, 2017	Aug. 31, 2017

RELATED PARTY TRANSACTIONS - Sc

RELATED PARTY TRANSACTIONS - Schedule of Significant Related Party Transactions (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Purchase of property and equipment		$ 437,912	$ 1,455,842	$ 1,637,305
Office rental expense		37,349	39,667	32,829
Crown's Subsidiaries and Its Associated Company [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Consultancy and software license fee expense		1,699	773	699
Purchase of property and equipment		138	771	830
Short film production cost	[1]	0	0	15,619
Lisboa [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Office rental expense	[2]	1,377	1,597	1,810
Melco International's Subsidiaries and its Associated Company [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Management fee expense	[3]	1,191	1,177	1,321
Purchase of property and equipment		315	7,758	2,852
Other service fee income		1,221	1,609	632
Shun Tak Group [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Office rental expense	[2]	280	238	199
Traveling expense	[2],[4]	3,890	3,685	3,641
Sky Shuttle [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Traveling expense	[2]	920	1,021	1,399
SJM [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Traveling expense	[2],[4]	340	395	515
STDM and STDM Group [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Office rental expense	[2]	$ 1,452	$ 1,451	$ 1,457
[1]	The amounts represent short film production cost pursuant to an assignment agreement entered into by a subsidiary of the Company and a subsidiary of Crown for assigning exclusively to a subsidiary of the Company a 50% share of a short film and all related elements. The short film was produced for the purpose of promoting the Company's properties in Asia and Crown's properties in Australia.
[2]	Companies in which a relative/relatives of Mr. Lawrence Yau Lung Ho, the Company's Chief Executive Officer, has/have beneficial interests.
[3]	Management fee expense including the Company's reimbursement to Melco's subsidiary for service fees incurred on its behalf for the operation of the office of the Company's Chief Executive Officer.
[4]	Traveling expenses including ferry and hotel accommodation services within Hong Kong and Macau.

RELATED PARTY TRANSACTIONS -113

RELATED PARTY TRANSACTIONS - Schedule of Significant Related Party Transactions (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016
Transactions with affiliated companies [Member] | Crown's subsidiary [Member]
Related Party Transaction [Line Items]
Assigned share of short film and all related elements	50.00%

RELATED PARTY TRANSACTIONS -114

RELATED PARTY TRANSACTIONS - Schedule of Outstanding Balances Arising from Operating Income or Prepayment of Operating Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Amounts due from affiliated companies	$ 1,103	$ 1,175
Melco International's subsidiaries [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due from affiliated companies	1,012	1,174
Crown and its Subsidiary [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due from affiliated companies	90	0
Shun Tak Group [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due from affiliated companies	$ 1	$ 1

RELATED PARTY TRANSACTIONS -115

RELATED PARTY TRANSACTIONS - Schedule of Outstanding Balances Arising from Operating Expenses (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Amounts due to affiliated companies	$ 3,028	$ 2,464
Crown's Subsidiary and Associated Company [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	2,063	1,935
Shun Tak Group [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	519	231
Sky Shuttle [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	238	87
Melco International and Its Subsidiaries [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	88	0
SJM [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	75	98
STDM Group [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	33	87
Lisboa [Member] | Transactions with affiliated companies [Member]
Related Party Transaction [Line Items]
Amounts due to affiliated companies	$ 12	$ 26

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016Region
City of Dreams Manila [Member]
Concentration Risk [Line Items]
Commencement of operation date	Dec. 14, 2014
Studio City [Member]
Concentration Risk [Line Items]
Commencement of operation date	Oct. 27, 2015
Geographic [Member]
Concentration Risk [Line Items]
Number of geographic areas	2

SEGMENT INFORMATION - Total Ass

SEGMENT INFORMATION - Total Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total consolidated assets	$ 9,340,341	$ 10,262,309	$ 10,260,780
Macau [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	7,269,624	7,594,830	7,710,652
Mocha Clubs [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	135,707	145,631	173,150
Altira Macau [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	473,731	496,455	501,105
City of Dreams [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	3,193,895	3,183,460	3,133,680
Studio City [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	3,466,291	3,769,284	3,902,717
City of Dreams Manila [Member] | The Philippines [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	825,247	941,926	1,064,459
Corporate and Others [Member]
Segment Reporting Information [Line Items]
Total consolidated assets	$ 1,245,470	$ 1,725,553	$ 1,485,669

