Melco Resorts & Entertainment Limited (MLCO)

NASDAQ: MLCO · IEX Real-Time Price · USD
8.59
0.00 (0.00%)
Feb 26, 2024, 4:00 PM EST - Market closed
0.00%
Market Cap 3.72B
Revenue (ttm) 3.02B
Net Income (ttm) -372.97M
Shares Out 437.09M
EPS (ttm) -0.84
PE Ratio n/a
Forward PE 15.77
Dividend n/a
Ex-Dividend Date n/a
Volume 4,940,160
Open 8.60
Previous Close 8.59
Day's Range 8.45 - 8.63
52-Week Range 6.80 - 14.46
Beta 1.14
Analysts Buy
Price Target 14.62 (+70.2%)
Earnings Date Feb 29, 2024

About MLCO

Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has gaming tables and gaming machines; suites and villas; restaurants and bars; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has gaming tables and g... [Read more]

IPO Date Dec 19, 2006
Employees 16,908
Stock Exchange NASDAQ
Ticker Symbol MLCO
Full Company Profile

Financial Performance

In 2022, MLCO's revenue was $1.35 billion, a decrease of -32.92% compared to the previous year's $2.01 billion. Losses were -$930.53 million, 14.6% more than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for MLCO stock is "Buy." The 12-month stock price forecast is $14.62, which is an increase of 70.20% from the latest price.

Price Target
$14.62
(70.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Melco Announces Earnings Release Date

MACAU, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that ...

4 days ago - GlobeNewsWire

Melco continues lead among integrated resorts in Asia with the greatest number of stars attained in 2024 Forbes Travel Guide

MACAU, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's various hotels, restaurants and spas across its portfolio in Asia have been honored by 2024 Forbes Travel Guide (FTG), with the...

19 days ago - GlobeNewsWire

Melco Announces Unaudited Third Quarter 2023 Earnings

MACAU, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and E...

3 months ago - GlobeNewsWire

Morpheus is among the World's Most Beautiful Hotels according to Prix Versailles – the World Architecture and Design Award at UNESCO

The ultra-luxury property at City of Dreams becomes Macau's one and only hotel to be honored by the prestigious award The ultra-luxury property at City of Dreams becomes Macau's one and only hotel to ...

4 months ago - GlobeNewsWire

Melco becomes world's first integrated resort operator to launch the NORDAQ water filtration system across its global resorts

MACAU, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has become the world's first hospitality group and integrated resort operator to launch the NORDAQ water purification and bottlin...

6 months ago - GlobeNewsWire

Melco Announces Unaudited Second Quarter 2023 Earnings

MACAU, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and E...

7 months ago - GlobeNewsWire

Melco's City of Dreams Mediterranean is honored with three accolades at The European Property Awards 2023

MACAU, July 03, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment announces City of Dreams Mediterranean has been honored by The European Property Awards 2023 for achievements in three categories...

8 months ago - GlobeNewsWire

Melco honored as Corporate Social Responsibility of the Year by Global Gaming Awards Asia-Pacific 2023 for second consecutive year

MACAU, June 13, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been honored by Global Gaming Awards Asia-Pacific 2023 as Corporate Social Responsibility of the Year for the second consecut...

9 months ago - GlobeNewsWire

Melco announces City of Dreams Mediterranean is to open in Limassol, Cyprus on July 10, 2023

Europe's largest integrated resort is set to redefine the island's tourism and hospitality sectors. LIMASSOL, Cyprus, May 12, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is pleased to annou...

10 months ago - GlobeNewsWire

Melco Announces Unaudited First Quarter 2023 Earnings

MACAU, May 10, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Eu...

10 months ago - GlobeNewsWire

Casinos Are Still a Good Bet, Surging Macau Data Show

The gambling mecca's gross gaming revenue for the first fourth months of this year was higher than the total for all of 2022.

Other symbols: LVSMGMWYNN
10 months ago - Barrons

Melco announces release of company's 2022 sustainability report Rise to go Above & Beyond

MACAU, April 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its fifth sustainability strategy for the year 2022 ‘RISE to go Above & Beyond' (link). Adhering to four key mater...

10 months ago - GlobeNewsWire

Melco unveils thrilling all-weather indoor waterpark and Epic Tower at Studio City Phase 2

Reaffirming commitment to the diversification of Macau's tourism industry Reaffirming commitment to the diversification of Macau's tourism industry

11 months ago - GlobeNewsWire

Melco Announces Privately-Negotiated Share Repurchase

MACAU, March 08, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (the “Company”), a developer, owner and operator of integrated resort facilities in Asia and Europe, toda...

1 year ago - GlobeNewsWire

Melco Announces Unaudited Fourth Quarter 2022 Earnings

MACAU, March 01, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and ...

1 year ago - GlobeNewsWire

Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia's integrated resorts

MACAU, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded a collective total of 97 Stars by 2023 Forbes Travel Guide (FTG), maintaining its lead among Macau and Asia's in...

1 year ago - GlobeNewsWire

Melco Announces Commencement of New Gaming Concession

MACAU, Jan. 01, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner and operator of integrated resort facilities in Asia and Eu...

1 year ago - GlobeNewsWire

Casino playbook: Bracing for change in 2023

CNBC's Contessa Brewer reports on the casino sector's prospects in 2023.

1 year ago - CNBC Television

Why Las Vegas Sands, Melco Resorts & Entertainment And Wynn Resorts Shares Are Seeing Blue Skies Tuesday

Las Vegas Sands Corp. LVS, Melco Resorts & Entertainment Ltd MLCO and Wynn Resorts, Limited WYNN are all trading higher during Tuesday's session. Shares of Chinese companies are trading higher after C...

Other symbols: LVSWYNN
1 year ago - Benzinga

Melco Announces Further Details of Gaming Concession

MACAU, Dec. 18, 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 Eu...

1 year ago - GlobeNewsWire

Melco Announces Final Award of Gaming Concession

MACAU, Dec. 16, 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 Eu...

1 year ago - GlobeNewsWire

Macau casinos' new contracts to sharpen focus on non-gaming activities

Macau's six incumbent casino firms are set to sign new 10-year contracts on Friday to operate in the world's biggest gambling hub, easing fears of investors and executives after a lengthy bidding proc...

Other symbols: LVSMGMWYNN
1 year ago - Reuters

Why Melco Resorts & Entertainment Stock Is Shooting Higher Thursday - Melco Resorts and Enter (NASDAQ:MLCO)

Melco Resorts & Entertainment Ltd MLCO shares are trading higher by 12.12% to $11.66 going into the close of Thursday's session amid overall strength in stocks with China-related exposure. Shares of s...

1 year ago - Benzinga

Trader Triple Play: Boeing, casinos & homebuilders on the move

The traders discuss Boeing, Wynn, LVS and the homebuilders. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Dan Nathan, Guy Adami and Steve Grasso.

Other symbols: BADHIKBHLENLVSMGMPHM
1 year ago - CNBC Television

Casino stocks: Wynn, MGM, L.V. Sands rise after Macau renewed licenses

Yahoo Finance Live anchors Brian Sozzi, Brad Smith and Julie Hyman discuss the moves in casino stocks after Macau license renewals.

Other symbols: MGMWYNNLVS
1 year ago - Yahoo Finance