|Bid||29.50 x 800|
|Ask||33.42 x 4000|
|Day's Range||30.51 - 31.10|
|52 Week Range||19.56 - 32.95|
|PE Ratio (TTM)||43.56|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.54 (1.68%)|
|1y Target Est||36.70|
Melco Resorts & Entertainment Limited (MLCO) (“Melco”), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, held an exclusive preview today of Morpheus, the new hotel at City of Dreams. Melco is working closely with the Macau government to obtain all licenses required for the hotel opening, targeting to open its doors to the public on June 15, 2018.
Investors always seek a winning strategy. However, finding such a strategy is easier said than done. When markets are shaken by widespread global growth concerns, it is difficult for even an insightful investor to come up with a foolproof approach.Source: Shutterstock
The unemployment rate is lower, and tax reform has increased Americans' take-home pay, which should bode well for consumer discretionary stocks, namely those of gaming and travel companies. Take Katie Shaw, portfolio manager for the Fidelity Select Consumer Discretionary Portfolio, who pointed to travel stocks as a potential way to make money. According to the portfolio manager, consumers are willing to spend money on recreation and vacations, and as a result, she is bullish on the direction of consumer discretionary trends.
A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The heavyweight meeting, which had government representatives from countries including China, the Philippines, Thailand and Cambodia, aimed to provide an information exchange platform as rapidly evolving technology makes it harder to regulate illicit money flows.
Melco Resorts (MLCO) reported adjusted earnings per share of 34 cents that surpassed the Zacks Consensus Estimate of 28 cents.
Casino operator Melco Resorts & Entertainment reported mixed first-quarter results, beating earnings views but falling short on revenue.
MACAU, May 03, 2018-- Melco Resorts & Entertainment Limited, a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today reported its unaudited financial ...
HONG KONG, May 2 (Reuters) - Macau casino SJM Holdings posted a 25.8 percent rise in its first-quarter net profit on Wednesday on strong gambling demand in the only place in China where casinos are legal. ...
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) generated a below-average return on equity of 9.45% in the past 12 months, while its industry returned 12.19%. MLCO’s results could indicate a relativelyRead More...
MACAU, April 26, 2018-- Melco Resorts & Entertainment Limited, a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today announces that it will furnish ...
MACAU, April 23, 2018-- Melco Resorts & Entertainment, has partnered with digital entertainment platform Garena to host the 2018 League of Legends Master Series Spring Final at Studio City Macau. Realizing ...
The casino operator's new security system may be just what the government is looking for to balance a lucrative economic opportunity with moral concerns over gambling.
Along a three-kilometre (2-mile) stretch of coastline in central Vietnam, construction cranes are digging up mounds of sand and rubble where the country's biggest casino is set to open next year. Driving the project is Suncity Group Holdings Ltd, which has made billions luring high-rollers – mainly from China - to the baccarat tables in the Chinese territory of Macau. Vietnam is betting big on developing a gambling industry, targeting the Chinese tourists who have been flocking to the country in recent years.
NEW YORK, NY / ACCESSWIRE / April 13, 2018 / U.S. markets jumped Thursday as investor's attention shifted from current geopolitical tensions to the upcoming earnings season. Bank stocks were the top gainers ...
NEW YORK, April 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
When James Packer first quit the board of Australia's Crown Resorts Ltd (CWN.AX) in 2015, the world No. 7 casino company he built from his late father's media empire, he did it three days after revealing he had considered taking the company private. For one, sources said Packer, 50, was reluctant to borrow to buy the 54 percent of Crown he does not already own. "It would be another A$5 billion (£2.7 billion) or A$6 billion and that's a hell of a lot of money," said a fund manager who sold Crown shares just before Packer stepped aside on March 21.
HONG KONG, April 1 (Reuters) - Gambling revenue in the Chinese territory of Macau posted a 22 percent gain for the month of March, due to sustained demand for gambling in the country's only legal casino ...
MACAU, March 27, 2018 /PRNewswire/ -- City of Dreams' renowned Cantonese culinary masterpiece Jade Dragon has reaffirmed its status as one of the world's finest dining destinations, being named among Asia's 50 Best Restaurants 2018 at the awards ceremony held on March 27. This is the second consecutive year that Jade Dragon has been honored at the prestigious awards, and this year sees it gain the additional distinction of being the only Macau restaurant to be featured. Famed for serving up exquisitely presented Cantonese specialties crafted from the best organic and farm-fresh ingredients by a talented culinary team headed by veteran chef Tam Kwok Fung, Jade Dragon has also been widely lauded for its stunning decor and superlative service.
SYDNEY/HONG KONG (Reuters) - Australian billionaire James Packer has quit the board of casino operator Crown Resorts Ltd (CWN.AX) due to mental illness, following a tumultuous period including a break-up with singer Mariah Carey and the failure of Crown's expansion strategy. The unexpected departure by the 47-percent owner of Crown comes as the world's seventh-largest listed casino company tries to rebuild after the arrest of 18 staff in China in 2016 triggered a global pull-back. "Mr Packer is suffering from mental health issues.
NEW YORK, March 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
HONG KONG, March 1 (REUTERS) - - Gambling revenue in the Chinese territory of Macau rose 5.7 percent in February, less than analysts had expected for the big-spending holiday period but still the 19th ...
May.01 -- Melco Resorts & Entertainment Chairman and CEO Lawrence Ho discusses the gambling industry in the Asia-Pacific region. He speaks on "Bloomberg Daybreak: Australia."