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Palm Beach, FL – December 7, 2021 – FinancialNewsMedia.com News Commentary – Gambling experts have long contended that the industry is not recession-proof, and data has recently supported this claim. The COVID-19 pandemic has turned the entire world upside d...
Macau has one of the world’s strictest COVID-19 lockdown and travel policies, shrinking GDP by 56% in 2020. Travel and leisure took a huge hit as the COVID-19 pandemic forced Melco’s entire business of resorts and casinos to shut down under the country's lockdown. Th...
Travel and leisure stocks are up nearly across the board even after the Biden Administration announced increased international travel restrictions due to the Omicron variant. Analysts believe that yesterday's drop was overstated as more information arrives regarding the new variant....
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Casino stocks are on falling on Monday thanks to recent news of an arrest in Macau connected to the industry. Source: Shutterstock There were actually several arrests on Saturday in connection to casino stocks but t...
The COVID Omicron variant remained Wall Street's central topic of conversation as traders returned to work on Monday following the Thanksgiving holiday. COVID vaccine maker Moderna (NASDAQ:MRNA) saw a pre-market advance as a result, extending the rally it posted last Friday when headlines abo...
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...
Shares of entertainment stocks are down big on Friday as the market sells off risky assets, particularly those that may be impacted by a new strain of COVID-19. In the first hour of trading today, AMC Entertainment (NYSE: AMC) fell as much as 7.2%, Dave & Buster's Ente...
The chief executive of Macau provided no new information on the gaming license rebid process in a policy address at the Legislative Assembly, according to a UBS analyst. The Macau head said that the license process is on a "healthy direction, and not meant to make life difficult for the opera...
Palm Beach, FL – November 16, 2021 – FinancialNewsMedia.com News Commentary – The global gaming industry is one of the industries that has grown during the global pandemic. Even before the coronavirus helped propel the iGaming sector, it was on very stable g...
Featuring a USD 1.3 billion extension designed by Zaha Hadid Architects To offer one of Asia’s largest indoor & outdoor water parks, cinematic themed experience and family-oriented entertainment MACAU, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainmen...
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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...
MACAU, April 30, 2024 (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 fi...