Melco Resorts & Entertainment Limited (MLCO)

NASDAQ: MLCO · IEX Real-Time Price · USD
11.16
-0.14 (-1.24%)
At close: Jan 21, 2022 4:00 PM
10.91
-0.25 (-2.24%)
After-hours:Jan 21, 2022 7:27 PM EST
Market Cap5.33B
Revenue (ttm)1.73B
Net Income (ttm)-1.26B
Shares Out477.20M
EPS (ttm)-1.79
PE Ration/a
Forward PE90.09
Dividendn/a
Ex-Dividend Daten/a
Volume5,687,872
Open11.24
Previous Close11.30
Day's Range10.85 - 11.44
52-Week Range8.87 - 23.65
Beta1.84
AnalystsBuy
Price Target14.41 (+29.2%)
Earnings Daten/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...

IndustryHotels, Restaurants & Leisure
IPO DateDec 19, 2006
CEOYau Lung Ho
Employees19,746
Stock ExchangeNASDAQ
Ticker SymbolMLCO
Full Company Profile

Financial Performance

Financial Statements

Analyst 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.

Price Target
$14.41
(29.16% upside)
Analyst Consensus: Buy

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.

5 days ago - Zacks Investment Research

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.

Other symbols:LVSWYNN
5 days ago - Zacks Investment Research

Why Macao's Casino Stocks Jumped on Friday

New licensing rules may not be as harmful as feared for casino operators.

Other symbols:LVSMGMWYNN
1 week ago - The Motley Fool

These 2 Nasdaq Stocks Hit the Jackpot Friday

Find out how these companies are beating the odds in a mixed market.

Other symbols:WYNN
1 week ago - The Motley Fool

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...

Other symbols:MGMWYNNLVS
1 week ago - InvestorPlace

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 ...

Other symbols:CZRDKNGLTRYPENNWYNN
1 week ago - InvestorPlace

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.

Other symbols:CZRLVSMGMWYNN
1 month ago - CNBC Television

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...

Other symbols:WYNNLVS
1 month ago - InvestorPlace

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...

1 month ago - GlobeNewsWire

Why Travel and Entertainment Stocks Bounced Higher on Tuesday

The market is bullish on travel and entertainment despite the rise of omicron.

Other symbols:AHTBKNGEXPEMARMGMTCOM
1 month ago - The Motley Fool

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...

1 month ago - GlobeNewsWire

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...

1 month ago - Benzinga

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.

Other symbols:LVSMGMWYNN
1 month ago - CNBC Television

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, ...

Other symbols:MGMWYNNLVS
1 month ago - InvestorPlace

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.

Other symbols:AMCMGMPLAY
1 month ago - The Motley Fool

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.

Other symbols:LVSMGMWYNN
2 months ago - CNBC Television

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...

2 months ago - GlobeNewsWire

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...

2 months ago - Benzinga

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?

2 months ago - Zacks Investment Research

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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.

2 months ago - Zacks Investment Research

Gaming Growth Stocks You Shouldn't Be Betting Big On

Gaming stocks in Las Vegas are hot -- in China, not so much.

Other symbols:LVSWYNN
3 months ago - The Motley Fool

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...

4 months ago - GlobeNewsWire

China Just Blew Up the Casino Market in New Regulatory Crackdown

Sweeping changes could be coming to Macao integrated resorts.

4 months ago - The Motley Fool