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Melco Resorts & Entertainment Ltd - MLCO STOCK NEWS

Welcome to our dedicated news page for Melco Resorts & Entertainment (Ticker: MLCO), a resource for investors and traders seeking the latest updates and insights on Melco Resorts & Entertainment.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Melco Resorts & Entertainment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Melco Resorts & Entertainment's position in the market.

Rhea-AI Summary
Melco Resorts & Entertainment receives a total of eight MICHELIN stars across five restaurants in Macau, establishing itself as the leader in the region. City of Dreams' Jade Dragon maintains Three MICHELIN-Star status for the sixth year. Alain Ducasse at Morpheus holds Two MICHELIN-stars for the sixth year, while Pearl Dragon, Ying, and Sushi Kinetsu each garner One MICHELIN-star. Lawrence Ho expresses gratitude for the recognition and highlights the commitment to excellence in hospitality and gastronomy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.31%
Tags
none
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Rhea-AI Summary
Melco Resorts & Entertainment Limited (MLCO) reported strong financial results for Q4 and full year 2023, with total operating revenues increasing by 224% to $1.09 billion in Q4. Despite an operating loss of $94.4 million, the company generated Adjusted Property EBITDA of $303.4 million. Net loss attributable to Melco was $156.6 million for Q4. The company highlighted growth potential in Macau and new developments in 2023, aiming for a competitive future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.42%
Tags
earnings
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News
Rhea-AI Summary
Melco Resorts & Entertainment Limited (MLCO) will release its unaudited financial results for Q4 and year-end 2023 on February 29, 2024. A conference call will follow at 8:30 a.m. ET. Online registration is required to join the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.01%
Tags
earnings
Rhea-AI Summary
Melco Resorts & Entertainment's properties in Asia have been honored with a total of 16 Five-Star awards by the 2024 Forbes Travel Guide, marking the 15th successive year that Altira Macau has achieved an FTG Five-Star award. Chairman and CEO Lawrence Ho expressed gratitude for the recognition, emphasizing Melco's commitment to providing world-class hospitality experiences. The awarded properties include hotels, restaurants, and spas across Melco's portfolio, with a focus on delivering exceptional design, entertainment, and quality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
none
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Rhea-AI Summary
Melco Resorts & Entertainment Limited (MLCO) reported a significant increase in total operating revenues for the third quarter of 2023, reaching US$1.02 billion, compared to US$241.8 million for the same period in 2022. The company also achieved an operating income of US$94.7 million, compared to an operating loss of US$198.5 million in 2022. However, Melco reported a net loss attributable to the company of US$16.3 million for the third quarter of 2023, an improvement from the net loss of US$243.8 million in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.38%
Tags
earnings
-
News
Rhea-AI Summary
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) will release its unaudited financial results for Q3 2023 on November 7, 2023. A conference call will be held on the same day at 8:30 a.m. Eastern Time. Participants can register in advance using the provided Online Registration Link. An audio webcast and replay of the conference call will be available at http://www.melco-resorts.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.45%
Tags
earnings
Rhea-AI Summary
Morpheus at City of Dreams named one of the World's Most Beautiful Hotels by Prix Versailles
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
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none
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Rhea-AI Summary
Melco Resorts & Entertainment launches NORDAQ water purification and bottling solution across global properties, aiming to replace single-use plastic bottles with refillable glass bottles. 43% of hotel rooms and three restaurant outlets in Macau and Manila already have NORDAQ installed, eliminating over 1.4 million SUP bottles. Estimated 14.8 million plastic bottles to be eliminated yearly in Macau alone. Melco remains a signatory to the Global Tourism Plastics Initiative. Positive engagement with sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
Tags
none
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Rhea-AI Summary
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) reported its unaudited financial results for Q2 2023. Total operating revenues were $947.9 million, a 220% increase from the same period in 2022. Operating income was $64.3 million, compared to an operating loss of $209.2 million in Q2 2022. Melco generated Adjusted Property EBITDA of $267.3 million, compared to negative Adjusted Property EBITDA of $13.8 million in Q2 2022. Net loss attributable to Melco was $23.4 million, compared to $251.5 million in Q2 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
earnings
News
Rhea-AI Summary
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) will release its unaudited financial results for Q2 2023 on August 1, 2023. The company will hold a conference call on the same day at 8:30 a.m. Eastern Time. Participants can join the call by registering in advance using the provided Online Registration Link. An audio webcast and replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.67%
Tags
earnings
Melco Resorts & Entertainment Ltd

Nasdaq:MLCO

MLCO Rankings

MLCO Stock Data

3.18B
569.64M
40.66%
1.26%
Casinos (except Casino Hotels)
Arts, Entertainment, and Recreation
Link
HK
Central

About MLCO

melco resorts & entertainment limited (nasdaq: mlco) is an award-winning developer, owner and operator of casino gaming and entertainment casino resort facilities in asia. in macau, melco resorts & entertainment currently operates city of dreams macau (www.cityofdreamsmacau.com), our flagship integrated entertainment resort and home of the house of dancing water, the world's largest water-based performance; altira macau (www.altiramacau.com), a forbes-five-star luxury hotel; and mocha clubs (www.mochaclubs.com), the largest non-casino based operations of electronic gaming machines in macau. opened in october 2015 was the hollywood-themed studio-concept resort, studio city, a thrilling new cinematic inspired entertainment and leisure destination. it is designed to be the most diversified entertainment offering in macau, with more world-class entertainment amenities than any integrated resort in the market, representing the pinnacle of entertainment-driven leisure destination experiences