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Morgan Stanley Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $9.6
Morgan Stanley analyst Praveen Choudhary maintains $Melco Resorts and Entertainment(MLCO.US)$ with a buy rating, and maintains the target price at $9.6.According to TipRanks data, the analyst has a su
"Dahang" UBS Group: Macau's June gambling revenue meets expectations, with Sands China (MLCO.US) and Galaxy Entertainment (00027.HK) as the top choices.
UBS Group pointed out that Macau's total gambling revenue in June recorded 17.7 billion Macau dollars, an increase of 16% year-on-year and a decrease of 12% month-on-month. The average daily gambling revenue decreased by 9% to 590 million yuan per month, roughly in line with expectations and about 75% of the level in 2019. The slowdown in the previous month was consistent with seasonal factors from 2015 to 2019. Based on its tracking of 33 hotels, the bank expects the average hotel room price to be 3,200 Hong Kong dollars per night in the next month, up 6% year-on-year and down 5% week-on-week. The bank expects that the increase in tourists will benefit from the addition of 8 more cities and aviation flights for mainland tourists in the summer.
Shares of Gambling Stocks Are Trading Lower After Macau Revenue Fell in June.
Shares of Gambling Stocks Are Trading Lower After Macau Revenue Fell in June.
Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Reported Earlier, Macau Gambling Revenue In Jun. Fell To Eight-Month Low
Melco Receives Most Prestigious Global Award for Training
MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry's most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development
BOA ENTERTAINMENT OF NEW YORK (MLCO.US) UNVEILS THE FIRST DOLBY CINEMA IN HONG KONG AND MACAU
Melco Resorts and Entertainment (MLCO.US) announced that its cinema chain, "The House of Dancing Water Cinema", opened yesterday (25th) featuring the first Dolby Cinema in Hong Kong and Macau. The cinema chain has nine theaters with a total of 770 seats, including five deluxe VIP theaters and a twin seat theater featuring seats that are connected together. The Dolby Cinema combines Dolby Atmos and Dolby Vision technology, while other theaters feature RealLaser 4K projection. Mr. Cyrus Irani, Executive Vice President and Chief Financial Officer