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Melco merger with Studio City/Melco International would boost share price: Bernstein

Melco Resorts & Entertainment is the worst-performing amongst Macau’s gaming stocks year-to-date and a merger, either with parent Melco International Development or its Studio City unit would unlock value for shareholders, Bernstein said.

Melco International posts 9.7% 1H21 revenue increase, boosted by mass

Melco International Development Limited posted a net revenue increase of 9.7% to HK$8.43 billion for 1H21 based on gradual business recovery, particularly of the gaming mass market.

Melco Resorts teams with Marriott International to bring W Hotels to Studio City

Melco Resorts & Entertainment said it has teamed with Marriott International to bring a W Hotel to the second phase of Studio City's development, which is scheduled to open in December next year.

Debt reductions on track to improve Melco’s financial stability: CEO

A debt reduction of some $250 million has helped Melco Resorts & Entertainment to mitigate its refinancing risks and bolster the company's financial stability, says the group's CEO Lawrence Ho in its recent conference call.

City of Dreams Sri Lanka could achieve up to $250M in GGR: Melco Resorts CFO

The recently announced City of Dreams Sri Lanka project could achieve Gross Gaming Revenue (GGR) ranging between $200 million to $250 million on a run-rate basis, the group's management revealed.

Melco Resorts senior notes should help finances, possible EBITDA of $1.3B in 2024: Moody’s

Both Moody's Ratings and S&P Global Ratings issued evaluations on the recently announced senior notes linked to Melco Resorts & Entertainment Limited, stating the move should help the group repay its debt and improve financial leverage.

Melco Resorts’ executives, CEO, included in $9 mln restricted share grant

Lawrence Ho Yau Lung, chairman and CEO of Melco Resorts, will be the recipient, together, with three other executives in the gaming group, of $9 million in restricted grant shares.

Daily Asia Gaming eBrief: Melco’s revenues rise 224% y-o-y in 4Q23

Melco Resorts & Entertainment witnessed a considerable increase in total operating revenues during the fourth quarter of 2023, reaching $1.09 billion. This bump was attributed to the improved performance across all gaming segments and non-gaming operations.

Melco and Wynn announce a bonus for employees

Macau gaming operator Melco Resorts & Entertainment has announced a one-month discretionary bonus that will be paid to all eligible non-management colleagues in Macau before the Chinese New Year.

Melco Resorts promotes the unique charm of Macau through “tourism + sports”

Melco Resorts & Entertainment continues to actively support the SAR government’s calls for Macau’s economic diversification, dynamically promoting the coordinated development of "tourism + sports" to contribute to the city's enhanced status as a world tourism and leisure center.