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Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a distinguished developer, owner, and operator of casino gaming and entertainment resort facilities across Asia and Europe. The company has garnered numerous awards for its high-quality offerings and innovative approach to entertainment.
In Macau, Melco operates several prestigious properties:
- City of Dreams Macau: A flagship integrated entertainment resort, featuring the world-renowned show “The House of Dancing Water,” the largest water-based performance globally.
- Altira Macau: A Forbes Five-Star luxury hotel providing premium services to its guests.
- Mocha Clubs: The largest non-casino based electronic gaming operations in Macau.
- Studio City: Opened in 2015, this Hollywood-themed resort offers a unique cinematic entertainment experience with a diverse range of world-class amenities.
Outside Macau, Melco showcases its global footprint:
- City of Dreams Manila: A luxury resort in the Philippines, catering to both premium and mass-market guests.
- City of Dreams Mediterranean: Located in Cyprus, this resort is a testament to Melco’s commitment to expanding its reach and delivering exceptional experiences worldwide.
Melco stands as one of the six licensed casino operators in Macau, emphasizing its significant role in the region's gaming and entertainment industry. The company’s business mix, as of 2019, highlighted that about 84% of its adjusted EBITDA originated from Macau, with the remaining largely from its operations in the Philippines.
Recent years have seen Melco continue to expand and innovate despite global economic challenges. The company remains resilient and proactive, with a focus on sustainable growth and long-term value for shareholders. Melco’s partnerships, luxurious products, and strategic projects set it apart in the competitive landscape.
For the latest updates, financial reports, and news, visit their official website or contact the investor relations and media teams.
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Melco Resorts Finance announces the pricing of US$750 million senior notes due 2032. The proceeds will be used to repay outstanding credit facility balances and for general corporate purposes.
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Melco Resorts & Entertainment (MLCO) extends the maturity date of its HK$14.85 billion revolving credit facility to April 29, 2027. Key terms remain unchanged, and MCO Nominee One pays a fee to lenders.
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Melco Resorts Finance plans an international offering of senior notes to repay a portion of its credit facility and for general corporate purposes. Melco Resorts Finance, a subsidiary of Melco Resorts & Entertainment , will issue the New Notes, subject to market conditions and investor interest. The offering targets qualified institutional buyers in the US and international investors.
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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.
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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.
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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.
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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.
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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.
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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.
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Morpheus at City of Dreams named one of the World's Most Beautiful Hotels by Prix Versailles
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FAQ
What is the current stock price of Melco Resorts & Entertainment American Depositary Shares (MLCO)?
The current stock price of Melco Resorts & Entertainment American Depositary Shares (MLCO) is $5.36 as of February 4, 2025.
What is the market cap of Melco Resorts & Entertainment American Depositary Shares (MLCO)?
The market cap of Melco Resorts & Entertainment American Depositary Shares (MLCO) is approximately 2.5B.
What does Melco Resorts & Entertainment Limited specialize in?
Melco specializes in the development, ownership, and operation of casino gaming and entertainment resort facilities in Asia and Europe.
Where is Melco Resorts & Entertainment Limited based?
Melco is based in Macau, where it operates several flagship properties, including City of Dreams Macau, Altira Macau, and Mocha Clubs.
What are some of the notable properties operated by Melco in Macau?
Notable properties include City of Dreams Macau, Altira Macau, Mocha Clubs, and Studio City, a Hollywood-themed resort.
Does Melco have operations outside Macau?
Yes, Melco operates City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus.
How significant is Melco's presence in the Macau gaming industry?
Melco is one of only six licensed casino operators in Macau, demonstrating its significant role in the region's gaming and entertainment sector.
What percentage of Melco's adjusted EBITDA comes from Macau?
As of 2019, about 84% of Melco's adjusted EBITDA originated from Macau.
What are the main entertainment attractions at City of Dreams Macau?
City of Dreams Macau features 'The House of Dancing Water,' the world's largest water-based performance.
When did Studio City in Macau open?
Studio City opened in October 2015.
What sets Melco apart from its competitors?
Melco is known for its luxurious products, innovative entertainment offerings, and strategic global expansion.
How can I get more information about Melco's financial performance?
Visit Melco's official website or contact their investor relations team for the latest financial reports and updates.
Melco Resorts & Entertainment Limited American Depositary Shares
Nasdaq:MLCO
MLCO Rankings
MLCO Stock Data
2.48B
419.71M
38.89%
1.99%
Resorts & Casinos
Consumer Cyclical
United States of America
Central