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An announcement from Melco International ( (HK:0200) ) is now available.
Melco Resorts & Entertainment Limited, a subsidiary of Melco International, reported an 11% increase in total operating revenues for the first quarter of 2025, reaching US$1.23 billion. This growth was driven by improved performance in both gaming and non-gaming operations. The company’s net income also rose to US$32.5 million, up from US$15.2 million in the same period last year. Additionally, Melco Resorts repurchased approximately 32.3 million ADSs as part of its ongoing share repurchase program. The financial results indicate a strong operational performance and strategic financial management, enhancing Melco’s positioning in the competitive gaming industry.
More about Melco International
Melco International is a company involved in the gaming and entertainment industry, primarily focusing on integrated resorts and casinos. Its subsidiary, Melco Resorts & Entertainment Limited, operates in the gaming sector with a market presence in various regions, including Macau and the United States.
Average Trading Volume: 4,553,969
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.12B
For a thorough assessment of 0200 stock, go to TipRanks’ Stock Analysis page.
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