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home / news releases / MLCO - Macau casino revenue for February misses expectations

MLCO - Macau casino revenue for February misses expectations

Melco Resorts & Entertainment Limited
Gross gaming revenue in Macau was up 135.6% in February to $915M compared to a year ago when the global pandemic impacted travel.Due to the fewer amount of days in February, GGR was higher during the month than January GGR on a daily basis. The two-year comparison didn't look as sharp as February GGR was down 71% compared to the pre-pandemic tally seen in 2019. The GGR tally also missed the consensus estimate slightly as traffic built up slowly during the Chinese New Year, although the last week of the month showed an accelerating trend.Macau casino stocks: Wynn Macau ([[WYNMF], [[WYNMY]]), Wynn Resorts (WYNN), Sands China (SCHYY), Las Vegas Sands (LVS), MGM China (MCHVF), MGM Resorts (MGM), Galaxy Entertainment (GXYEF), SJM Holdings (SJMHF), Melco Resorts & Entertainment (MLCO) and Studio City International (MSC).Compare Seeking Alpha Quant Ratings on casino stocks.

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Macau casino revenue for February misses expectations
Stock Information
Company Name: Melco Resorts & Entertainment Limited
Stock Symbol: MLCO
Market: NASDAQ
Website: melco-resorts.com
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