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

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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, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded a collective total of 97 Stars by 2023 Forbes Travel Guide (FTG), maintaining its lead among Macau and Asia's integrated resorts. FTG honored Melco with a total of 17 Five-Star awards across the Company's property portfolio that includes City of Dreams, Studio City, Altira Macau and City of Dreams Manila. Markedly, Altira Macau celebrates its 14th successive year as FTG Five-Star award recipient across both Hotel and Spa categories.

Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia's integrated resorts

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MACAU, Jan. 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 announces that the ten-year concession to operate games of fortune and chance in casinos in Macau (“Concession”) granted to Melco Resorts (Macau) Limited (“Melco Resorts Macau”), a subsidiary of the Company, has commenced today.  In addition, the Company further announces that Melco Resorts Macau and each of Altira Resorts Limited, COD Resorts Limited and Studio City Developments Limited, the subsidiaries of the Company holding the land lease rights for the properties on which the Altira Casino, City of Dreams Casino and Studio City Casino are located, respectively, have executed a public deed pursuant to which the gaming and gaming support areas comprising the Altira Casino, City of Dreams Casino and Studio City Casino with an area of 17,128.8 square meters, 31,227.3 square meters and 28,784.3 square meters, respectively, and related gaming equipment and utensils, have reverted to the Macau SAR in accordance with the Macau gaming law. Under the terms of the Macau gaming law and the Concession, such areas and equipment and utensils have been transferred by the Macau SAR to Melco Resorts Macau for usage in its operations during the Concession for a fee of MOP750.00 per square meter of the casino for years 1 to 3 of the Concession, subject to a consumer price index increase in years 2 and 3 of the Concession. The fee will increase to MOP2,500.00 per square meter of the casino for years 4 to 10 of the Concession, subject to a consumer price index increase in years 5 to 10 of the Concession.

Melco Announces Commencement of New Gaming Concession

Las Vegas Sands Corp. LVS, Melco Resorts & Entertainment Ltd MLCO and Wynn Resorts, Limited WYNN are all trading higher during Tuesday's session. Shares of Chinese companies are trading higher after China announced it will end quarantine requirements for international travelers from January 8.

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MACAU, Dec. 18, 2022 (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 further details of the ten-year concession to operate games of fortune and chance in casinos in Macau (“Concession”) granted to Melco Resorts (Macau) Limited (“Melco Resorts Macau” or “Concessionaire”), a subsidiary of the Company, as announced on December 16, 2022.

Melco Announces Further Details of Gaming Concession

MACAU, Dec. 16, 2022 (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 Macau government has awarded a ten-year concession to operate games of fortune and chance in casinos in Macau (“Concession”) to Melco Resorts (Macau) Limited, a subsidiary of the Company.  The term of the Concession commences on January 1, 2023 and ends on December 31, 2032.

Melco Announces Final Award of Gaming Concession

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Melco Resorts & Entertainment Ltd MLCO shares are trading higher by 12.12% to $11.66 going into the close of Thursday's session amid overall strength in stocks with China-related exposure. Shares of several Chinese stocks at large are trading higher as China eases some zero-Covid restrictions.

Why Melco Resorts & Entertainment Stock Is Shooting Higher Thursday - Melco Resorts and Enter (NASDAQ:MLCO)

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Casino stocks have been volatile this year, amid the uncertain regulatory climate in Macau. The post MLCO Soars, Casino Stocks Mixed As Macau Overhang Eases appeared first on Investor's Business Daily.

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MACAU, Nov. 26, 2022 (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 Macau government has provisionally awarded a ten-year concession to operate games of fortune and chance in casinos in Macau to Melco Resorts (Macau) Limited, a subsidiary of the Company. The final award of such concession, and the terms and conditions of the concession contract, remain subject to the determination of the Macau government.

Melco Announces Provisional Award of Gaming Concession

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Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho Yau Lung - Chairman and CEO Geoffrey Stuart Davis - Executive Vice President and Chief Financial Officer Evan Winkler - President, Managing Director and Executive Director David Sisk - Chief Operating Officer, Macau Resorts Conference Call Participants George Choi - Citi Ricardo Chinchilla - Deutsche Bank Joseph Greff - JPMorgan Billy Ng - Bank of America Dennis Carson - Barclays Praveen Choudhary - Morgan Stanley Operator Ladies and gentlemen, thank you for participating in the Third Quarter 2022 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 2022 Earnings Call Transcript

Melco (MLCO) delivered earnings and revenue surprises of 7.14% and 20.91%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Melco Resorts (MLCO) Reports Q3 Loss, Misses Revenue Estimates

MACAU, Nov. 02, 2022 (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 2022.

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News for Melco Resorts and Entertainment Stock (MLCO)