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 announces the upcoming launch of the family-friendly Super Fun Zone at Studio City, expected to open in June 2022. Covering 29,600 square feet, this entertainment venue will include five themed areas: Mountain, Forest, Under the Sea, Outer Space, and Space Station, with activities suitable for all ages. Key attractions feature the Bubble Zone, Monkey Rope, and Cosmic Bounce, alongside dining options and party facilities. The COO, David Sisk, highlights the company's commitment to economic diversification and innovative attractions in Macau's tourism sector.
Melco Resorts (NASDAQ: MLCO) reported Q1 2022 revenues of $474.9M, down 8% YoY, primarily due to COVID-19 restrictions impacting Macau's gaming market. The operating loss narrowed to $135.9M from $162.8M in Q1 2021. Adjusted EBITDA improved to $56.0M, compared to $30.1M last year. Net loss was $183.3M or $0.39 per ADS, an improvement from $232.9M or $0.49 per ADS in Q1 2021. Total debt rose by $1.3B, necessitating careful liquidity management. The company remains optimistic about recovery as travel restrictions ease in Macau and the Philippines.
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) will release its unaudited financial results for Q1 2022 on May 5, 2022. The results will be followed by a conference call at 8:30 a.m. Eastern Time. The company operates integrated resorts in Asia and Europe, including properties in Macau and the Philippines. An audio webcast will also be available for those interested in the results. This press release includes forward-looking statements about the company’s beliefs and expectations, highlighting potential risks related to the global economy and gaming market.
Melco Resorts & Entertainment has achieved a remarkable recognition from the 2022 Forbes Travel Guide, earning a total of 97 Stars, including 17 Five-Star awards. This accolade underlines the company's leadership within Macau and Asia's integrated resort industry, with all properties, such as City of Dreams, Studio City, and Altira Macau, being recognized. Noteworthy is Altira Macau's 13th consecutive year as a Five-Star recipient in both Hotel and Spa categories, solidifying Melco's commitment to exceptional hospitality.
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) reported its fourth quarter and full year 2021 financial results. Total operating revenues decreased by 9% to US$480.6 million compared to Q4 2020. The company posted an operating loss of US$104.4 million, but improved Adjusted Property EBITDA to US$94.0 million from US$53.4 million a year prior. The net loss for Q4 was US$159.9 million, down from US$199.7 million in Q4 2020. For 2021, Melco reported total revenues of US$2.01 billion, a rise from US$1.73 billion in 2020.
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) will announce its unaudited financial results for the fourth quarter and year ended December 31, 2021, on March 1, 2022. A conference call is scheduled for the same day at 8:30 a.m. Eastern Time (9:30 p.m. Hong Kong Time). Investors can join via provided dial-in numbers and an audio webcast will be accessible on the company's website. This announcement is part of regular reporting and includes forward-looking statements that address potential risks and market conditions affecting the company's future performance.
On February 7, 2022, Melco Resorts & Entertainment Limited (Nasdaq: MLCO) announced that its subsidiary, MCO Cotai Investments Limited, has agreed to acquire approximately 220 million Class A ordinary shares of Studio City International Holdings Limited for a total of around US$165 million. This investment expands Melco's portfolio in the integrated resort sector. The transaction is exempt from registration under the U.S. Securities Act and is subject to applicable regulations. Melco is notably supported by its major shareholder, Melco International Development Limited.
Melco Resorts & Entertainment has received seven Michelin stars for four of its signature restaurants in Macau, as recognized by the Michelin Guide Hong Kong Macau 2022. This achievement positions Melco as a leading integrated resort operator with the highest number of Michelin stars in the region. Notable awards include Jade Dragon with 3 stars, Alain Ducasse at Morpheus with 2 stars, and Pearl Dragon and Ying each claiming 1 star. The commendations underscore Melco's commitment to culinary excellence and enhance its reputation in the hospitality sector.
Melco Resorts & Entertainment has announced a strategic partnership with Marriott International to launch W Macau - Studio City in December 2022. This new hotel will feature 557 guestrooms, including 127 suites, and will complement Studio City Phase 2's offerings, which include a large water park and other entertainment options. David Sisk, COO of Melco Macau Resorts, emphasized the partnership's potential to enhance Macau's appeal as a leisure destination. The hotel aims to provide unique experiences with high-energy social spaces and diverse culinary options, making it a key attraction in Cotai.
Melco Cyprus has achieved Responsible Gaming (RG) Check certification for its four Cyprus Casinos, making it the first European operator to obtain this accreditation. This accomplishment positions Melco as the sole global integrated resort operator to receive RG Check across all jurisdictions, including Macau and the Philippines. The certification underscores Melco's commitment to promoting Responsible Gaming and exceeding regulatory requirements. The RG Check accreditation is valid for three years and reflects best practices in responsible gaming, emphasizing Melco's dedication to community wellbeing.