Melco Resorts & Entertainment Limited (MLCO)

NASDAQ: MLCO · IEX Real-Time Price · USD
13.55
-0.03 (-0.22%)
At close: Jan 27, 2023, 4:00 PM
13.50
-0.05 (-0.37%)
After-hours: Jan 27, 2023, 6:51 PM EST
-0.22%
Market Cap 6.03B
Revenue (ttm) 1.49B
Net Income (ttm) -838.52M
Shares Out 445.09M
EPS (ttm) -1.78
PE Ratio n/a
Forward PE 90.09
Dividend n/a
Ex-Dividend Date n/a
Volume 4,643,341
Open 13.43
Previous Close 13.58
Day's Range 13.43 - 14.24
52-Week Range 4.06 - 14.23
Beta 1.11
Analysts Buy
Price Target 12.44 (-8.19%)
Earnings Date Mar 7, 2023

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 approximately 511 gaming tables and 572 gaming machines; approximately 770 rooms, and suites and villas; approximately 25 restaurants and bars, and 165 retail outlets; and health and fitness clubs, three swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 1... [Read more]

CEO Yau Lung Ho
Employees 17,878
Stock Exchange NASDAQ
Ticker Symbol MLCO
Full Company Profile

Financial Performance

In 2021, MLCO's revenue was $2.01 billion, an increase of 16.46% compared to the previous year's $1.73 billion. Losses were -$811.75 million, -35.75% less than in 2020.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for MLCO stock is "Buy." The 12-month stock price forecast is $12.44, which is a decrease of -8.19% from the latest price.

Price Target
$12.44
(-8.19% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

3 weeks ago - GlobeNewsWire

Casino playbook: Bracing for change in 2023

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

1 month 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 month ago - Benzinga

7 Experience Stocks That Could Pop Off in 2023

With a good deal of pent-up travel demand, keep an eye on experience stocks. For one, according to SWNSDigital.com, 80% of Americans say they need a vacation in 2023 “more than ever before.

Other symbols: ALKCZRFUNHLTMTNTSLA
1 month ago - InvestorPlace

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 month 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 month 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 month 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 month 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.

2 months 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
2 months ago - Yahoo Finance

Melco Announces Provisional Award of Gaming Concession

MACAU, Nov. 26, 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...

2 months ago - GlobeNewsWire

Casino Stocks Decline Amid Covid-19 Flare-Ups in China

Shares of casino companies with operations in Macau fall Monday.

Other symbols: LVSWYNN
2 months ago - Barrons

Melco Resorts (MLCO) Reports Q3 Loss, Misses Revenue Estimates

Melco (MLCO) delivered earnings and revenue surprises of 7.14% and 20.91%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Melco Announces Unaudited Third Quarter 2022 Earnings

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 E...

3 months ago - GlobeNewsWire

Melco Announces Earnings Release Date

MACAU, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that ...

3 months ago - GlobeNewsWire

Casino Stocks Plunge as Chinese Stay Home for Holiday Week

China recorded 422 million domestic trips during the Golden Week holiday, which was 39% lower than the 2019 level and 18.2% less than the same period in 2021.

Other symbols: LVSMGMWYNN
3 months ago - Barrons

Casino stocks sink after Citigroup slashes Macau gaming revenue forecast

Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman break down how casino stocks are trading on Monday morning.

Other symbols: LVSMGMWYNN
3 months ago - Yahoo Finance

7 Growth Stocks to Buy to Tap Into a Hidden Bull Market

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 la...

Other symbols: BTUCEIXLLYLRNLVSRIVN
4 months ago - InvestorPlace

Melco (MLCO) Surges 25.5%: Is This an Indication of Further Gains?

Melco (MLCO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

4 months ago - Zacks Investment Research

Macau Casinos Are Finally Reopening. Gambling Stocks Can Still Wow.

Barron's noted over the summer that Las Vegas Sands looked particularly well positioned, and the stock is up more than 12% since then, trouncing the S&P 500.

Other symbols: LVS
4 months ago - Barrons

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

Source: Maridav/Shutterstock, Inc. Casino stocks are rising higher on Monday and they have China's easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Maca...

Other symbols: WYNNLVS
4 months ago - InvestorPlace

Macau to Reopen for Tours From Mainland China. Casino Stocks Are Climbing.

Melco Resorts & Entertainment and Las Vegas Sands were leading the climb among casino stocks Monday.

Other symbols: LVSMGMWYNN
4 months ago - Barrons

Melco Announces Submission of Tender Proposal for Gaming Concession

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...

4 months ago - GlobeNewsWire

Melco's internally designed Morpheus-branded service program awarded by prestigious global accolade “ATD Excellence in Practice Awards 2022”

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 Associatio...

5 months ago - GlobeNewsWire

Melco Resorts (MLCO) Q2 Earnings Top Estimates, Revenues Lag

Melco Resorts & Entertainment's (MLCO) second-quarter 2022 results were hurt by COVID-related restrictions in Macau as well as mainland China.

5 months ago - Zacks Investment Research