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Melco International ( (HK:0200) ) has provided an announcement.
Melco Resorts & Entertainment Limited reported a 15% increase in total operating revenues for the second quarter of 2025, reaching US$1.33 billion, driven by improved gaming and non-gaming operations. Despite this growth, net income attributable to Melco Resorts decreased to US$17.2 million from US$21.4 million in the previous year. The company plans to cease operations at the Grand Dragon Casino and three Mocha Clubs by the end of 2025, which led to a US$55.6 million impairment in goodwill. Melco Resorts maintains a strong financial position with US$1.24 billion in cash and bank balances and a total debt of US$7.16 billion.
The most recent analyst rating on (HK:0200) stock is a Buy with a HK$5.20 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.
More about Melco International
Melco International Development Limited, through its subsidiary Melco Resorts & Entertainment Limited, operates in the gaming and entertainment industry. The company focuses on integrated resort and casino operations, with a market presence in Macau and other regions.
Average Trading Volume: 19,151,956
Technical Sentiment Signal: Buy
Current Market Cap: HK$12.33B
See more data about 0200 stock on TipRanks’ Stock Analysis page.