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.

Macau gaming operator Melco Resorts & Entertainment, dedicated to fostering cultural and sporting industries by hosting world-class events, is co-hosting Macau’s inaugural MotoSurf World Championship from November 22 to 24 at the iconic Hac Sa beach, in collaboration with the Macau MotoSurf Association (MMSA).

Nasdaq-listed gaming company Melco Resorts & Entertainment has repurchased nearly 8.33 million shares of its own stock on the open market, with a total investment—excluding expenses—of approximately $44.5 million.

Nasdaq-listed Melco Resorts & Entertainment Limited's $500 million share buyback program accounts for about 15 percent of its market cap, notes UBS in its investment memo released following the company's announcement.

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.

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.

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.