Monday, April 15, 2024

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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.

Melco Resorts with 224% bump in operating revenues during 4Q23

Gaming operator Melco Resorts & Entertainment witnessed a substantial increase in total operating revenues during the fourth quarter of 2023, reaching $1.09 billion. 

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.

Melco Resorts credit rating upgraded due to Macau’s fast recovery: Moody’s 

Moody's Investors Service has upgraded Melco Resorts Group's credit rating from 'negative' to 'stable' due to the fast recovery in Macau.

Morningstar trims Melco Resorts revenue forecast for the coming years

US-based research firm Morningstar has lowered Melco Resorts' revenue forecasts for 2023-2025 by 5 to 10 percent and reduced adjusted EBITDA by 8 to 11 percent to 'reflect slightly weaker gaming volume and higher operating expenses amid keener competition in Macau.'

Melco Resorts’ 3Q23 revenues improve 7.6 pct QoQ, losses narrowed by a third

Melco Resorts & Entertainment Limited has reported an Adjusted Property EBITDA of US$280.6 million in the third quarter of 2023, with the relaxation of COVID-19-related restrictions and the opening of Studio City Phase 2 helping to drive revenues.

Melco Resorts to build cultural market and Riverview cafe in Inner Harbour area 

Melco Resorts & Entertainment Limited has revealed its support for the government's revitalization plan for Piers 23 and 25 in the Inner Port and Mount Fortress areas.

Credit Suisse upgrades Melco Resorts’ rating due to upcoming positive catalysts

Melco Resorts & Entertainment has been upgraded by analysts at Credit Suisse Group to an "outperform" rating in its recent research report.

Melco Resorts rating upgraded due to Macau’s fast recovery: S&P

Melco Resorts & Entertainment's credit rating has been upgraded by S&P Global from "negative" to "stable" due to the faster-than-expected recovery in Macau.