Melco Resorts and Entertainment

Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. It focuses on the administration of Mocha Clubs, Altira Macau, City of Dreams, Studio City, and City of Dreams Manila. It operates through the following geographical segments: Macau, the Philippines, Cyprus, and Corporate and Other. The company was founded by Yau Lung Ho on March 20, 2003 and is headquartered in Hong Kong.

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Melco Resorts reports solid Q2 earnings, eyes growth opportunities

Melco Resorts and Entertainment delivered strong financial results, navigated operational challenges, and outlined growth opportunities in various regions. The company's focus on enhancing customer experience and optimizing operational efficiency positions it well for future success.

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Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. It focuses on the administration of Mocha Clubs, Altira Macau, City of Dreams, Studio City, and City of Dreams Manila. It operates through the following geographical segments: Macau, the Philippines, Cyprus, and Corporate and Other. The company was founded by Yau Lung Ho in December 2004 and is headquartered in Hong Kong.

MACAU, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been named winner of 2020 Industry Community Awards (ICA)'s Community Award – Asia. The award recognizes Melco's proactive and innovative corporate social responsibility initiatives, especially in its efforts to support the local community through the Company's Simple Acts of Kindness program. In addition, Melco Chairman & CEO Mr. Lawrence Ho has been awarded ICA's Outstanding Individual Award for his leadership role in supporting stakeholders, including colleagues and the broader community, during the COVID-19 pandemic.

Melco's pandemic-related efforts for the community led by Lawrence Ho win two accolades at 2020 Industry Community Awards

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The coronavirus pandemic has been hurting the gaming industry as most of the casinos are witnessing lower traffic due to the outbreak.

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Melco Resorts & Entertainment Limited (MLCO) CEO Lawrence Ho on Q3 2020 Results - Earnings Call Transcript

MACAU, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the third quarter of 2020.

Melco Announces Unaudited Third Quarter 2020 Earnings

The Golden Week holiday didn't provide quite the hoped-for boost, but it got momentum moving in the right direction.

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The national Golden Week holiday failed to provide much lift.

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Melco (MLCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Melco Resorts (MLCO) Q3 Earnings Expected to Decline

The world's largest gambling market is on the comeback trail.

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Macau casino GGR declined in September owing to dismal footfall. Moreover, GGR declined 90% or more for the sixth straight month.

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It's the sixth straight month of 90% or greater declines in gambling revenue.

Macao Casino Revenue Plunges Another 90% in September

Casino stocks have taken a big hit in 2020, but the latest economic data out of China suggests the world’s largest gambling hub could be well on the path to recovery.

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Macau casino gross gaming revenue decline in August due to dismal footfall. Moreover, GGR declined more than 90% for the fifth straight month.

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It's been five straight months with revenue down 90% or more.

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Melco Resorts & Entertainment Limited (MLCO) CEO Lawrence Ho on Q2 2020 Results - Earnings Call Transcript

Melco (MLCO) delivered earnings and revenue surprises of 37.93% and -34.61%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Melco Resorts (MLCO) Reports Q2 Loss, Lags Revenue Estimates

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Macao was in the news in a good way for casino stocks today.

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MACAU, Aug.  04, 2020  (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of 5.750% senior notes due 2028 (the “Additional Notes”). Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”).

Melco Resorts Finance Announces Pricing of 5.750% Senior Notes Offering

Gaming revenues declined sharply in Macau due to a reduction in footfall as China continued to decline individual and group visas to Macau as a safety precaution.

Gaming Industry Continues to Bear Coronavirus Brunt in Macau

MACAU, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of 5.750% senior notes due 2028 (the “Additional Notes”), the net proceeds from which will be used for general corporate purposes. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”).

Melco Resorts Finance Announces Proposed 5.750% Senior Notes Offering

Casinos in the world's biggest gambling hub Macau are staring at heavy losses for the second quarter, with "not much hope" for a near-term recovery as a resurgence in coronavirus cases muddies the outlook for when China will reinstate travel visas.

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Joining global initiative to tackle plastic waste led by the UN Environment Programme and the World Tourism Organisation in collaboration with the Ellen MacArthur Foundation Joining global initiative to tackle plastic waste led by the UN Environment Programme and the World Tourism Organisation in collaboration with the Ellen MacArthur Foundation

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