Melco Reports Soaring Q2 2024 Profits

Melco International (HK:0200) has released an update.

Melco Resorts & Entertainment Limited reported a strong second quarter for 2024 with total operating revenues increasing by approximately 22% year-over-year to US$1.16 billion, primarily due to a surge in mass market segment and non-gaming operations. The company also saw its operating income more than double to US$123.7 million compared to the same period last year, and turned a net loss into a net income of US$21.4 million, indicating a robust post-pandemic recovery influenced by rising tourism in Macau.

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