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 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 & 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.

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.

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.

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.

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 & 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.

When Asia no longer proves as exciting, set your sights elsewhere. That's what Melco did with its property in Cyprus, with the group's President noting that it took its focus on high-end clientele and an Asian-inspired IR concept to sunnier shores.

The gaming operators and the Macau government share the same goals, despite delays in diversification plan discussions, the chairman and CEO of Melco Resorts & Entertainment, Lawrence Ho, indicated. The company is also ready to tackle a 20 percent investment pledge increase once GGR levels top $22.45 billion, says the executive.