Melco Resorts & Entertainment Limited (MLCO)
| Market Cap | 10.05B |
| Revenue (ttm) | 5.74B |
| Net Income (ttm) | 373.17M |
| Shares Out | 1.44B |
| EPS (ttm) | -2.09 |
| PE Ratio | n/a |
| Forward PE | 72.46 |
| Dividend | $0.17 |
| Dividend Yield | 0.79% |
| Trading Day | February 25 |
| Last Price | $20.95 |
| Previous Close | $20.75 |
| Change ($) | 0.20 |
| Change (%) | 0.96% |
| Day's Open | 20.88 |
| Day's Range | 20.58 - 22.19 |
| Day's Volume | 4,712,573 |
| 52-Week Range | 10.81 - 22.19 |
MACAU, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in As...
But China still needs to lift e-visa restrictions before a rebound can really begin.
MACAU, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announc...
Entire property portfolio receives top tier recognition Altira Macau celebrates 12th consecutive year as Five-Star award recipient
Highlighting the expansion project's targeted sustainability strategy and contribution towards achieving Melco's carbon neutral and zero waste goals Highlighting the expansion project's target...
This week, Joe Biden will be inaugurated as the 46th president of the United States. While there concerns about riskier assets, including stocks under $20, heading into Election Day, it's clea...
A toxic stock is basically one that trades at a price not supported by its fundamental strength. Identifying toxic stocks is imperative in shielding one's portfolio from massive losses.
MACAU, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of 5.375% senior notes due 2029 (the “A...
MACAU, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of 5.375% senior notes due 2029...
2021 might be a great year to bet on gambling stocks.
Gambling stocks are front and center for many investors these days, but not every company out there is a winner in this risky segment. The post 3 Gambling Stocks to Avoid as the Industry Recup...
MACAU, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is proud to announce that its Forbes Travel Guide Five-Star certified properties including Morpheus at City of Dreams, St...
Realizing commitment towards the elimination of single-use plastic and the promotion of circular economy across global operations Realizing commitment towards the elimination of single-use pla...
On the face of it, Melco Resorts looks like a stock to avoid. However, blame for its less-than-stellar performance in 2020 can largely be laid at the feet of COVID-19.
MACAU, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment, a global leader in premium integrated resorts, announces that it will be rolling out Winnow Vision, an Artificial Intell...
The recovery in Macao's gambling revenue isn't coming as quickly as hoped.
MACAU, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been named winner of 2020 Industry Community Awards (ICA)'s Community Award – Asia. The award recognizes Melco's proa...
The coronavirus pandemic has been hurting the gaming industry as most of the casinos are witnessing lower traffic due to the outbreak.
Melco Resorts & Entertainment Limited (MLCO) CEO Lawrence Ho on Q3 2020 Results - Earnings Call Transcript
Melco (MLCO) delivered earnings and revenue surprises of 27.47% and -28.98%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
MACAU, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in As...
The Golden Week holiday didn't provide quite the hoped-for boost, but it got momentum moving in the right direction.
The national Golden Week holiday failed to provide much lift.
MACAU, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announc...
Melco (MLCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The world's largest gambling market is on the comeback trail.
Macau casino GGR declined in September owing to dismal footfall. Moreover, GGR declined 90% or more for the sixth straight month.
Gaming stocks have 'underperformed' over the past 2-3 months: Macquarie
Macquarie's Chad Beynon discusses the impact of the coronavirus pandemic on visitations in Las Vegas as well as Macao's gambling industry.
It's the sixth straight month of 90% or greater declines in gambling revenue.
Casino stocks have taken a big hit in 2020, but the latest economic data out of China suggests the world’s largest gambling hub could be well on the path to recovery.
Winner of the Hotel Over 200 Rooms Asia Pacific category Winner of the Hotel Over 200 Rooms Asia Pacific category
Bulls bet on Melco Resorts & Snap
"Halftime Report" trader Pete Najarian spots unusual options activity in Melco Resorts and Snap.
Casino stocks are sliding—Here's what's happening
CNBC's Contessa Brewer breaks down how the casino and gambling industry is faring amid the coronavirus pandemic.
Discretionary stocks in the casino and restaurant industries took a dive on fears of another spike in coronavirus cases.
Macau casino gross gaming revenue decline in August due to dismal footfall. Moreover, GGR declined more than 90% for the fifth straight month.
It's been five straight months with revenue down 90% or more.
Melco Resorts & Entertainment (MLCO) second-quarter results reflect dismal performance in all gaming segments and non-gaming operations due to the coronavirus pandemic.
Melco Resorts & Entertainment Limited (MLCO) CEO Lawrence Ho on Q2 2020 Results - Earnings Call Transcript
Melco (MLCO) delivered earnings and revenue surprises of 37.93% and -34.61%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
This quintet of international stocks are poised to thrive as the world gets back to normal following the Covid-19 pandemic.
Although the pandemic took its toll on the gambling industry, these 7 gambling stocks remain a worthy investment for their future growth. The post Ante Into These 7 Gambling Stocks appeared ...
Bulls bet on Melco Resorts and Raytheon
"Halftime Report" trader Jon Najarian spots unusual options activity in shares of Melco and Raytheon
Macao was in the news in a good way for casino stocks today.
MACAU, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of 5.750% senior notes due 2028 (the ...
Gaming revenues declined sharply in Macau due to a reduction in footfall as China continued to decline individual and group visas to Macau as a safety precaution.
MACAU, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of 5.750% senior notes due 20...
Casinos in the world's biggest gambling hub Macau are staring at heavy losses for the second quarter, with "not much hope" for a near-term recovery as a resurgence in coronavirus cases muddies...
Joining global initiative to tackle plastic waste led by the UN Environment Programme and the World Tourism Organisation in collaboration with the Ellen MacArthur Foundation Joining global ini...
Melco (MLCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
About MLCO
The Company, with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines ... [Read more...]
| Industry Resorts & Casinos | IPO Date Dec 19, 2006 |
| CEO Yau Lung Ho | Employees 23,078 |
| Stock Exchange NASDAQ | Ticker Symbol MLCO |
Financial Performance
In 2019, MLCO's revenue was $5.74 billion, an increase of 10.56% compared to the previous year's $5.19 billion. Earnings were $373.17 million, an increase of 9.66%.
Analyst Forecasts
According to 20 analysts, the average rating for MLCO stock is "Buy." The 12-month stock price forecast is 21.64, which is an increase of 3.29% from the latest price.