U.S. markets close in 2 hours 29 minutes

Melco Resorts & Entertainment Limited (MLCO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
17.18+0.31 (+1.87%)
As of 1:30PM EDT. Market open.
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Outside Bar (Bullish)

Outside Bar (Bullish)

Previous Close16.86
Open16.97
Bid17.13 x 800
Ask17.14 x 1400
Day's Range16.96 - 17.55
52 Week Range14.50 - 23.65
Volume1,512,314
Avg. Volume2,364,523
Market Cap8.231B
Beta (5Y Monthly)1.79
PE Ratio (TTM)N/A
EPS (TTM)-2.38
Earnings DateAug 18, 2021 - Aug 23, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 28, 2020
1y Target Est21.49
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Melco announces Asia’s first ever residency show project with superstar headliners Aaron Kwok, Joey Yung and Leon Lai
    GlobeNewswire

    Melco announces Asia’s first ever residency show project with superstar headliners Aaron Kwok, Joey Yung and Leon Lai

    Three-year undertaking highlights commitment to diversification in Macau through world-class entertainment Studio City Studio City MACAU, June 08, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment announces the launch of Asia’s first series of residency shows featuring an incredible line up of superstar artists including, Mr. Aaron Kwok, Ms. Joey Yung and Mr. Leon Lai (names in no particular order). The three-year residency show project and investment is a major undertaking which highlights

  • Melco publishes 2020 sustainability report Above & Beyond
    GlobeNewswire

    Melco publishes 2020 sustainability report Above & Beyond

    Highlighting four key sustainability objectives and progress made towards the Company’s sustainability goalsMACAU, May 28, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has published the Company’s third sustainability report (link). As part of the Company’s Above & Beyond strategy, four key pillars, RISE, underpin Melco’s sustainability commitment to evolve the way it inspires guests, colleagues and communities through the business’ collective resources, resolve and relationships to build a climate-fit and equitable future: Restoring our World Achieving carbon neutral resorts and zero waste across resorts by 2030; contributing to circular economy leadership in Asia; sourcing sustainable goods and services; and reducing our water footprint. Inspiring our Communities Being a company people choose to work for and stay with; being best-in-class in safety for guests, colleagues and community; promoting responsible gaming and an attitude of staying in control; and supporting communities and strengthening their economic prosperity. Sustaining our Supply Chain Procuring locally and creating demand for materials that have sustainability attributes in the supply chain; building capacity and awareness of the social, ecological and biodiversity impacts in sourcing; enhancing workers’ lives and working toward eliminating human trafficking and modern slavery in industry and supply chains. Empowering our Business Being the world’s most responsible, ethical and transparent integrated resort and minimizing any risk of disruption from data privacy or cybersecurity concerns. The report also highlights progress made towards the Company’s sustainability goals in 2020, including decisively mobilizing over 7,800 Melco volunteer participants in more than 600 volunteer activities to contribute to the local community including schools, SMEs, NGOs and Associations, under the ‘Simple Acts of Kindness’ initiative, and building resilient and sustainable supply chains by effectively supporting best practices and local economies. Melco’s environmental efforts include tackling the global challenge of reducing food waste through innovative technological solutions and inspiring partnerships such as Winnow AI Technology and achieving a 67% reduction in overproduced food waste over a six month trial at the employee dining rooms of City of Dreams. Improvements from energy efficiency measures resulted in a reduction of annualized electricity consumption of 34,297 MWh in Macau and Manila, equivalent to avoiding over 24,000 metric tonnes of GHG emissions, which is the reduction which would be achieved by taking over 5,200 cars off the road. Mr. Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment, said, “The core of our Above & Beyond strategy is to inspire guests to join us on our sustainability journey – to realize that a sustainable future is a better future for us all. Throughout the global shock of the COVID-19 pandemic, we remain diligent in maintaining high standards and consistent quality, unwavering in our mission to deliver unmatched entertainment, gaming and hospitality products and services, in a sustainable manner to all our guests. We will continue to take the lead in facing global challenges head on, with guests at the heart of our efforts. We are determined to go above and beyond what the world knows to create a business that is fit for the future.” About Melco Resorts & Entertainment Limited The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit www.melco-resorts.com. The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company. For media enquiries, please contact:Chimmy LeungExecutive Director, Corporate Communications Tel: +852 3151 3765Email: chimmyleung@melco-resorts.com

  • Melco earmarks close to MOP 16 million towards immunity incentive program for colleagues
    GlobeNewswire

    Melco earmarks close to MOP 16 million towards immunity incentive program for colleagues

    Supporting government efforts to build immunity, making vaccination a Company priority to ensure a safe environment for colleagues, guests and the communityMACAU, May 21, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is earmarking close to MOP 16 million towards a special “Get the Jab” immunity incentive program to encourage colleagues suitable for the COVID-19 vaccine to become fully vaccinated. Amongst the program, and subject to applicable terms and conditions, each fully vaccinated colleague will receive MOP1,000, and once the Company reaches certain immunity targets, up to six colleagues may win MOP1 million each. With immunity now established as a key Company objective, Melco is supporting the government’s efforts towards this. In coordination with the Macau Health Bureau and the Center for Disease Control and Prevention, the Company has provided colleagues with education seminars. In addition, the Company continues to arrange shuttle transportation for colleagues to attend vaccination appointments and grants two full days of paid vaccine leave. The Company’s goal is to ensure a safe environment for colleagues, guests and the community. Mr. Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment, said, “The health and safety of Melco colleagues, guests and community is a top priority. Our properties follow the best-in-class safety procedures, as demonstrated by their being among the first in the world to achieve the Sharecare Health Security VERIFIED® with Forbes Travel Guide certification. Through the efforts of the government, we are fortunate that vaccines are readily available. Our commitment to creating a safe environment and contributing to the government’s goal of achieving herd immunity is demonstrated by our resources dedicated to the immunity incentive program.” Recently, the Company has been honored as recipient of WeCare™ HR Asia Most Caring Companies Award 2021. The Company was also named Best Companies to Work for in Asia 2019-2021. About Melco Resorts & Entertainment Limited The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company is currently developing City of Dreams Mediterranean (www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is expected to be the largest and premier integrated destination resort in Europe. The Company is currently operating a temporary casino, the first authorized casino in the Republic of Cyprus, and is licensed to operate four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the satellite casinos while operation of the temporary casino will cease. For more information about the Company, please visit www.melco-resorts.com. The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company. For media enquiries, please contact:Chimmy LeungExecutive Director, Corporate Communications Tel: +852 3151 3765Email: chimmyleung@melco-resorts.com