Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has approximately 516 gaming tables and 822 gaming machines; approximately 2,170 hotel rooms, and suites and villas; a wet stage performance theater with approximately 2,000 seats; approximately 25 restaurants and bars, and 165 retail outlets; and health and fitness clubs, three swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 97 gaming tables and 110 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising a spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 293 gaming tables and 947 gaming machines in Cotai, Macau. Further, the company owns and operates eight Mocha Clubs with 1,478 gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is headquartered in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.
IPO Year: 2006
Exchange: NASDAQ
Website: melco-resorts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/18/2024 | $10.00 → $7.00 | Overweight → Neutral | JP Morgan |
| 5/29/2024 | $7.50 → $10.40 | Neutral → Buy | BofA Securities |
| 5/6/2024 | $8.30 → $9.60 | Equal-Weight → Overweight | Morgan Stanley |
| 4/15/2024 | $10.00 | Buy | Seaport Research Partners |
| 12/15/2023 | $15.00 | Positive | Susquehanna |
| 7/18/2023 | $16.30 | Outperform | Macquarie |
| 6/28/2023 | Buy → Neutral | BofA Securities | |
| 6/20/2023 | $14.00 → $18.20 | Neutral → Outperform | Credit Suisse |
| 11/28/2022 | $7.00 → $10.00 | Neutral → Overweight | JP Morgan |
| 10/18/2022 | Outperform → Neutral | Credit Suisse |
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6-K - Melco Resorts & Entertainment LTD (0001381640) (Filer)
6-K - Melco Resorts & Entertainment LTD (0001381640) (Filer)
MACAU, April 26, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published its sixth sustainability strategy for the year 2023 ‘RISE to go Above & Beyond' (link). Continuing to adhere to four key material topics that underline Melco's commitment to sustainability, including "Restoring our World", "Inspiring our Communities", "Sustaining our Supply Chain" and "Empowering our Business", the strategy drives performance and sustainability initiatives to help the Company reach its ambitious goals. Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, said, "Our commitment to sustainability remains steadfast to our foundational principles—behaving responsibly, serving
JP Morgan analyst Joseph Greff downgrades Melco Resorts and Enter (NASDAQ:MLCO) from Overweight to Neutral and lowers the price target from $10 to $7.
B of A Securities analyst Ronald Leung maintains Melco Resorts and Enter (NASDAQ:MLCO) with a Buy and lowers the price target from $10.4 to $8.5.
https://igamingbusiness.com/casino/macau-gambling-revenue-june/
B of A Securities analyst Ronald Leung upgrades Melco Resorts and Enter (NASDAQ:MLCO) from Neutral to Buy and raises the price target from $7.5 to $10.4.
Morgan Stanley analyst Praveen Choudhary upgrades Melco Resorts and Enter (NASDAQ:MLCO) from Equal-Weight to Overweight and raises the price target from $8.3 to $9.6.
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JP Morgan downgraded Melco Resorts & Entertainment from Overweight to Neutral and set a new price target of $7.00 from $10.00 previously
BofA Securities upgraded Melco Resorts & Entertainment from Neutral to Buy and set a new price target of $10.40 from $7.50 previously
Morgan Stanley upgraded Melco Resorts & Entertainment from Equal-Weight to Overweight and set a new price target of $9.60 from $8.30 previously
Seaport Research Partners initiated coverage of Melco Resorts & Entertainment with a rating of Buy and set a new price target of $10.00
Susquehanna initiated coverage of Melco Resorts & Entertainment with a rating of Positive and set a new price target of $15.00
Macquarie initiated coverage of Melco Resorts & Entertainment with a rating of Outperform and set a new price target of $16.30
BofA Securities downgraded Melco Resorts & Entertainment from Buy to Neutral
Credit Suisse upgraded Melco Resorts & Entertainment from Neutral to Outperform and set a new price target of $18.20 from $14.00 previously
JP Morgan upgraded Melco Resorts & Entertainment from Neutral to Overweight and set a new price target of $10.00 from $7.00 previously
Credit Suisse downgraded Melco Resorts & Entertainment from Outperform to Neutral
MACAU, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the third quarter of 2024 on Tuesday, November 5, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 9:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration Link:https://register.veven
MACAU, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the second quarter of 2024. Total operating revenues for the second quarter of 2024 were US$1.16 billion, representing an increase of approximately 22% from US$947.9 million for the comparable period in 2023. The increase in total operating revenues was primarily attributable to the improved performance in the mass market segment and non-gaming operations, led by the continued recovery in inbound tourism to Macau during the second qua
MACAU, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the second quarter of 2024 on Tuesday, August 13, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration Link:https://register.veven
MACAU, April 30, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the first quarter of 2024. Total operating revenues for the first quarter of 2024 were US$1.11 billion, representing an increase of approximately 55% from US$716.5 million for the comparable period in 2023. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations, largely driven by the continued recovery in inbound tourism to Macau during the first
MACAU, April 25, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the first quarter of 2024 on Tuesday, April 30, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration Link:https://register.vevent
MACAU, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Total operating revenues for the fourth quarter of 2023 were US$1.09 billion, representing an increase of approximately 224% from US$337.1 million for the comparable period in 2022. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations following the relaxation of COVID-19 related restrictio
