Melco Resorts & Entertainment Limited (MLCO)
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]
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 StatementsAnalyst 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.
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...
Casino playbook: Bracing for change in 2023
CNBC's Contessa Brewer reports on the casino sector's prospects in 2023.

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...

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...

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...

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...

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...
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.
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.

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...

Casino Stocks Decline Amid Covid-19 Flare-Ups in China
Shares of casino companies with operations in Macau fall Monday.

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?

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...

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 ...

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.
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.

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...

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.

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.

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...

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.

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...

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...

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.