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Melco Resorts & Entertainment Limited (MLCO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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19.98+0.68 (+3.52%)
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Previous Close19.30
Open19.78
Bid0.00 x 4000
Ask0.00 x 2900
Day's Range19.22 - 20.64
52 Week Range10.81 - 25.22
Volume11,854,279
Avg. Volume3,094,250
Market Cap9.189B
Beta (5Y Monthly)1.98
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 28, 2020
1y Target EstN/A
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  • GlobeNewswire

    Melco Resorts Finance Announces Pricing of 5.750% Senior Notes Offering

    MACAU, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of 5.750% senior notes due 2028 (the “Additional Notes”). Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”). The offering consists of US$350 million aggregate principal amount of Additional Notes, priced at 101% of the principal amount plus accrued interest from July 21, 2020 to, but not including, the issue date of the Additional Notes. Melco Resorts Finance intends to use the net proceeds from the offering for general corporate purposes.The Additional Notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of Melco Resorts Finance’s existing and future senior indebtedness and will constitute additional notes under the indenture, dated July 21, 2020 pursuant to which Melco Resorts Finance issued US$500 million aggregate principal amount of 5.750% Senior Notes due 2028 (the “Original Notes”) on July 21, 2020. The Additional Notes will be consolidated and form a single series with the Original Notes. Melco will not be a guarantor of the Additional Notes.The Additional Notes are being offered and sold in the United States to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and outside of the United States in reliance on Regulation S under the Securities Act. The Additional Notes will not be registered under the Securities Act or under the securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state laws. Melco Resorts Finance does not intend to register any portion of the offering of the proposed Additional Notes in the United States.Nothing in this press release constitutes an offer to buy, or a solicitation of an offer to sell, securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Melco Resorts Finance’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the gaming market and visitations in Macau, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) gaming authority and other governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and Melco Resorts Finance undertakes no duty to update such information, except as required under applicable law.For investment community, please contact: Richard Huang Director, Investor Relations Tel: +852 2598 3619 Email: richardlshuang@melco-resorts.comFor media enquiries, please contact: Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: chimmyleung@melco-resorts.com

  • GlobeNewswire

    Melco Resorts Finance Announces Proposed 5.750% Senior Notes Offering

    MACAU, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of 5.750% senior notes due 2028 (the “Additional Notes”), the net proceeds from which will be used for general corporate purposes. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”). The proposed Additional Notes will be issued under the indenture, dated July 21, 2020 (the “Indenture”), pursuant to which Melco Resorts Finance issued US$500 million aggregate principal amount of 5.750% senior notes due 2028 (the “Original Notes”).  The Additional Notes will constitute additional notes under the Indenture and will be issued on the same terms and conditions (other than the issue date and issue price) and will be consolidated and form a single series with the Original Notes. Melco will not be a guarantor of the Additional Notes.The issue price of the Additional Notes will be determined at the time of pricing of the offering. Completion of the proposed offering of the Additional Notes is subject to market conditions and investor interest. As no binding agreement in relation to the proposed offering of the Additional Notes has been entered into as at the date of this press release, the proposed Additional Notes may or may not be issued.The Additional Notes are being proposed to be offered and sold in the United States to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and outside of the United States in reliance on Regulation S under the Securities Act. The proposed Additional Notes will not be registered under the Securities Act or under the securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state laws. Melco Resorts Finance does not intend to register any portion of the offering of the proposed Additional Notes in the United States.Nothing in this press release constitutes an offer to buy, or a solicitation of an offer to sell, securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.Safe Harbor StatementThis press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Melco Resorts Finance’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the gaming market and visitations in Macau, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) gaming authority and other governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and Melco Resorts Finance undertakes no duty to update such information, except as required under applicable law.For investment community, please contact:Richard Huang Director, Investor Relations Tel: +852 2598 3619 Email: richardlshuang@melco-resorts.comFor media enquiries, please contact:Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: chimmyleung@melco-resorts.com

  • GlobeNewswire

    Melco joins first group of signatories to the Global Tourism Plastics Initiative to take on problematic plastic pollution

