Melco Resorts And Entmnt Ltd Stock Price, News & Analysis

Melco Resorts & Entertainment (NASDAQ: MLCO) has appointed John Peter Ben Wang as an independent non-executive director effective June 13, 2025. Wang will serve as chairman of the audit and risk committee and join the compensation committee and nominating and corporate governance committee. He qualifies as an audit committee financial expert and previously served as a director at Melco from 2006 to 2016. Wang's experience includes roles as Deputy Chairman at Summit Ascent Holdings and CFO of Melco International Development. He is a chartered accountant with extensive experience in finance, accounting, and investment banking, having qualified with the Institute of Chartered Accountants in England and Wales in 1985. He holds a bachelor's degree in accounting from the University of Kent.

Melco Resorts & Entertainment (NASDAQ: MLCO) has announced strategic operational changes in Macau, with plans to cease operations at Grand Dragon Casino and three Mocha Clubs (Mocha Hotel Royal, Mocha Kuong Fat, and Mocha Grand Dragon Hotel) before the end of 2025. The company will ensure job security by reassigning affected employees to other Melco properties in Macau, maintaining their current job duties. Gaming equipment from these venues will be redistributed to other company locations. Additionally, Melco will seek governmental approvals for three other Mocha Clubs (Mocha Inner Harbour, Mocha Hotel Sintra, and Mocha Golden Dragon) to continue operations beyond December 2025, subject to regulatory compliance.

Melco Resorts & Entertainment (MLCO) has successfully achieved its goal of sourcing 100% cage-free eggs across its global operations by 2025. The initiative, which began in 2020, covers all F&B outlets in Macau, the Philippines, and Cyprus. The company partnered with the Lever Foundation to secure reliable supplies and create economies of scale for the transition.

Cage-free eggs come from hens allowed to roam freely in barns and natural environments, offering improved animal welfare conditions and reduced food safety risks. Research by the European Food Safety Authority indicates that battery cage egg farms have up to 25 times greater risk of salmonella contamination compared to cage-free operations.

The achievement aligns with Melco's broader sustainability strategy focusing on responsible sourcing, environmental restoration, and community impact.

Melco Resorts & Entertainment (NASDAQ: MLCO) reported strong Q1 2025 financial results, with total operating revenues reaching US$1.23 billion, an 11% increase from Q1 2024. Operating income grew to US$144.9 million, while net income rose to US$32.5 million (US$0.08 per ADS). The company's Adjusted Property EBITDA increased to US$341.0 million, up from US$298.8 million year-over-year. City of Dreams led performance with US$658.1 million in revenues and US$195.9 million in Adjusted EBITDA. Macau operations showed strong growth, with record-breaking mass drop numbers, while City of Dreams Manila faced increased competition. The company continued its share repurchase program, buying back approximately 32.3 million ADSs for US$165 million, with US$223 million remaining in the program.

Melco Resorts & Entertainment (Nasdaq: MLCO), an integrated resort operator in Asia and Europe, has scheduled its Q1 2025 unaudited financial results release for May 8, 2025. The announcement will be followed by a conference call at 8:30 a.m. Eastern Time (8:30 p.m. Singapore Time). Interested participants must register in advance through the provided online registration link to receive dial-in details. An audio webcast and replay will be available on the company's website.

Melco Resorts & Entertainment has released its 2024 sustainability report "RISE to go Above & Beyond," highlighting significant environmental and social achievements. The company invested US$582 per employee in training, averaging 38 hours per person, and donated over US$17.42 million to local communities.

Key sustainability highlights include:

• Energy efficiency measures saved 62.5 million kWh annually
• 25,000+ PV panels installed across properties generating 10,000 MWh yearly
• Eliminated 13.2 million single-use plastic bottles through NORDAQ water system
• Achieved 100% cage-free egg sourcing in Manila and Macau operations

The company received notable recognition, including perfect scores for responsible gambling at ten facilities and membership in the S&P Global Sustainability Yearbook 2025. Under CEO Lawrence Ho's leadership, Melco continues to integrate luxury with responsibility, focusing on environmental impact, community support, and responsible gaming practices.

Melco Resorts & Entertainment maintains its leadership position in Macau's culinary scene, securing eight MICHELIN Stars across five restaurants in the MICHELIN Guide Hong Kong & Macau 2025. Jade Dragon at City of Dreams retains its prestigious Three MICHELIN Stars for the seventh consecutive year, while Alain Ducasse at Morpheus maintains Two MICHELIN Stars for the same duration.

Three additional restaurants received One MICHELIN Star each: Pearl Dragon at Studio City, Ying at Altira Macau, and Sushi Kinetsu at City of Dreams. The recognition reinforces Melco's commitment to enhancing Macau's status as a UNESCO-designated Creative City of Gastronomy through exceptional culinary offerings.

Melco Resorts & Entertainment (NASDAQ: MLCO) reported Q4 2024 financial results with total operating revenues of US$1.19 billion, up 9% from US$1.09 billion in Q4 2023. The company posted an operating income of US$97.0 million, compared to a loss of US$94.4 million in Q4 2023.

The company's Adjusted Property EBITDA was US$295.4 million, slightly down from US$303.4 million in Q4 2023. Net loss narrowed to US$20.3 million (US$0.05 per ADS) from US$205.9 million (US$0.47 per ADS) year-over-year.

Key highlights include market share growth in Macau, strong performance at City of Dreams Manila, and solid results from Cyprus operations. The company continued its share repurchase program, buying back approximately 20.7 million ADSs for US$112 million in 2024. Total cash and bank balances stood at US$1.27 billion, with total debt at US$7.16 billion as of December 31, 2024.

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.