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The Macau casino sector pushed higher in early trading on Tuesday off indications that Hong Kong wants to relax COVID rules such as mandatory hotel quarantine. The expectation is that hotel quarantine will be replaced with seven days of home health monitoring. Crucially, Mainlan...
Melco Resorts (Macau) a subsidiary of Melco Resorts & Entertainment ( NASDAQ: MLCO ) on September 14, 2022 submitted its detailed proposal in relation to the public tender for new gaming concessions launched by the Macau Government in July this year. "I would...
Summary Southeastern’s 13F portfolio value decreased from $5.66B to $4.74B this quarter. The number of positions increased from 35 to 36. They increased IAC/Interactive, Hyatt Hotels, General Electric, Warner Bros. Discovery, and Liberty Broadband and Affiliated Managers Gr...
MACAU, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, announces that today, on September 14, 2022, Melco Resorts (Macau) Limited, a subsidiary of the Company, su...
The story out of Macau is much the same for casinos struggling to generate significant traffic due to COVID restrictions. Macau daily revenue for the first eight days of September was 94M patacas a day, per industry estimates. Jefferies said the slight improvement from August was mainly...
MACAU, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment’s in-house training program has been awarded by the prestigious and globally renowned talent development organization Association for Talent Development (ATD) . Melco’s training program ‘M...
Summary As expected, Melco sustained EBITDA losses this quarter amid the impact of COVID restrictions on the Macau operations. While the near-term guidance is uncertain, Melco’s liquidity runway provides a nice buffer against any headwinds. The discounted valuation offe...
U.S.-listed Macau casino stocks traded higher on Wednesday after the local government said it will allow nonresidents from 41 nations entry after seven days of medical observation in a government-approved quarantine hotel. Foreign passport holders will also still required to pre...
Melco Resorts & Entertainment (NASDAQ: MLCO) got hit hard on Tuesday as its stock price was down as much as 12% in early afternoon trading. At the closing bell it was down 9.2% to $5.52 per share. It was another rough day on the markets as the Dow was down 307 points, th...
Melco Resorts & Entertainment Limited (MLCO) Q2 2022 Earnings Conference Call August 18, 2022 08:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho - Chairman & Chief Executive Officer Geoff Davis - Executive Vic...
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MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment’s Studio City is home to one of the World’s Most Beautiful Hotels according to UNESCO’s World Architecture & Design Award, the Prix Versailles . Awarded to W Macau – Studio City loca...
2024-07-03 04:16:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry’s most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate en...