Melco International (HK:0200) has released an update.
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Melco Resorts & Entertainment Limited reported a robust growth in its third-quarter 2024 financial results, with total operating revenues rising to $1.18 billion, a 16% increase from the previous year, driven by a recovery in Macau’s tourism sector. The company’s operating income improved to $138.6 million, and net income reached $27.3 million, marking a significant turnaround from a loss in the prior year. This growth is attributed to strategic initiatives like new loyalty programs and enhanced gaming experiences.
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