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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Earnings data Q4 2024

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.

Melco Resorts & Entertainment is benefiting from a tourism rebound in Macau. The company's casino operations are driving strong growth.

Is Melco Resorts Stock a Buy?

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Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q1 2024 Results Conference Call April 30, 2024 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho - Chairman and CEO Geoff Davis - EVP and CFO Evan Winkler - President Kevin Benning - SVP and COO Conference Call Participants George Choi - Citi Ricardo Chinchilla - Deutsche Bank John DeCree - CBRE Praveen Choudhary - Morgan Stanley Vitaly Umansky - Seaport Research Partners Ronald Leung - Bank of America Joe Greff - JPMorgan Colin Mansell - CBRE Institutional Research George Choi - Citi Operator Ladies and gentlemen, thank you for participating in the First Quarter 2024 Earnings Conference Call of Melco Resorts & Entertainment Limited [Operator Instructions]. Today's conference is being recorded.

Melco Resorts & Entertainment Limited (MLCO) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Melco (MLCO) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Melco (MLCO) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Melco Resorts (MLCO) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.14 per share a year ago.

Melco Resorts (MLCO) Tops Q1 Earnings and Revenue Estimates

MACAU, April 30, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (“Melco”) is pleased to announce its partnership with John Keells Holdings PLC (“John Keells”), the largest listed conglomerate on the Colombo Stock Exchange, in their US$1 billion plus integrated resort development in central Colombo.

Melco Announces Partnership with Sri Lanka's John Keells Holdings and Introduces ‘City of Dreams Sri Lanka'

MACAU, April 30, 2024 (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 first quarter of 2024.

Melco Announces Unaudited First Quarter 2024 Earnings

MACAU, April 26, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its sixth sustainability strategy for the year 2023 ‘RISE to go Above & Beyond' (link). Continuing to adhere to four key material topics that underline Melco's commitment to sustainability, including “Restoring our World”, “Inspiring our Communities”, “Sustaining our Supply Chain” and “Empowering our Business”, the strategy drives performance and sustainability initiatives to help the Company reach its ambitious goals.

Melco reaffirms commitment to sustainability in 2023 RISE to go Above & Beyond report

MACAU, April 09, 2024 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of senior notes (the “New Notes”). Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”).

Melco Resorts Finance Announces Pricing of Senior Notes Offering

MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of senior notes (the “New Notes”), the net proceeds from which will be used to make a partial repayment of the principal amount outstanding under the revolving credit facility, together with accrued interest and associated costs, pursuant to a senior facilities agreement entered into by MCO Nominee One Limited, a subsidiary of Melco Resorts Finance, on April 29, 2020, and for general corporate purposes. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”).

Melco Resorts Finance Announces Proposed Senior Notes Offering

MACAU, April 08, 2024 (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 announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.

Melco Announces Extension of Maturity Date of Revolving Credit Facilities

Although the revenue and EPS for Melco (MLCO) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Melco (MLCO) Q4 Earnings

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Melco Resorts & Entertainment Limited (MLCO) Q4 2023 Earnings Call Transcript

Melco Resorts (MLCO) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.51 per share a year ago.

Melco Resorts (MLCO) Q4 Earnings and Revenues Beat Estimates

MACAU, Feb. 29, 2024 (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 fourth quarter and full year ended December 31, 2023.

Melco Announces Unaudited Fourth Quarter 2023 Earnings

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MACAU, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's various hotels, restaurants and spas across its portfolio in Asia have been honored by 2024 Forbes Travel Guide (FTG), with the Company continuing its lead among integrated resorts in Asia with the greatest number of stars achieved. The renowned FTG star rating service and online travel guide bestowed Melco a total of 16 Five-Star awards across the Company's properties which include City of Dreams, Studio City, Altira Macau and City of Dreams Manila. Notably, this year marks the 15th successive year that Altira Macau has achieved an FTG Five-Star award across both the Hotel and Spa categories.

Melco continues lead among integrated resorts in Asia with the greatest number of stars attained in 2024 Forbes Travel Guide

Melco Resorts & Entertainment Limited shares have been negatively impacted by its significant debt burden. CEO Lawrence Ho has expanded the company's footprint in Asia through debt, but faced challenges in Russia and Japan. Despite the debt concerns, Melco Resorts is experiencing a strong revenue recovery in Macau and Manila, making it a potential investment opportunity.

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Melco Resorts saw revenue jump as people returned to Macao, but margins and profitability weren't as strong as investors had hoped. The next concern is debt, which is now over $7 billion and becoming a challenge given higher interest rates.

Why Melco Resorts Stock Dropped 12% Today

Although the revenue and EPS for Melco (MLCO) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Melco (MLCO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho - Chairman & Chief Executive Officer Geoffrey Davis - Executive Vice President & Chief Financial Officer David Sisk - Chief Operating Officer, Macau Resorts Evan Winkler - President Conference Call Participants George Choi - Citigroup Inc. Joseph Greff - JPMorgan Ricardo Chinchilla - Deutsche Bank John DeCree - CBRE Securities Praveen Choudhary - Morgan Stanley Antonio Luiz Gomes - Ninety One Operator Ladies and gentlemen, thank you for standing by in the Third Quarter 2023 Earnings Conference Call of Melco Resorts & Entertainment Limited. At this time, all participants are in a listen-only mode.

Melco Resorts & Entertainment Limited (MLCO) Q3 2023 Earnings Call Transcript

MACAU, Nov. 07, 2023 (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 2023. Total operating revenues for the third quarter of 2023 were US$1.02 billion, representing an increase of approximately 321% from US$241.8 million for the comparable period in 2022.

Melco Announces Unaudited Third Quarter 2023 Earnings

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.

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