SEGMENT INFORMATION - Capital E

SEGMENT INFORMATION - Capital Expenditures (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total capital expenditures	$ 437,912	$ 1,455,842	$ 1,637,305
Macau [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	432,806	1,325,049	1,207,477
Mocha Clubs [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	7,763	6,446	13,116
Altira Macau [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	3,031	18,404	21,984
City of Dreams [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	359,258	331,503	264,922
Studio City [Member] | Macau [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	62,754	968,696	907,455
City of Dreams Manila [Member] | The Philippines [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	3,621	98,884	405,196
Corporate and Others [Member]
Segment Reporting Information [Line Items]
Total capital expenditures	$ 1,485	$ 31,909	$ 24,632

SEGMENT INFORMATION - Results o

SEGMENT INFORMATION - Results of Operations (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
NET REVENUES
Total net revenues		$ 4,519,396	$ 3,974,800	$ 4,802,309
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	1,087,517	931,984	1,285,474
OPERATING COSTS AND EXPENSES
Payments to the Philippine Parties		(34,403)	(16,547)	(870)
Pre-opening costs		(3,883)	(168,172)	(90,556)
Development costs		(95)	(110)	(10,734)
Amortization of gaming subconcession		(57,237)	(57,237)	(57,237)
Amortization of land use rights		(22,816)	(54,056)	(64,471)
Depreciation and amortization		(472,219)	(359,341)	(246,686)
Land rent to Belle		(3,327)	(3,476)	(3,562)
Share-based compensation		(18,487)	(20,827)	(20,401)
Property charges and others		(5,298)	(38,068)	(8,698)
Net (gain) loss on disposal of property and equipment		8,509	(474)	(4,550)
Gain on disposal of assets held for sale		0	0	22,072
Corporate and Others expenses		(114,770)	(115,735)	(118,971)
Total operating costs and expenses		(724,401)	(833,569)	(600,114)
OPERATING INCOME		363,116	98,415	685,360
NON-OPERATING INCOME (EXPENSES)
Interest income		5,951	13,900	20,025
Interest expenses, net of capitalized interest		(223,567)	(118,330)	(124,090)
Amortization of deferred financing costs		(48,345)	(38,511)	(28,055)
Loan commitment and other finance fees		(7,451)	(7,328)	(18,976)
Foreign exchange gains (losses), net		7,356	(2,156)	(6,155)
Other income, net		3,572	2,317	2,313
Loss on extinguishment of debt		(17,435)	(481)	0
Costs associated with debt modification		(8,101)	(7,603)	0
Total non-operating expenses, net		(288,020)	(158,192)	(154,938)
INCOME (LOSS) BEFORE INCOME TAX		75,096	(59,777)	530,422
INCOME TAX EXPENSE		(8,178)	(1,031)	(3,036)
Net income (loss)		66,918	(60,808)	527,386
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS		108,988	166,555	80,894
Net income attributable to Melco Resorts & Entertainment Limited		175,906	105,747	608,280
Corporate and Others [Member]
NET REVENUES
Total net revenues		39,540	43,350	52,132
Belle Corporation [Member]
OPERATING COSTS AND EXPENSES
Net (gain) loss on disposal of property and equipment		8,134	0	0
Macau [Member]
NET REVENUES
Total net revenues		3,988,621	3,631,041	4,742,613
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	927,181	876,618	1,285,468
Macau [Member] | Mocha Clubs [Member]
NET REVENUES
Total net revenues		120,491	136,217	147,373
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	23,789	30,259	36,337
Macau [Member] | Altira Macau [Member]
NET REVENUES
Total net revenues		439,127	574,848	744,850
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	5,116	36,261	84,795
Macau [Member] | City of Dreams [Member]
NET REVENUES
Total net revenues		2,590,824	2,794,673	3,848,623
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	742,291	798,504	1,165,632
Macau [Member] | Studio City [Member]
NET REVENUES
Total net revenues		838,179	125,303	1,767
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	155,985	11,594	(1,296)
The Philippines [Member] | City of Dreams Manila [Member]
NET REVENUES
Total net revenues		491,235	300,409	7,564
ADJUSTED PROPERTY EBITDA
Total adjusted property EBITDA	[1]	$ 160,336	$ 55,366	$ 6
[1]	"Adjusted property EBITDA" is earnings before interest, taxes, depreciation, amortization, pre-opening costs, development costs, property charges and others, share-based compensation, payments to the Philippine Parties, land rent to Belle, net gain on disposal of property and equipment to Belle, gain on disposal of assets held for sale, Corporate and Others expenses, and other non-operating income and expenses. The chief operating decision maker uses Adjusted property EBITDA to measure the operating performance of Mocha Clubs, Altira Macau, City of Dreams, Studio City and City of Dreams Manila and to compare the operating performance of its properties with those of its competitors.

