Melco Resorts & Entertainment (MLCO) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Melco Resorts & Entertainment Limited reported a robust financial performance for the second quarter of 2024, with total operating revenues increasing by 22% to US$1.16 billion, driven by a recovery in tourism and strong mass market and non-gaming segments. Operating income more than doubled to US$123.7 million, and the company turned a net profit of US$21.4 million, reversing the previous year’s loss. Notable growth was seen in City of Dreams Mediterranean and satellite casinos in Cyprus, alongside solid results from other properties.
For further insights into MLCO stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- Intel Stock (NASDAQ:INTC) Slips Despite Growing Interest in AI
- “…Tied to the Effort From the Administration” Boeing Stock (NYSE:BA) Blasts Up as Boeing Counts on New Top Sales Rep in China: President Trump
- “We Do Not Have Conflicting Interests….” Microsoft Stock (NASDAQ:MSFT) Gains on New Plan to be the Agentic AI Internet’s Backbone