Melco Resorts & Entertainment Limited (MLCO)
| Market Cap | 2.77B |
| Revenue (ttm) | 3.78B |
| Net Income (ttm) | -326.92M |
| Shares Out | 437.09M |
| EPS (ttm) | -0.75 |
| PE Ratio | n/a |
| Forward PE | 23.98 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,876,323 |
| Open | 6.34 |
| Previous Close | 6.31 |
| Day's Range | 6.29 - 6.53 |
| 52-Week Range | 6.10 - 14.00 |
| Beta | 1.10 |
| Analysts | Buy |
| Price Target | 12.92 (+103.79%) |
| Earnings Date | Apr 30, 2024 |
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 gaming tables and gaming machines; suites and villas; restaurants and bars; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has gaming tables and g... [Read more]
Financial Performance
In 2023, MLCO's revenue was $3.78 billion, an increase of 179.65% compared to the previous year's $1.35 billion. Losses were -$326.92 million, -64.87% less than in 2022.
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for MLCO stock is "Buy." The 12-month stock price forecast is $12.92, which is an increase of 103.79% from the latest price.
News
Melco reaffirms commitment to sustainability in 2023 RISE to go Above & Beyond report
MACAU, April 26, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its sixth sustainability strategy for the year 2023 ‘RISE to go Above & Beyond' (link). Continuing to adhere to fo...
Melco Announces Earnings Release Date
MACAU, April 25, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that...
Melco Resorts Finance Announces Pricing of Senior Notes Offering
MACAU, April 09, 2024 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of senior notes (the “New Notes”). Melco Resor...
Melco Resorts Finance Announces Proposed Senior Notes Offering
MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of senior notes (the “New Notes”), the...
Melco Announces Extension of Maturity Date of Revolving Credit Facilities
MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and ...
Melco Announces Unaudited Fourth Quarter 2023 Earnings
MACAU, Feb. 29, 2024 (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 continues lead among integrated resorts in Asia with the greatest number of stars attained in 2024 Forbes Travel Guide
MACAU, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's various hotels, restaurants and spas across its portfolio in Asia have been honored by 2024 Forbes Travel Guide (FTG), with the...
Melco Announces Unaudited Third Quarter 2023 Earnings
MACAU, Nov. 07, 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 E...
Morpheus is among the World's Most Beautiful Hotels according to Prix Versailles – the World Architecture and Design Award at UNESCO
The ultra-luxury property at City of Dreams becomes Macau's one and only hotel to be honored by the prestigious award The ultra-luxury property at City of Dreams becomes Macau's one and only hotel to ...
Melco becomes world's first integrated resort operator to launch the NORDAQ water filtration system across its global resorts
MACAU, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has become the world's first hospitality group and integrated resort operator to launch the NORDAQ water purification and bottlin...
Melco Announces Unaudited Second Quarter 2023 Earnings
MACAU, Aug. 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 E...
Melco's City of Dreams Mediterranean is honored with three accolades at The European Property Awards 2023
MACAU, July 03, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment announces City of Dreams Mediterranean has been honored by The European Property Awards 2023 for achievements in three categories...
Melco honored as Corporate Social Responsibility of the Year by Global Gaming Awards Asia-Pacific 2023 for second consecutive year
MACAU, June 13, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been honored by Global Gaming Awards Asia-Pacific 2023 as Corporate Social Responsibility of the Year for the second consecut...
Melco announces City of Dreams Mediterranean is to open in Limassol, Cyprus on July 10, 2023
Europe's largest integrated resort is set to redefine the island's tourism and hospitality sectors. LIMASSOL, Cyprus, May 12, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is pleased to annou...
Melco Announces Unaudited First Quarter 2023 Earnings
MACAU, May 10, 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...
Casinos Are Still a Good Bet, Surging Macau Data Show
The gambling mecca's gross gaming revenue for the first fourth months of this year was higher than the total for all of 2022.
Melco announces release of company's 2022 sustainability report Rise to go Above & Beyond
MACAU, April 28, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its fifth sustainability strategy for the year 2022 ‘RISE to go Above & Beyond' (link). Adhering to four key mater...
Melco unveils thrilling all-weather indoor waterpark and Epic Tower at Studio City Phase 2
Reaffirming commitment to the diversification of Macau's tourism industry Reaffirming commitment to the diversification of Macau's tourism industry
Melco Announces Privately-Negotiated Share Repurchase
MACAU, March 08, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (the “Company”), a developer, owner and operator of integrated resort facilities in Asia and Europe, toda...
Melco Announces Unaudited Fourth Quarter 2022 Earnings
MACAU, March 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 ...
Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia's integrated resorts
MACAU, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded a collective total of 97 Stars by 2023 Forbes Travel Guide (FTG), maintaining its lead among Macau and Asia's in...
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...