Melco Resorts and Entertainment Chairman and CEO Lawrence Ho has boosted his holding in the company by more than 3% to 54.6% following a repurchase of ordinary shares recently approved by the board.

In an SEC filing overnight, Melco revealed that Ho, together with majority shareholder Melco International Development – of which he owns 54.05% – and Melco International subsidiary Melco Leisure and Entertainment, had increased their stake to 53.8% following the share repurchase.

In addition, Ho personally holds 8,434,073 Ordinary Shares and options vested or vesting within 60 days to purchase another 3,258,936 Ordinary Shares, together representing 0.8% of Melco’s Ordinary Shares.