Melco Resorts & Entertainment Limited reports developments as a Nasdaq-listed ADR issuer that develops, owns and operates integrated resort facilities in Asia and Europe. Its recurring news centers on quarterly earnings, Property EBITDA, mass market and rolling chip table games performance, and non-gaming revenue across Macau, the Philippines and Cyprus.
Company updates also cover resort and hospitality operations at City of Dreams, Altira Macau, Mocha Clubs, Studio City, City of Dreams Manila and City of Dreams Mediterranean. Additional announcements include earnings-call schedules, restaurant and luxury-hospitality recognition, and operational commentary tied to tourism, competition and property-level performance.
Melco Resorts & Entertainment (Nasdaq: MLCO) announced it is exploring strategic alternatives for City of Dreams Manila, its integrated resort facility in the Philippines. The company has engaged CBRE Capital Advisors and Moelis & Company as financial advisors to assist in the evaluation process.
The facility is currently managed and operated by Melco Resorts Leisure (PHP) , a Melco subsidiary, through an operating agreement with PremiumLeisure and Amusement, Inc. The company emphasized that no decision has been made regarding any strategic alternative, and there is no guarantee that this exploration will result in any transaction.
Melco Resorts & Entertainment (Nasdaq: MLCO) has announced it will release its unaudited financial results for Q4 and full-year 2024 on Thursday, February 27, 2025. The release will be followed by a conference call at 8:30 a.m. Eastern Time (9:30 p.m. Singapore Time).
The company, which develops, owns, and operates integrated resort facilities in Asia and Europe, will provide dial-in details and access codes to participants upon registration through their online portal. An audio webcast and replay of the conference call will be available on the company's website.
Melco Resorts & Entertainment has achieved significant recognition for its sustainability initiatives, securing a place in the S&P Global Sustainability Yearbook 2025 as an 'Industry Mover' in the Casinos & Gaming sector. The company ranked among the top 15% in its industry, joining an elite group selected from 7,690 global companies across 60+ industries.
Additionally, Melco's Studio City Phase 2 development has made history by becoming the first project in Macau to receive a BREEAM 'Excellent' rating for New Construction. This achievement extends to being the first BREEAM certified project in China under the International 2016 New Construction: Bespoke scheme. The development previously won the 'Regional Award, Asia' at the BREEAM Awards in 2021.
Chairman and CEO Lawrence Ho emphasized the company's commitment to sustainability through their 'Above & Beyond' strategy, aiming to demonstrate that business success can align with environmental responsibility.
Melco Resorts & Entertainment has achieved a record-breaking performance in the 2025 Forbes Travel Guide (FTG), securing the highest number of Five-Star awards in both Macau and Asia with a total of 107 stars. The company received three new FTG Five-Star awards across Hotel, Restaurant, and Spa categories, specifically for Studio City's Epic Tower, The Spa at Epic Tower, and Altira Macau's Aurora restaurant.
The company now boasts 19 Five-Star awards across its properties, including multiple recognitions for its hotels (Morpheus, Nüwa, Star Tower, Epic Tower, and Altira Macau), restaurants (including Alain Ducasse at Morpheus and Jade Dragon), and spas (including Morpheus Spa and Altira Spa) in both Macau and Manila locations.
Melco Resorts & Entertainment reported strong Q3 2024 financial results with total operating revenues of US$1.18 billion, up 16% from US$1.02 billion in Q3 2023. Operating income increased to US$138.6 million from US$94.7 million year-over-year. The company achieved net income of US$27.3 million compared to a net loss of US$16.3 million in Q3 2023. Adjusted Property EBITDA rose to US$322.5 million from US$280.6 million. The improved performance was driven by recovery in Macau tourism, better gaming segments, and non-gaming operations. The company repurchased approximately 20.7 million ADSs for US$112 million during the quarter.
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.