Melco Resorts And Entmnt Ltd Stock Price, News & Analysis

Melco Resorts & Entertainment Limited (MLCO) will release its unaudited financial results for Q2 2020 on August 20, 2020, via Form 6-K with the SEC. The financial conference call is scheduled for the same day at 8:30 a.m. ET. Participants can join through various international dial-in numbers provided for multiple regions, including the US, Hong Kong, Japan, and the UK. An audio webcast will also be available on the company's website. This upcoming announcement is anticipated as investors eagerly await insights into the company's performance amidst ongoing market challenges.

Melco Resorts Finance has announced the pricing of its international offering of US$350 million in 5.750% senior notes due 2028, priced at 101% of the principal amount. The funds will be used for general corporate purposes and will rank equally with existing senior indebtedness. These Additional Notes will consolidate with previously issued Original Notes of the same interest rate. The offering will be conducted under U.S. regulations for qualified institutional buyers, and the notes will not be registered under the Securities Act.

On August 3, 2020, Melco Resorts Finance announced an intention to conduct an international offering of 5.750% senior notes due 2028, aimed at general corporate purposes. This follows a prior issuance of US$500 million in senior notes. The Additional Notes will be consolidated with the Original Notes under the existing indenture. Pricing for the offering will depend on market conditions and investor interest, with no binding agreements currently in place. The notes will be sold to qualified institutional buyers in the U.S. and internationally under applicable regulations.

Melco Resorts & Entertainment Limited has signed the Global Tourism Plastics Initiative, aiming to tackle plastic waste and pollution in the tourism sector. This commitment includes actionable goals by 2025 to eliminate problematic plastics and promote reuse. The Senior VP for Sustainability, Denise Chen, emphasized the importance of corporate responsibility in environmental issues. Melco's recent sustainability report showcases its progress towards zero waste and carbon neutrality by 2030, reinforcing its leadership in sustainable practices.

Melco Resorts Finance has priced its international offering of senior notes, raising US$500 million through 5.750% senior notes due in 2028. The notes were priced at 100% and aim to refinance existing credit facilities and support corporate needs. These senior notes will rank equally with current senior debts but will not involve Melco as a guarantor. The offering applies under Rule 144A in the U.S. and Regulation S outside the U.S., with no intention to register the notes in the U.S.

Melco Resorts Finance announced an international offering of senior notes, known as the New Notes. The net proceeds will be used to repay outstanding amounts on its revolving credit facility and for general corporate purposes. The New Notes will rank equally with existing senior indebtedness, but Melco will not guarantee them. The terms and interest rate will be determined upon pricing, and the offering is subject to market conditions. The New Notes will be available to qualified institutional buyers under Rule 144A of the Securities Act and will not be registered in the U.S.

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) has announced its support for private placement offers by Studio City International Holdings Limited, dated July 7, 2020. Melco's subsidiary, MCO Cotai Investments Limited, will purchase all offered SCIHL Class A ordinary shares, aiming for total proceeds between US$450 million and US$500 million. This move signals Melco's commitment to strengthening its ties with SCIHL in the competitive gaming market, specifically in Macau and beyond.

Melco Resorts & Entertainment Limited (Nasdaq: MLCO) reported a 41% decline in total operating revenues for Q1 2020, totaling US$0.81 billion compared to US$1.38 billion in 2019, due to COVID-19 impacts. The company experienced an operating loss of US$149.9 million, down from an income of US$191.1 million the previous year. Net loss reached US$364.0 million or US$0.76 per ADS, significantly contrasted against a net income of US$120.1 million in Q1 2019. Due to this challenging environment, the board suspended the quarterly dividend to preserve liquidity.

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) will release its unaudited financial results for Q1 2020 on May 14, 2020, via Form 6-K with the SEC. A conference call will follow at 8:30 a.m. ET, where investors can join using provided dial-in details. The company operates multiple integrated resort facilities in Asia and Europe, including Altira Macau and City of Dreams. Moreover, the company is developing City of Dreams Mediterranean in Cyprus, expected to be the largest integrated destination resort in Europe.