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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

The ultra-luxury property at City of Dreams becomes Macau's one and only hotel to be honored by the prestigious award The ultra-luxury property at City of Dreams becomes Macau's one and only hotel to be honored by the prestigious award

Morpheus is among the World's Most Beautiful Hotels according to Prix Versailles – the World Architecture and Design Award at UNESCO

DraftKings

NEOGAMES

Sports betting stocks are definitely stocks to consider, if diversification is important to you. The sports betting industry is often overlooked by investors, despite offering great investment opportunities.

Sports Betting: 3 Hottest Profit Plays to Make Now

Melco (MLCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Melco (MLCO) Moves to Buy: Rationale Behind the Upgrade

MACAU, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has become the world's first hospitality group and integrated resort operator to launch the NORDAQ water purification and bottling solution across its global property portfolio, including at its properties in Macau, the Philippines and Cyprus.

Melco becomes world's first integrated resort operator to launch the NORDAQ water filtration system across its global resorts

Roundhill Sports Betting & iGaming ETF

International Game Technology

Las Vegas Sands

MGM Resorts

Flutter Entertainment PLC

Online gambling has supercharged the gaming sector. The amount of money bet on sporting events in the U.S. will surge 45% this year to almost $137 billion, research firm Insider Intelligence estimates.

The 7 Best Gaming Stocks to Buy in August

Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q2 2023 Earnings Conference Call August 1, 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 Conference Call Participants George Choi - Citi John DeCree - CBRE Securities Praveen Choudhary - Morgan Stanley Simon Cheung - Goldman Sachs Operator Ladies and gentlemen, thank you for participating in the Second Quarter 2023 Earnings Conference Call of Melco Resorts & Entertainment Limited. At this time, all participants are in listen-only mode.

Melco Resorts & Entertainment Limited (MLCO) Q2 2023 Earnings Call Transcript

MACAU, Aug. 01, 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 second quarter of 2023.

Melco Announces Unaudited Second Quarter 2023 Earnings

MACAU, July 03, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment announces City of Dreams Mediterranean has been honored by The European Property Awards 2023 for achievements in three categories, including Best Hotel Architecture Europe, Best Sustainable Commercial Development Europe and Best New Hotel Construction & Design Cyprus.

Melco's City of Dreams Mediterranean is honored with three accolades at The European Property Awards 2023

MACAU, June 13, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been honored by Global Gaming Awards Asia-Pacific 2023 as Corporate Social Responsibility of the Year for the second consecutive year. Melco's proactive contributions and innovative CSR initiatives to give back to the community it serves, in particular through its volunteering initiative, Simple Acts of Kindness 2.0, have been recognized by the Asia-Pacific edition of Global Gaming Awards, one of the most prestigious awards in the gaming industry.

Melco honored as Corporate Social Responsibility of the Year by Global Gaming Awards Asia-Pacific 2023 for second consecutive year

Europe's largest integrated resort is set to redefine the island's tourism and hospitality sectors. LIMASSOL, Cyprus, May 12, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is pleased to announce City of Dreams Mediterranean will open on Monday, July 10, 2023.

Melco announces City of Dreams Mediterranean is to open in Limassol, Cyprus on July 10, 2023

Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q1 2023 Earnings Conference Call May 10, 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 Conference Call Participants George Choi - Citi Praveen Choudhary - Morgan Stanley Angus Chan - UBS Simon Cheung - Goldman Sachs Joseph Greff - JPMorgan Operator Ladies and gentlemen, thank you for participating in the First Quarter 2023 Earnings Conference Call of Melco Resorts & Entertainment Limited. [Operator Instructions] Today's conference is being recorded.

Melco Resorts & Entertainment Limited (MLCO) Q1 2023 Earnings Call Transcript

Melco Resorts (MLCO) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.35. This compares to loss of $0.37 per share a year ago.

Melco Resorts (MLCO) Reports Q1 Loss, Tops Revenue Estimates

MACAU, May 10, 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 first quarter of 2023.

Melco Announces Unaudited First Quarter 2023 Earnings

Wynn Resorts

The gambling mecca's gross gaming revenue for the first fourth months of this year was higher than the total for all of 2022.

