2024-03-12 21:22:07 ET
Summary
- Melco Resorts reported another adjusted EBITDA positive quarter with an increase in both revenues and EPS.
- The macro situation is improving for travel and demand for resorts and gaming has led Melco Resorts' improving financial position, paying down debt.
- While debt reduction is a priority, the valuation is not as cheap as it appears due to high interest costs and high capex costs that should persist into the future.
Introduction
Read the full article on Seeking Alpha
For further details see:
Melco Resorts: A High Valuation And Debt Overhang