    Joining global initiative to tackle plastic waste led by the UN Environment Programme and the World Tourism Organisation in collaboration with the Ellen MacArthur FoundationMACAU, July 22, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (“Melco”) has become a signatory to the Global Tourism Plastics Initiative led by the UN Environment Programme and the World Tourism Organisation in collaboration with the Ellen MacArthur Foundation. Melco is part of the first group of signatories to the initiative – taking a further step forward as a global leader to address the root causes of problematic plastic waste and pollution. In becoming a signatory, Melco commits to leading by example; to drive action internally, share knowledge and to catalyze collaborative action throughout the tourism and hospitality sector. Melco recognizes the need for the tourism sector to take action and to recognize its role as an agent of change. Ms. Denise Chen, Senior Vice President and Chief Sustainability Officer of Melco Resorts & Entertainment, said, “We are pleased with the leadership position we have taken to sign up to the New Plastics Economy Global Commitment and now the Global Tourism Plastics Initiative, which represents another step forward on our path towards zero waste and circular economy leadership. As a leading integrated resort operator and responsible corporate citizen, we understand it is essential to step up and take action to combat the issue of problematic plastics and the resultant pollution it causes and are committed to continue to integrate this into our core business strategy as a key focus area across our daily operations.”The Global Tourism Plastics Initiative requires tourism organizations to make a set of concrete and actionable commitments by 2025, including eliminating problematic or unnecessary plastic packaging and items by 2025; taking action to move from single-use to reuse models or reusable alternatives by 2025; engaging the value chain to move towards 100% of plastic packaging to be reusable, recyclable, or compostable; taking action to increase the amount of recycled content across all plastic packaging and items used; collaborating and investing to increase recycling and composting rates for plastics; and reporting publicly and annually on progress made towards these targets.Last month, Melco published its 2019 sustainability report Above & Beyond highlighting the positive and substantial progress made towards its 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. For further details, please visit: melco-resorts.com/sustainability/index.html.About Melco Resorts & Entertainment LimitedThe 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 hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban 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 four satellite casinos (“Cyprus Casinos”). Upon the opening of City of Dreams Mediterranean, the Company will continue to operate the four 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.About Global Tourism Plastics InitiativeThe Global Tourism Plastics Initiative unites the tourism sector behind a common vision to address the root causes of plastic pollution. It enables businesses, governments, associations and NGOs to take concerted action, leading by example in the shift towards a circularity in the use of plastics.About the UN Environment ProgrammeThe UN Environment Programme is the leading global voice on the environment. It provides leadership and encourages partnership in caring for the environment by inspiring, informing and enabling nations and peoples to improve their quality of life without compromising that of future generations.http://www.unenvironment.org   About the World Tourism OrganisationThe World Tourism Organization (UNWTO) is the United Nations agency responsible for the promotion of responsible, sustainable and universally accessible tourism. As the leading international organization in the field of tourism, UNWTO promotes tourism as a driver of economic growth, inclusive development and environmental sustainability and offers leadership and support to the sector in advancing knowledge and tourism policies worldwide.https://www.unwto.orgAbout the Ellen MacArthur FoundationThe Ellen MacArthur Foundation was launched in 2010 with the aim of accelerating the transition to the circular economy. Since its creation, the charity has emerged as a global thought leader, putting the circular economy on the agenda of decision-makers around the world. The charity’s work focuses on seven key areas: insight and analysis; business; institutions, governments, and cities; systemic initiatives; circular design; learning; and communications.https://www.ellenmacarthurfoundation.org About the New Plastics Economy Global CommitmentThe New Plastics Economy Global Commitment unites businesses, governments, and other organisations behind a common vision and targets to address plastic waste and pollution at its source. Signatories include companies representing 20% of all plastic packaging produced globally, as well as governments, NGOs, universities, industry associations, investors, and other organisations. The New Plastics Economy Global Commitment is led by the Ellen MacArthur Foundation, in collaboration with the UN Environment Programme.https://www.newplasticseconomy.org/projects/global-commitmentFor media enquiries, please contact: Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: chimmyleung@melco-resorts.com