Melco Resorts & Entertainment Limited (MLCO)
| Market Cap | 5.33B |
| Revenue (ttm) | 1.73B |
| Net Income (ttm) | -1.26B |
| Shares Out | 477.20M |
| EPS (ttm) | -1.79 |
| PE Ratio | n/a |
| Forward PE | 90.09 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,687,872 |
| Open | 11.24 |
| Previous Close | 11.30 |
| Day's Range | 10.85 - 11.44 |
| 52-Week Range | 8.87 - 23.65 |
| Beta | 1.84 |
| Analysts | Buy |
| Price Target | 14.41 (+29.2%) |
| Earnings Date | n/a |
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 516 gaming tables and 822 gaming machines; approximately 2,170 hotel rooms, and suites and villas; a wet stage performance theater with approximately 2,000 seats; 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 compa...
Financial Performance
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for MLCO stock is "Buy." The 12-month stock price forecast is 14.41, which is an increase of 29.16% from the latest price.
News
Strength Seen in Melco (MLCO): Can Its 16.6% Jump Turn into More Strength?
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.
Casino Stocks Gain on Macau's New Gaming Law Reforms
Stocks like LVS, WYNN and MLCO are likely to have benefitted from new amendments in gaming concession renewals.
Why Macao's Casino Stocks Jumped on Friday
New licensing rules may not be as harmful as feared for casino operators.
These 2 Nasdaq Stocks Hit the Jackpot Friday
Find out how these companies are beating the odds in a mixed market.
Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Today
Casino stocks are rising on Friday following an update on regulations in Macau from the Chinese government concerning licenses. The post Casino Stocks: Why LVS, WYNN, MGM and MLCO Are Rolling Higher Tod...
7 Gambling Stocks to Buy as Risk Appetite Soars During the Pandemic
While the pandemic may have forced Americans indoors, we haven't lost our speculative fervor, thus boosting gambling stocks. The post 7 Gambling Stocks to Buy as Risk Appetite Soars During the Pandemic ...
Casino stocks surge on a key report out of gambling mecca Macao
CNBC's Contessa Brewer reports on the surge in casino stocks after a Macao consultation. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Steve Grasso and Bonawyn Eison.
Casino Stocks: Why LVS, MLCO and WYNN Are Getting Buy-In Today
Casino stocks are on the move today thanks to a recent report out of China's Macau concerning new government regulations. The post Casino Stocks: Why LVS, MLCO and WYNN Are Getting Buy-In Today appeared...
Melco Announces Partnership with Marriott International to Develop The First W Hotel at Studio City Phase Two in Macau
MACAU, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment, a leading global developer, owner and operator of integrated resort facilities, announced today that it has entered into a strateg...
Melco Cyprus becomes first European operator to receive RG Check accreditation
Making Melco the first and only operator to receive Responsible Gaming certification across its global portfolio Making Melco the first and only operator to receive Responsible Gaming certification acro...
Morgan Stanley Upgrades Melco Resorts On 2022 Prospects
Following two years of headwinds, Macau stocks are likely to outperform in 2022, and Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) is poised to benefit from the easing of travel restrictions and licen...
Take chips off the table? Macao casino stocks take a hit
CNBC's Contessa Brewer on why Macao casino stocks were hit. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Steve Grasso.
Casino Stocks: The Macau Arrest News That Has MGM, WYNN, LVS and MLCO on Red Today
Casino stocks are on falling on Monday thanks to recent news of an arrest in Macau connected to the industry and we've got the details. The post Casino Stocks: The Macau Arrest News That Has MGM, WYNN, ...
Why AMC and Entertainment Stocks Are Down Big Today
Entertainment companies are impacted heavily by COVID-19, and the market is reacting to variant news quickly today.
Casino stocks cash in on major changes in Macau
CNBC's Contessa Brewer on LVS and Wynn shares soaring over Macau News. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Brian Kelly.
Melco celebrates construction milestone with Studio City Phase Two topping out ceremony
MACAU, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment, a leading global developer, owner and operator of integrated resort facilities, today held a topping out ceremony and unveiled the...
Travel Restrictions Hit Melco Resorts' Q3 Results; Remains Confident On Pent-Up Demand For Macau
Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) reported third-quarter FY21 sales of $446.39 million, a 109.7% increase Y/Y. The revenue increase was driven by improved performance in all gaming segmen...
Melco Resorts (MLCO) Reports Q3 Loss, Lags Revenue Estimates
Melco (MLCO) delivered earnings and revenue surprises of -43.33% and -34.34%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Melco Announces Unaudited Third Quarter 2021 Earnings
MACAU, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Eur...
Melco Announces Earnings Release Date
MACAU, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it...
Will Melco Resorts (MLCO) Report Negative Q3 Earnings? What You Should Know
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.
Gaming Growth Stocks You Shouldn't Be Betting Big On
Gaming stocks in Las Vegas are hot -- in China, not so much.
Melco combines advanced technology with the latest thinking in behavioral science to cut plate waste by 35%
Study conducted in partnership with Winnow and the London School of Economics sees post-consumer plate waste cut significantly through nudge communications Study conducted in partnership with Winnow and...
