Commodity Channel Index
|Bid||16.19 x 3100|
|Ask||16.64 x 4000|
|Day's Range||15.68 - 16.84|
|52 Week Range||10.81 - 25.49|
|Beta (5Y Monthly)||2.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 22, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||22.06|
Chinese authorities are worried about a second wave of the coronavirus after detecting new infections centered around a market in Beijing. While the situation seems to be under control, this isn't good news for tourism companies that are highly exposed to the pandemic. Chinese tourism stocks are under pressure from strict government travel restrictions and poor consumer sentiment toward travel.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Melco Resorts & Entertainment announces the publication of its 2019 sustainability report (link). Since launching the Company’s Above and Beyond sustainability strategy, the report highlights the positive and substantial progress made towards the Company’s sustainability goals, including inspiring the Company’s resort guests by showing them that a sustainable future is a better future; being the best partner and the best place to work; achieving carbon neutrality across all resort properties; and achieving zero waste and contributing to circular economic leadership in Asia by the year 2030.
A vaccine will end the pandemic, encouraging travel, and boosting attendance at resorts -- or so the theory goes.
Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday. The flamboyant tycoon, who loved to dance and advised his nearest and dearest to shun gambling, headed one of the world's most lucrative gaming businesses through his flagship firm, SJM Holdings Ltd, valued at about $6 billion. Ho oversaw the transformation of once-sleepy Macau into the world's biggest casino centre, outpacing the United States' Las Vegas strip, and held a monopoly until 2002 when the enclave licensed five other operators to run casinos.
Rating Action: Moody's confirms Melco group companies' ratings; outlook negative. Global Credit Research- 25 May 2020. Hong Kong, May 25, 2020-- Moody's Investors Service has confirmed the ratings of Melco ...
Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.
Concerns over the coronavirus pandemic continues to hurt the gambling stocks. Moreover, Las Vegas Sands (LVS) abandons its pursuit of Integrated Resort (IR) development in Japan.
Last week, you might have seen that Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its first-quarter...
Image source: The Motley Fool. Melco Resorts & Entertainment Limited (NASDAQ: MLCO)Q1 2020 Earnings CallMay 14, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.
Melco (MLCO) delivered earnings and revenue surprises of -22.03% and 28.42%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
MACAU, May 14, 2020 -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class gaming, retail and entertainment resort located in.
MACAU, May 14, 2020 -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner and operator of casino gaming and entertainment.
Decline in traffic due to the coronavirus-induced shutdowns is likely to get reflected in Melco Resorts' (MLCO) first-quarter revenue results.
Shares of Asian casino giant Melco Resorts (NASDAQ: MLCO) jumped an impressive 27.6% in April, according to data provided by S&P Global Market Intelligence, as investors flooded back to the casino industry. Melco Resorts has been relatively quiet since the COVID-19 crisis broke out, so last month's move wasn't driven by any company-specific news event. One big tailwind is that the market overall is up big over the past month, and a volatile casino stock like Melco Resorts is going to magnify those gains.
MACAU, May 08, 2020 -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of casino gaming and entertainment casino resort facilities in.
Those holding Melco Resorts & Entertainment (NASDAQ:MLCO) shares must be pleased that the share price has rebounded...
Blackstone Group Inc. (NYSE: BX), a private equity company, has purchased a 10% stake in Australia based casino operator Crown Resorts, leading to a sharp spike in Crown's shares.What Happened Blackstone acquired the stake from Macau based Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO) sending shares of Crown Resorts Ltd. (OTC: CWLDF) soaring on hopes of a buyout. After the sale was completed, Melco exited its positions in Crown, in line with casino companies globally who are reigning in spending to mitigate the fallout from the coronavirus shutdowns, reported Reuters.Blackstone has emerged as a large shareholder in Crown, second-only to its billionaire founder James Packer. Speculation is rife that Blackstone, with its $570 billion assets under management, could buy more or even all of Crown Resorts. Packer's earlier bid to sell 37% of his stake to Melco was stymied by regulatory hurdles.Why It Matters Blackstone picked up 67.7 million shares from Melco at $5.33 each, putting the value of the transaction at $359.04 million.Crown's shares have fallen 21% since February 20 when restrictions on movement were mandated, severely impacting industries in public entertainment and tourism, according to Reuters.James McGlew, executive director of corporate stockbroking at Argonaut, told Reuters, "The sale has certainly stoked the fire of perceived corporate activity in Crown." He believes that COVID-19 has so weakened the casino and resort sector, its constituents are now easier to "track" as is prey in big game hunting.Price Action Crown Resorts OTC shares rose 30.43% at $6, the company's shares closed 11.6% higher at $6.25 on Tuesday in Sydney.Blackstone shares traded 0.37% higher at $51.59 in the after-hours session on Tuesday. The shares had closed the regular session 0.019% higher at $51.40.See more from Benzinga * Netflix Working On 'Social Distance,' A New Show From The Maker Of 'Orange Is The New Black' * Tesla Vehicles Will Now Recognize Traffic Lights And Stop Signs With Updated Software * Gates Foundation Entire Focus Now On Fighting COVID-19: Barron's(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau's Melco Resorts & Entertainment Ltd, sending Crown shares soaring amid hopes of a buyout. The deal accomplishes Melco's plan to exit its Crown holdings as casino companies around the world rein in spending to cope with a shutdown to slow the spread of the coronavirus. Blackstone's purchase makes the private equity investor the second-largest holder in Crown after the company's billionaire founder James Packer.
Today we'll take a closer look at Melco Resorts & Entertainment Limited (NASDAQ:MLCO) from a dividend investor's...
MACAU, March 31, 2020 -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class gaming, retail and entertainment resort located.
To the annoyance of some shareholders, Melco Resorts & Entertainment (NASDAQ:MLCO) shares are down a considerable 32...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Yahoo Finance’s Zack Guzman joins Seana Smith on The Final Round to discuss how casinos are faring as the coronavirus outbreak continues to spread.
The affected ratings are (1) MRF's Ba2 corporate family rating (CFR) and senior unsecured rating; (2) Studio City Finance's B1 CFR and B2 senior unsecured rating; and (3) Studio City Company's Ba3 senior secured rating. The outlooks for the three entities have been changed to rating under review from stable.