Casinos Are Still a Good Bet, Surging Macau Data Show

MACAU, April 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its fifth sustainability strategy for the year 2022 ‘RISE to go Above & Beyond' (link). Adhering to four key material topics that underpin Melco's sustainability commitment, including “Restoring our World”, “Inspiring our Communities”, “Sustaining our Supply Chain” and “Empowering our Business”, the strategy continues to drive performance and sustainability initiatives to help the Company reach its ambitious goals.

Melco announces release of company's 2022 sustainability report Rise to go Above & Beyond

ICICI Bank Ltd.

JinkoSolar Holding

MakeMyTrip

Li Auto Inc.

Maxeon Solar Technologies

MercadoLibre

There are certainly many reasons to be upbeat on emerging market stocks. One of those factors is a weaker dollar, which will enable emerging market companies to import products more cheaply and improve their financial results.

The 7 Best Emerging Markets Stocks to Invest in Now

Reaffirming commitment to the diversification of Macau's tourism industry Reaffirming commitment to the diversification of Macau's tourism industry

Melco unveils thrilling all-weather indoor waterpark and Epic Tower at Studio City Phase 2

The Macau revenue tally was the highest since January 2020, just before Covid-19 lockdowns began. Gaming stocks gained.

Gaming Stocks Pop Near Buy Points As Macau Revenue More Than Triples

Caesars Entertainment

Bilibili

NetEase

For this column, I will define “hot gaming stocks” as companies in the gambling and video-game sectors that have positive momentum. In the U.S., gambling stocks are generally poised to generate strong results.

7 Hot Gaming Stocks to Invest in Now

Macao is already starting to see a surge in post-zero-COVID business.

This Is the Best Way to Play China's Recovery in 2023

The company posted weak results in Q4, but the performance improved sequentially. Melco is one of the six companies to be awarded a 10-year gaming concession by the government in Macau.

Melco Resorts: Easing Restrictions And Government License Provide Tailwinds

MACAU, March 08, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (the “Company”), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it has entered into a share repurchase agreement with Melco International Development Limited (“MIDL”) and Melco Leisure and Entertainment Group Limited (“Melco Leisure”), a wholly-owned subsidiary of MIDL, pursuant to which the Company will repurchase 40,373,076 of the Company's ordinary shares from Melco Leisure (the “Transaction”). The aggregate purchase price is US$169,836,073.04, which represents a per share price of approximately US$4.2067 (equivalent to US$12.62 per American depositary share of the Company, each representing three ordinary shares). Closing of the Transaction is subject to the satisfaction of customary conditions. At the closing of the Transaction, the facility agreement with MIDL pursuant to which a US$250.0 million revolving loan facility was granted by the Company as lender to Melco International as borrower will also be terminated following the settlement of all amounts due thereunder by MIDL to the Company. A repayment of US$200 million by MIDL to the Company was already made in January 2023. In addition to the privately-negotiated Transaction, the Company's previously announced US$500 million share repurchase program remains in effect, of which approximately US$412 million remains available for future repurchases under the program.

Melco Announces Privately-Negotiated Share Repurchase

Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho Yau Lung - Chairman & Chief Executive Officer Geoffrey Davis - Executive Vice President & Chief Financial Officer David Sisk - Chief Operating Officer, Macau Resorts Conference Call Participants George Choi - Citi Joseph Greff - JPMorgan Ricardo Chinchilla - Deutsche Bank Praveen Choudhary - Morgan Stanley Operator Ladies and gentlemen, thank you for participating in the Fourth Quarter 2022 Earnings Conference Call of Melco Resorts and Entertainment Limited. [Operator Instructions] Today's conference is being recorded.

Melco Resorts & Entertainment Limited (MLCO) Q4 2022 Earnings Call Transcript

Melco (MLCO) delivered earnings and revenue surprises of 15% and 3.86%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Melco Resorts (MLCO) Reports Q4 Loss, Misses Revenue Estimates

MACAU, March 01, 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 fourth quarter and full year ended December 31, 2022.

News for Melco Resorts and Entertainment Stock (MLCO)