MLCO - Melco Resorts & Entertainment Limited

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
24.46
+0.71 (+2.99%)
At close: 4:00PM EDT

24.94 +0.48 (1.96%)
After hours: 4:17PM EDT

Stock chart is not supported by your current browser
Previous Close23.75
Open23.88
Bid24.24 x 4000
Ask24.88 x 1100
Day's Range23.82 - 24.48
52 Week Range15.33 - 26.97
Volume1,582,768
Avg. Volume2,307,961
Market Cap1.438B
Beta (3Y Monthly)1.56
PE Ratio (TTM)37.63
EPS (TTM)0.65
Earnings DateJul 22, 2019 - Jul 26, 2019
Forward Dividend & Yield0.62 (2.61%)
Ex-Dividend Date2019-05-17
1y Target Est27.99
Trade prices are not sourced from all markets
  • GlobeNewswire13 hours ago

    Altira Macau awarded the Green Key Standard of Excellence

    Full portfolio of Melco Resorts & Entertainment hotels in Macau is recognized for excellence in environmental responsibility and sustainable operations. MACAU, July 15, 2019 (GLOBE NEWSWIRE) -- Altira Macau, the first hotel property of Melco Resorts & Entertainment Limited and one of only five hotels in Asia to achieve 10 consecutive years of Forbes Travel Guide 5-star recognition for hotel and spa, has been honored with the Green Key standard of excellence in environmental responsibility and sustainable operations.

  • There's Reason to be Skeptical of Macao's Gambling Market
    Motley Fool4 days ago

    There's Reason to be Skeptical of Macao's Gambling Market

    The growth narrative in the global market may not be reality in the top Asian casino mecca.

  • GlobeNewswire4 days ago

    Melco awarded at the 8th Invest Cyprus International Investment Awards in recognition of its commitment to Cyprus

    The 8th Invest Cyprus International Investment Awards (ICIIA) organized by Invest Cyprus presented an award to Melco in recognition of its significant investment in Cyprus. Melco is developing Cyprus’ first licensed Integrated Casino Resort (ICR), City of Dreams Mediterranean, due to open its doors to international and local guests in late 2021. The ICIIA award was accepted by Melco Group Chairman and CEO, Mr Lawrence Ho, who thanked the Government of Cyprus for trusting his organisation with the creation and operation of what will be Europe’s largest ICR.

  • GlobeNewswire6 days ago

    Melco Resorts Finance Announces Pricing of Senior Notes Offering

    Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it has priced its international offering of senior notes (the “New Notes”). Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”). The offering consists of US$600 million aggregate principal amount of 5.625% senior notes due 2027.

  • Moody's6 days ago

    Melco Resorts Finance Limited -- Moody's assigns Ba2 rating to Melco Resorts Finance's proposed notes

    Moody's Investors Service has assigned a Ba2 rating to the proposed senior unsecured US dollar notes to be issued by Melco Resorts Finance Limited (MRF, Ba2 stable). MRF plans to use the note proceeds to partially repay the principal amount outstanding under the 2015 Revolving Credit Facility at its subsidiary Melco Resorts (Macau) Limited. "The Ba2 rating reflects the established operations and high-quality assets of the group under the parent Melco Resorts & Entertainment Limited (MRE), which support its robust cash flow generation and good liquidity," says Sean Hwang, a Moody's Analyst.

  • GlobeNewswire7 days ago

    Melco Resorts Finance Announces Proposed Senior Notes Offering

    Melco Resorts Finance Limited (“Melco Resorts Finance”) announces that it proposes to conduct an international offering of senior notes (the “New Notes”), the net proceeds from which will be used to make a partial repayment of the principal amount outstanding under the revolving credit facility under the amended and restated credit facilities entered into by Melco Resorts (Macau) Limited, a subsidiary of Melco Resorts Finance, in 2015. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”). The New 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.

  • 3 International Companies Whose Products You May Use Soon
    Motley Fool13 days ago

    3 International Companies Whose Products You May Use Soon

    These foreign stocks could be great additions to portfolios.

  • Macau Gambling Revenues Rise in June: WYNN, LVS, MLCO Gain
    Zacks14 days ago

    Macau Gambling Revenues Rise in June: WYNN, LVS, MLCO Gain

    Macau, the world's largest gambling hub, witnesses an increase in Gross Gaming Revenue in June.

  • Top Consumer Cyclical Stocks for February 2019
    Investopedia15 days ago

    Top Consumer Cyclical Stocks for February 2019

    Consumer cyclicals stocks are heavily dependent upon the strength of the economy and broader business cycles. Check out which cyclical stocks came out on top for February 2019.

  • Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) A Good Dividend Stock?
    Simply Wall St.15 days ago

    Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) A Good Dividend Stock?

    Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) a good dividend stock? How can we tell? Dividend paying...

  • Investors In Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Should Consider This, First
    Simply Wall St.15 days ago

    Investors In Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Should Consider This, First

    Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) a good dividend stock? How can we tell? Dividend paying...

  • Wynn Stock Breaks Out as Macau Gaming Revenue Soars
    Investopedia15 days ago

    Wynn Stock Breaks Out as Macau Gaming Revenue Soars

    Wynn shares broke out from key resistance amid an ongoing turnaround in Macau gaming revenue despite trade war concerns.