SEGMENT INFORMATION - Long-Live

SEGMENT INFORMATION - Long-Lived Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Long-Lived Assets [Line Items]
Total long-lived assets	$ 6,865,594	$ 7,050,053	$ 6,097,508
Macau [Member]
Long-Lived Assets [Line Items]
Total long-lived assets	6,330,624	6,355,934	5,366,692
The Philippines [Member]
Long-Lived Assets [Line Items]
Total long-lived assets	533,477	691,729	728,999
Hong Kong and other foreign countries [Member]
Long-Lived Assets [Line Items]
Total long-lived assets	$ 1,493	$ 2,390	$ 1,817

CHANGE IN SHAREHOLDING OF TH121

CHANGE IN SHAREHOLDING OF THE PHILIPPINE SUBSIDIARIES - Additional Information (Detail) PHP / shares in Units, $ / shares in Units, $ in Thousands	Nov. 23, 2015USD ($)shares	Jun. 24, 2014USD ($)	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)shares	Dec. 31, 2016PHPshares	Nov. 23, 2015PHPshares	Jun. 24, 2014PHP / sharesshares	Jun. 24, 2014$ / sharesshares
Schedule of Equity Method Investments [Line Items]
Common stock value per share | $ / shares			$ 0.01	$ 0.01
Increase (decrease) in additional paid in capital resulting from subscription of common shares			$ 0	$ (7,368)	$ 0
Restricted shares [Member]
Schedule of Equity Method Investments [Line Items]
Decrease in additional paid in capital resulting from vesting of restricted shares			$ 543	$ 1,740	$ 0
Restricted shares [Member] | MCP Share Incentive Plan [Member]
Schedule of Equity Method Investments [Line Items]
Number of restricted shares, Vested | shares			19,541,800	38,375,178
Decrease in additional paid in capital resulting from vesting of restricted shares			$ 543	$ 1,740
Melco Crown Philippines Resorts Corporation [Member]
Schedule of Equity Method Investments [Line Items]
Subscribed common shares of subsidiary | shares	693,500,000		50,263,000			50,263,000	693,500,000	485,177,000	485,177,000
Common stock value per share | (per share)								PHP 11.30	$ 0.26
Increase (decrease) in additional paid in capital resulting from subscription of common shares	$ (7,368)		$ (761)
Additional Common Stock Shares Acquired | shares					3,400
Number Of Common Stock Sold | shares					200
Consideration value for subscribed shares	$ 57,681		2,614			PHP 123,307,331	PHP 2,704,650,000
Total transfer from (to) noncontrolling interests of Melco Resorts & Entertainment Limited			$ (1,304)	$ (9,108)	$ 57,293
Melco Crown Philippines Resorts Corporation [Member] | Private Placement [Member]
Schedule of Equity Method Investments [Line Items]
Subscribed common shares of subsidiary | shares								485,177,000	485,177,000
Common stock value per share | (per share)								PHP 11.30	$ 0.26
Increase (decrease) in additional paid in capital resulting from subscription of common shares		$ 57,293

CHANGE IN SHAREHOLDING OF TH122

CHANGE IN SHAREHOLDING OF THE PHILIPPINE SUBSIDIARIES - Effects of Changes in Company's Ownership Interest (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Net income attributable to Melco Resorts & Entertainment Limited	$ 175,906	$ 105,747	$ 608,280
Transfers (to) from noncontrolling interests:
Decrease in Melco Resorts & Entertainment Limited additional paid-in capital resulting from purchases of common shares of MCP from the open market	(761)	0	0
Decrease in Melco Resorts & Entertainment Limited additional paid-in capital resulting from subscription of common shares of MCP	0	(7,368)	0
Increase in Melco Resorts & Entertainment Limited additional paid-in capital resulting from the 2014 Placing and Subscription Transaction for subscription of common shares of MCP	0	0	57,293
Changes from net income attributable to Melco Resorts & Entertainment Limited's shareholders and transfers from noncontrolling interests	174,602	96,639	665,573
Restricted shares [Member]
Transfers (to) from noncontrolling interests:
Decrease in Melco Resorts & Entertainment Limited additional paid-in capital resulting from the vesting of restricted shares under the MCP Share Incentive Plan	$ (543)	$ (1,740)	$ 0