Welcome to our dedicated page for Melco Resorts And Entmnt news (Ticker: MLCO), a resource for investors and traders seeking the latest updates and insights on Melco Resorts And Entmnt stock.
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) is a developer, owner, and operator of integrated resort facilities in Asia and Europe. The MLCO news stream highlights how the company’s casino and non-gaming operations perform across its portfolio, including City of Dreams, Studio City and Altira Macau, as well as City of Dreams Manila, City of Dreams Mediterranean and related satellite casinos, and City of Dreams Sri Lanka.
News for Melco frequently centers on quarterly earnings releases, where the company reports total operating revenues, operating income, net income attributable to the company, and segment-level Adjusted EBITDA and Adjusted Property EBITDA. These updates break down rolling chip volume, mass market table games drop, gaming machine handle, win rates and non-gaming revenue for each major property, giving investors and observers detailed insight into trends in Macau, the Philippines, Cyprus and Sri Lanka.
MLCO news also covers financing and capital structure developments, such as senior notes offerings by Melco Resorts Finance Limited, conditional cash tender offers for existing notes, redemptions of outstanding debt, and repayments under revolving credit and senior secured facilities. Corporate governance updates, including the appointment of independent non-executive directors and committee roles, appear in the company’s announcements and related Form 6-K filings.
In addition, Melco issues news on strategic and operational changes, such as the planned cessation of operations at Grand Dragon Casino and certain Mocha Clubs in Macau, the reallocation of gaming tables and machines, and the commencement of casino operations and management services at City of Dreams Sri Lanka. The company also reports on sustainability milestones, including achieving 100% cage-free egg sourcing across its global portfolio.
Investors tracking MLCO news can use this page to follow earnings dates, property performance, financing actions and sustainability disclosures that shape the company’s integrated resort business.
Melco Resorts & Entertainment (Nasdaq: MLCO), an integrated resort operator in Asia and Europe, has scheduled its Q3 2024 earnings release for Tuesday, November 5, 2024. The company will host a conference call at 8:30 a.m. Eastern Time (9:30 p.m. Singapore Time) on the same day. Interested participants can register for the call through the provided online registration link, after which they will receive dial-in numbers and a Personal PIN. An audio webcast and replay will be available on the company's website.
Black Spade Acquisition II Co (NASDAQ: BSIIU) has successfully closed its initial public offering of 15,000,000 units at $10.00 per unit, raising $150 million in gross proceeds. The units, trading under 'BSIIU', consist of one Class A ordinary share and one-third of a redeemable warrant. Once separated, shares and warrants will trade as 'BSII' and 'BSIIW' respectively.
The company, a special purpose acquisition company (SPAC), is sponsored by an affiliate of Black Spade Capital , the private investment arm of Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment. Clear Street and Cohen & Company Capital Markets acted as joint book-running managers. The SPAC aims to pursue merger opportunities in the entertainment, lifestyle, and technology industries, with a focus on AI beneficiaries.
Melco Resorts & Entertainment (Nasdaq: MLCO) reported unaudited Q2 2024 earnings with total operating revenues of $1.16 billion, a 22% increase from Q2 2023 driven by improved mass market and non-gaming operations in Macau. Operating income rose to $123.7 million from $64.3 million. Adjusted Property EBITDA was $302.8 million, up from $267.3 million. The company achieved a net income of $21.4 million, or $0.05 per ADS, compared to a net loss of $23.4 million in Q2 2023.
City of Dreams reported revenues of $576.4 million and Adjusted EBITDA of $165.1 million. Studio City saw a revenue increase to $352.3 million with Adjusted EBITDA of $79.2 million. However, City of Dreams Manila had a revenue decline to $109.0 million and Adjusted EBITDA of $40.5 million.
Total debt was reduced to $7.22 billion, with available liquidity of $3.09 billion. Capital expenditures for Q2 2024 were $47.6 million. Net non-operating expenses were $116.9 million, primarily due to interest expenses.
Melco Resorts & Entertainment (Nasdaq: MLCO), a developer and operator of integrated resort facilities in Asia and Europe, has announced the release date for its unaudited financial results for the second quarter of 2024. The results will be released on Tuesday, August 13, 2024, followed by a conference call on the same day at 8:30 a.m. Eastern Time (8:30 p.m. Singapore Time).
Interested parties can register for the conference call using the provided Online Registration Link. Upon registration, participants will receive dial-in numbers and a unique Personal PIN to join the call. An audio webcast and replay of the conference call will also be available on the company's website.
Melco Resorts & Entertainment has been honored with the 2024 BEST Award by the Association for Talent Development (ATD), marking its third recognition from the organization. This global accolade celebrates companies achieving enterprise-wide success in talent development. Melco’s unique “Whole Person Development” strategy, focusing on comprehensive career growth beyond traditional classroom training, played a key role in this achievement. Last year, Melco received ATD’s Excellence in Practice Award for its Foundation Acceleration Program and in 2022, it was recognized for its customer service training initiative. In 2023, Melco offered nearly 418,000 seats for over 1,300 courses through its Learning Academy, underscoring its commitment to employee development.
Melco Resorts & Entertainment announced a partnership with John Keells Holdings PLC to develop the 'City of Dreams Sri Lanka', an integrated resort in central Colombo. The project includes a casino license, hotel rooms, retail outlets, and more.
Melco Resorts & Entertainment reported impressive unaudited financial results for the first quarter of 2024, with a significant increase in total operating revenues, operating income, and adjusted property EBITDA compared to the same period in 2023. The positive performance was driven by the recovery in inbound tourism to Macau. Net income also improved, with a shift from a net loss in the first quarter of 2023 to a net income in the first quarter of 2024. The company highlighted various strategic initiatives taken during the period, including management changes, restructuring of sales force, and expansion of retail outlets. Melco's chairman expressed optimism about the company's growth prospects and market leadership in the gaming, entertainment, and leisure sectors.
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