MACAU, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the fourth quarter and year ended December 31, 2023 on Thursday, February 29, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 9:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration
MACAU, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the third quarter of 2023. Total operating revenues for the third quarter of 2023 were US$1.02 billion, representing an increase of approximately 321% from US$241.8 million for the comparable period in 2022. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations following the relaxation of COVID-19 related restrictions in Macau in January 2023 and
MACAU, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the third quarter of 2023 on Tuesday, November 7, 2023 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 9:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration Link: https://register.veve
MACAU, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the second quarter of 2023. Total operating revenues for the second quarter of 2023 were US$947.9 million, representing an increase of approximately 220% from US$296.1 million for the comparable period in 2022. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations primarily due to the relaxation of COVID-19 related restrictions in Macau in January
MACAU, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE:MSC), a world-class integrated resort located in Cotai, Macau, today announces that it will release its unaudited financial results for the third quarter of 2024 on Tuesday, November 5, 2024. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the "Company") may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shar
MACAU, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the third quarter of 2024 on Tuesday, November 5, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 9:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration Link:https://register.veven
Black Spade Acquisition II Co (the "Company") (NASDAQ:BSIIU), a special purpose acquisition company ("SPAC"), today announced the closing of its previously announced initial public offering of 15,000,000 units at a price of $10.00 per unit, for aggregate gross proceeds to the Company of $150,000,000. The units began trading on The Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbol "BSIIU" on August 28, 2024. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ord
MACAU, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE:MSC) ("Studio City" or the "Company"), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the second quarter of 2024. Total operating revenues for the second quarter of 2024 were US$161.5 million, compared with total operating revenues of US$115.2 million in the second quarter of 2023. The increase was primarily attributable to the continued recovery in inbound tourism in Macau during the second quarter of 2024, and the ramp up of operations following the opening of Studio City Phase 2 in April 2023, which led to an increase in revenue from c
MACAU, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO) ("Melco" or the "Company"), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the second quarter of 2024. Total operating revenues for the second quarter of 2024 were US$1.16 billion, representing an increase of approximately 22% from US$947.9 million for the comparable period in 2023. The increase in total operating revenues was primarily attributable to the improved performance in the mass market segment and non-gaming operations, led by the continued recovery in inbound tourism to Macau during the second qua
MACAU, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE:MSC), a world-class integrated resort located in Cotai, Macau, today announces that it will release its unaudited financial results for the second quarter of 2024 on Tuesday, August 13, 2024. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the "Company") may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shar
MACAU, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (NASDAQ:MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that it will release its unaudited financial results for the second quarter of 2024 on Tuesday, August 13, 2024 to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Singapore Time). To join the conference call, please register in advance using the below Online Registration Link. Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference. Online Registration Link:https://register.veven
MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's Studio City is home to one of the World's Most Beautiful Hotels according to UNESCO's World Architecture & Design Award, the Prix Versailles. Awarded to W Macau – Studio City located at the cinematically themed resort Studio City, the property joins City of Dreams to become Melco's second integrated resort to garner the accolade. W Macau – Studio City is among 16 recently opened or reopened hotels that have left an extraordinary imprint, according to Prix Versailles. Opened in September 2023, W Macau – Studio City is housed in the newly added USD 1.2 billion complex of Studio City designed by the renowned internati
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry's most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate enterprise-wide success through talent development. The accolade recognizes Melco's "Whole Person Development" philosophy, a holistic system for development and growth. This is the third award Melco has received from ATD. Last year, the Company's "Foundation Acceleration Program" ("FAP") was awarded as winner of ATD's Excellence in Practice Award, Career Development category, and in 2022, its training program
MACAU, April 30, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited ("Melco") is pleased to announce its partnership with John Keells Holdings PLC ("John Keells"), the largest listed conglomerate on the Colombo Stock Exchange, in their US$1 billion plus integrated resort development in central Colombo. As part of the partnership, the integrated resort, which had previously been branded "Cinnamon Life Integrated Resort", will be rebranded as "City of Dreams Sri Lanka". City of Dreams Sri Lanka will be the first integrated resort in Sri Lanka and South Asia and is expected to revolutionize luxury hospitality, entertainment, and leisure in Sri Lanka, presenting an extraordinary