Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. The firm focuses on the administration of Mocha Clubs, Altira Macau, City of Dreams, Studio City, and City of Dreams Manila. It operates through the following geographical segments: Macau, the Philippines, Cyprus, and Corporate and Other. The company was founded by Yau Lung Ho in December 2004 and is headquartered in Hong Kong.

Stricter enforcement of government policies, such as junket regulations, visa restrictions, visitor caps, antigraft campaigns, or a smoking ban, could have a significant adverse impact on Melco.

As regional and Macao casino operators expand their footprint in Asia’s gaming market, competition for the premium market is likely to intensify. Higher reinvestment may also be needed to attract premium mass businesses to Melco.

Melco Resorts will still face harsher license-renewal terms such as shorter license duration, requirement of nongaming investment, and 1% increase in gaming tax.

The development of the Studio City phase 2 project, which will include two hotel towers with a total of 900 rooms and suites, would help to maintain Melco’s market share in the midcycle.

Melco's strengths rest in serving high-margin premium mass patrons, so we think the migration of former junket clients to the premium mass segment brings opportunity for Melco.

The Macao gaming sector is well positioned to benefit from China's reopening, which will allow the sector to restore its profitability meaningfully.

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Melco Resorts & Entertainment

Why Robinhood?

About MLCO

Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. The firm focuses on the administration of Mocha Clubs, Altira Macau, City of Dreams, Studio City, and City of Dreams Manila.

MLCO Key Statistics

Analyst ratings

71%

Melco Resorts & Entertainment

Why Robinhood?

Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. The firm focuses on the administration of Mocha Clubs, Altira Macau, City of Dreams, Studio City, and City of Dreams Manila. Show more

MLCO Key Statistics

Analyst ratings

71%

Melco Resorts & Entertainment Ltd. engages in the management and development of casino gaming and entertainment resort facilities. The firm focuses on the administration of Mocha Clubs, Altira Macau, City of Dreams, Studio City, and City of Dreams Manila.