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Melco Resorts & Entertainment Limited (MLCO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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19.62-0.33 (-1.65%)
At close: 4:00PM EDT

19.74 +0.12 (0.61%)
After hours: 7:26PM EDT

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Previous Close19.95
Open19.78
Bid19.57 x 3100
Ask19.75 x 4000
Day's Range19.53 - 19.89
52 Week Range12.83 - 23.65
Volume1,255,179
Avg. Volume2,542,188
Market Cap9.359B
Beta (5Y Monthly)1.83
PE Ratio (TTM)N/A
EPS (TTM)-2.65
Earnings DateMay 12, 2021 - May 17, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 28, 2020
1y Target Est22.58
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.
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  • Studio City Phase 2 wins BREEAM Awards 2021 regional accolade
    GlobeNewswire

    Studio City Phase 2 wins BREEAM Awards 2021 regional accolade

    Melco’s sustainability strategy and contribution towards Company’s carbon neutral and zero waste goals are recognized by trusted mark of sustainabilityMACAU, April 09, 2021 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment announces Studio City Phase 2 has been named winner of the ‘Regional Award, Asia’ at BREEAM Awards 2021. The international BREEAM Awards is an annual celebration recognizing the people, projects and organizations who are leading the way with significant achievements in sustainable building design, development and management. Ms. Denise Chen, Senior Vice President and Chief Sustainability Officer of Melco Resorts & Entertainment, said, “It is an honor to receive the Asia regional award from BREEAM recognizing the Studio City Phase 2 extension project’s environmental sustainability efforts. As part of Melco’s sustainability strategy to go ‘Above & Beyond’, tremendous efforts have been made by the team to ensure the project meets a high level of environmental performance. We are also pleased to have XCO2 as BREEAM assessors and Accredited Professionals to guide us through the extensive framework. We are confident that the project is well on track to becoming an exemplar scheme that demonstrates leadership well beyond the requirements of local and national standards, which will positively impact both the local community and our guests.” Set to offer approximately 900 rooms and suites as well as world-class non-gaming attractions such as one of the world’s largest indoor/outdoor water parks, a Cineplex, fine-dining restaurants and state-of-the-art MICE space, Studio City Phase 2 development’s sustainable features include: Improving thermal properties of the curtain walling system to reduce thermal breaks across its façade system which is an uncommon practice for buildings in the region.Being designed to achieve low energy demand via the specifications of high performance building fabric and highly efficient services and systems, including a heat recovery system that captures heat from the cooling tower condensers for reuse within the hot water system.Resilience and adaptability of the design to mitigate the risk of natural hazards and to climate changeThe implementation of circular economy principles as an integral part of the design process. Melco currently holds BREEAM “Excellent” Ratings for the Design stage for both Studio City Phase 2 and City of Dreams Mediterranean in Cyprus, where Melco is developing Europe’s largest integrated resort by incorporating the very highest sustainability standards into its design. Further sustainability strategies of Studio City Phase 2 are listed on our earlier press release and available here. 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 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 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

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  • Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2020
    GlobeNewswire

    Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2020

    MACAU, March 31, 2021 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020. The annual report can be accessed under the Annual Reports section on the Company’s investor relations website at https://ir.studiocity-macau.com/annual-reports. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests can be made through the Information Request section on the Company’s investor relations website at https://ir.studiocity-macau.com/document-request. 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. Studio City International Holdings Limited (the “Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’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) the global pandemic of COVID-19, caused by a novel strain of the coronavirus, and the continued impact of its consequences on our business, our industry and the global economy, (ii) growth of the gaming market and visitations in Macau, (iii) capital and credit market volatility, (iv) local and global economic conditions, (v) our anticipated growth strategies, (vi) gaming authority and other governmental approvals and regulations, and (vii) 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. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law. About Studio City International Holdings Limited The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com. The Company is strongly supported by its single largest shareholder, Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO). For investment community, please contact:Timothy MazikTel: +852 2598 3516Email: timothymazik@melco-resorts.com For media enquiries, please contact:Chimmy LeungExecutive Director, Corporate CommunicationsTel: +852 3151 3765Email: chimmyleung@melco-resorts.com