Welcome to our dedicated page for Melco Resorts & Entertainment American Depositary Shares news (Ticker: MLCO), a resource for investors and traders seeking the latest updates and insights on Melco Resorts & Entertainment American Depositary Shares stock.
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.
On April 26, 2023, Melco Resorts & Entertainment was awarded seven Michelin stars across four restaurants in Macau by the MICHELIN Guide Hong Kong Macau 2023. This recognition establishes Melco as a leading operator in the region’s culinary scene. The Jade Dragon earned three stars for the fifth consecutive year, while Alain Ducasse at Morpheus received two stars, also for the fifth straight year. Additionally, Pearl Dragon and Ying were each awarded one star. Chairman Lawrence Ho expressed pride in these awards, emphasizing the company's commitment to enhancing Macau's status as a top tourism destination and showcasing its culinary excellence.
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