  • Moody's19 days ago

    Melco Resorts Finance Limited -- Moody's affirms Melco Resorts Finance's ratings following acquisition of Cyprus project; outlook stable

    Moody's Investors Service has affirmed Melco Resorts Finance Limited's (MRF) Ba2 corporate family rating as well as the Ba2 senior unsecured ratings on the company's $1 billion senior unsecured notes due 2025 and $500 million senior unsecured notes due 2026. "The rating affirmation mainly reflects the financial flexibility that the Melco group has to absorb future capital spending for the development of the Cyprus project," says Sean Hwang, a Moody's Analyst. "However, this development, together with the announced acquisition of a 19.99% stake in Crown Resorts, will materially reduce the group's financial headroom and is indicative of an increasing appetite for inorganic and organic growth," adds Hwang.

  • GlobeNewswire22 days ago

    Melco Announces Entry into Definitive Agreement to Acquire a 75% Equity Interest in the City of Dreams Mediterranean Project

    MACAU, June 24, 2019 -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner and operator of casino gaming and entertainment.

  • GlobeNewswire25 days ago

    Morpheus becomes first in Macau to win Prix Versailles award

    Morpheus by Melco Resorts & Entertainment Limited has become the first in Macau to win a Prix Versailles regional award. Honored with the prestigious architecture and design accolade at Prix Versailles 2019 for Central and Northeast Asia in the Hotels category, Morpheus is the world’s first free-form exoskeleton high-rise designed by the late Dame Zaha Hadid.

  • GlobeNewswirelast month

    Melco Announces the Continuation of the Award-Winning “The House of Dancing Water” Show

    Melco Resorts & Entertainment Limited (“Melco”) announces the continuation of “The House of Dancing Water” show, an award-winning spectacle at City of Dreams Macau following its nine years of success. Melco’s successful relation with Dragone started with the premiere of “The House of Dancing Water” in 2010. With the initial 10-year contract up for renewal, Melco and Dragone have mutually decided to continue the show under a new operational structure launched under the new agreement.

  • Moody'slast month

    Melco Resorts Finance Limited -- Moody's: Melco Resorts Finance's ratings unaffected by acquisition of Crown stake

    Moody's Investors Service says that Melco Resorts Finance Limited's (MRF) Ba2 corporate family and senior unsecured ratings are not immediately affected by the announcement on 30 May that its parent, Melco Resorts & Entertainment Limited (MRE), will acquire a 19.99% stake in Crown Resorts Limited (Baa2 stable) for AUD1.8 billion ($1.2 billion). "The acquisition of a 19.99% stake in Crown will significantly increase the Melco group's debt leverage, but the group's adequate financial flexibility and Crown's good credit quality mitigate this risk," says Sean Hwang, a Moody's Analyst. Moody's expects MRE will fund the majority of the stake purchase with additional debt, while also utilizing part of its internally generated cash and cash on hand, which amounted to $1.5 billion on a consolidated basis as of 31 March 2019.

  • Some Melco Resorts & Entertainment (NASDAQ:MLCO) Shareholders Are Down 41%
    Simply Wall St.last month

    Some Melco Resorts & Entertainment (NASDAQ:MLCO) Shareholders Are Down 41%

    For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio...

  • Reuterslast month

    Macau casino revenue hits 5-month high in May

    Gambling revenue in the Chinese territory of Macau hit a five-month high in May, although softer demand from high rollers amid a slowdown in the world's No.2 economy and a Sino-U.S. trade war continued to keep a lid on gains. Revenue was 25.95 billion patacas ($3.21 billion), the highest this year, Macau's Gaming Inspection and Coordination said on Saturday, versus 25.5 billion patacas a year ago and also up from April's monthly haul of 23.6 billion patacas. As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.

  • Reuters2 months ago

    Melco buy-in triggers regulatory review of Crown's $1.5 bln Sydney casino

    An Australian regulator said it will review its approval for Crown Resorts' $1.5 billion casino being built in Sydney, after the gambling giant's founder James Packer sold nearly half his stake in the company to Hong Kong's Melco Resorts. The New South Wales gambling regulator had given its nod in 2014 to Crown's prized growth prospect on condition Crown would not do business with the father of Melco CEO Lawrence Ho, Stanley Ho, who at the time under investigation in Australia and the United States for possible ties to organised crime.

  • Reuters2 months ago

    Casino operator Melco to buy 20% of Crown Resorts from billionaire Packer

    HONG KONG/BENGALURU (Reuters) - Melco Resorts & Entertainment will buy a 20% stake in Australia's Crown Resorts from casino mogul James Packer for A$1.76 billion ($1.22 billion), the U.S. company said, months after Wynn Resorts withdrew an offer to buy Crown. The deal presents a great opportunity for Melco, Chief Executive Lawrence Ho told Reuters, as the operator of casinos across Asia, including in Macau and the Philippines, eyes further expansion. Crown's proposed deal with Wynn, the world's No. 2 casino operator, fell through in early April after details were leaked to the media, denying Packer a huge payout as he continues his withdrawal from business life because of mental health issues.

  • GlobeNewswire2 months ago

    Melco Resorts & Entertainment Limited Purchases 19.99% Stake in Crown Resorts Limited from CPH Crown Holdings Pty Limited

    While the announced transaction does not require regulatory approval to be consummated, Melco, its Chairman and Chief Executive Officer, Lawrence Ho, and select Melco executives will promptly submit applications to the gaming regulatory authorities in each of Victoria, Western Australia, New South Wales and any other relevant jurisdictions.  Following approval from these authorities, Melco intends to pursue board representation on Crown’s board of directors commensurate with its ownership position.  Additionally, subject to obtaining requisite regulatory approvals, Melco welcomes the opportunity to increase its ownership in Crown.