Melco Resorts & Entertainment Limited American Depositary Shares - MLCO STOCK NEWS

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.

Melco Resorts & Entertainment Limited (Nasdaq: MLCO) reported a significant revenue boost of 110% in Q3 2021, totaling US$446.4 million, driven by improved gaming and non-gaming segments amid rising tourism in Macau. Despite this, the company faced an operating loss of US$182.2 million, down from US$275.0 million in Q3 2020. Adjusted Property EBITDA reached US$31.9 million, a recovery from negative EBITDA in the previous year. Net loss was reported at US$233.2 million, or US$0.49 per ADS. The ongoing impacts of COVID-19 are noted, affecting operations and future outlook.

Melco Resorts & Entertainment Limited (Nasdaq: MLCO) will release its unaudited financial results for Q3 2021 on November 9, 2021, followed by a conference call at 8:30 a.m. ET. Participants can join using the provided dial-in details, and an audio webcast will be available on the company's website. The release also includes a 'Safe Harbor' statement regarding forward-looking information, emphasizing risks such as COVID-19 impacts, gaming market growth, and economic conditions. Melco operates integrated resorts across Asia and Europe, including City of Dreams and Studio City.