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’s EBITDA expected to surpass pre-COVID levels in 2025: S&P S&P Global Ratings states that Macau gaming operator Melco Resorts & Entertainment Ltd. is on track for an accelerating recovery path, with its property EBITDA expected to return to 2019 levels by 2025. In a non-ratings commentary, S&P assumes the company's EBITDA will recover to 94 percent of 2019 levels in 2024 and 7 percent higher than 2019 levels in 2025. This compares with about a 75 percent level in the fourth quarter of 2023. "Melco's EBITDA recovery will likely support its deleveraging to close to pre-pandemic levels over the next 12-24 months. Strong trends in Macau's mass gaming market are fueling this recovery," the research team indicates. The ratings agency also points out that higher visitor arrivals and hotel expansion will power mass-market growth in Macau. ‘China’s inclusion of Xi’an and Qingdao in the individual visit scheme from March 6 will likely further boost visitors to Macau.’ S&P Global estimates that Macau's mass gross gaming revenue (GGR) was up 12-13 percent from 2019 levels in the first two months of 2024. This trend is at the higher end of our 5-15 percent growth forecast for 2024, compared with 2019 levels. The company's EBITDA recovery could accelerate in the coming quarters. Solid mass gaming trends and incremental contributions from Studio City Phase 2 will likely support this. During the recent Chinese New Year holiday, the company's mass GGR was up 22 percent from 2019 levels, as the company benefited from Chinese arrivals.

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.

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

The Star Entertainment Group Limited has appointed Janelle Campbell as the Chief Executive Officer (CEO) of The Star Sydney, pending all necessary regulatory approvals.

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.

Mass market gross gaming revenue reported in the Macau SAR could recover to 85-90 percent of 2019 levels this year, analysts from brokerage S&P Global Ratings estimate.

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

Galaxy Entertainment continued to see strong returns in the third quarter, with revenues up 374 percent yearly, topping $1.24 billion. The results reflected the overall upturn of the Macau market, and support its ongoing build out within Cotai.