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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 t...
Melco Resorts & Entertainment ( NASDAQ: MLCO ) is scheduled to announce Q3 earnings results on Wednesday, November 2nd, before market open. The consensus EPS Estimate is -$0.55 (-27.9% Y/Y) and the consensus Revenue Estimate is $281.92M (-36.8% Y/Y). Over the last ...
Macau gross gaming revenue fell 10.7% in October to $3.9B patacas ($482M) compared to a year ago, according to data from the Gaming Inspection and Coordination Bureau. The GGR tally was worse than the -8.5% consensus mark anticipated by analysts. October casino GGR was up 31.6% on a...
Shares of Chinese companies took a beating today as political and economic changes in the country came into focus for investors. For gambling and travel companies operating in Macao , a special administrative region of China, the changes might be even more stark. Shares of MGM Res...
The Macau casino sector is reeling again on Monday after China showed that the longstanding zero-tolerance COVID policy is still very much in effect. Earlier on Monday, officials in the economic center of Guangzhou announced that all schools and restaurants will be closed in or...
Melco Resorts & Entertainment ( NASDAQ: MLCO ) was downgraded by Credit Suisse as a Zero-COVID policy and a weakening consumer likely impact results. “Post 3Q, the gradual e-Visa and packaged tour resumption and slight normalization of Covid-19 policy (post Party ...
Macau casinos followed up a weak Q3 with only incremental improvement during the Golden Week national holiday in China that started off Q4. Macau saw a daily average of 26K arrivals for a total Golden Week tally of 182,152 visitor arrivals, according to Bank of America analyst Billy...
Summary Macau's gaming industry has fallen on hard times due to covid and other reasons. Signs point towards relaxation of zero-covid policies in China. Macau casino stocks have most to gain from a reopening. At the same time, gambling licenses for all Macau casino operators a...
The continued recovery of an important market is a possibility that has excited Melco Resorts & Entertainment (NASDAQ: MLCO) investors over the past few days -- so much so that, amid the general stock market gloom, Melco shares glowed like a bright neon sign. They rose by 25% ac...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Even though the stock market has performed miserably lately, and throughout most of 2022, macroeconomic data shows there is reason to be hopeful equities can rebound meaningfully sooner rather than later. Moreover, unlike i...
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2024-05-06 06:00:06 ET Praveen Choudhary from Morgan Stanley issued a price target of $9.60 for MLCO on 2024-05-06 04:55:00. The adjusted price target was set to $9.60. At the time of the announcement, MLCO was trading at $7.24. The overall price target consensus is at $...
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) shares are trading higher on Tuesday after reporting first-quarter results depict...
MACAU, April 30, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (“Melco”) is pleased to announce its partnership with John Keells Holdings PLC (“John Keells”), the largest listed conglomerate on the Colombo Stock Exchange, in their US$1 billion plus...