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Melco Resorts and Entertainment Newsroom
Macau Casinos Prep for Strong Chinese New Year Traffic
Shares of Sports Betting and Gambling Stocks Are Trading Higher Following Trump's Inauguration as Investors Weigh the New Administration's Economic Policies.
BofA Securities Maintains Melco Resorts and Entertainment(MLCO.US) With Hold Rating, Cuts Target Price to $6.2
From April, non-management employees of Melco Resorts & Entertainment (MLCO.US) in Hong Kong and Macau will receive a minimum salary increase of 2.5%.
Melco Resorts and Entertainment (MLCO.US) announced that all eligible non-management employees in Hong Kong and Macau will receive a salary increase ranging from 2.5% to 6.5% starting April 1 this year. Among them, eligible full-time non-management employees with a monthly salary including tips at or below 0.016 million Macanese Patacas will receive a raise of 600 Patacas, which equals a 3.8% to 6.5% increase; eligible full-time non-management employees with a monthly salary including tips exceeding 0.016 million Patacas will receive a 2.5% raise. Melco's Chairman and CEO, Ho Yau Lung, expressed heartfelt gratitude for the contributions and efforts of the colleagues and looks forward to continuing to achieve great results together with them in the future.
Express News | Han Zheng met with elected Vice President Vance of the USA.
Foreign capital is accelerating its shift to betting on China Assets! Call options on Chinese Stocks ETFs are being snatched up again.
Chris Murphy, Co-Head of Derivative Strategy at Horizon International Group, stated that last Friday investors bought a large number of Call Options for the iShares Core MSCI China Index ETF (FXI). Other Call Options related to Chinese Assets also rose significantly, including the China Overseas Internet Plus-Related ETF (KWEB). ETFs related to Chinese Assets also strengthened.
On Friday, another wave of funds is betting on Call Options for China's Stocks ETF.
Industry insiders noted that investors are significantly buying Call Options for the iShares China Large Cap ETF (FXI) that expires next weekend, corresponding to the purchase of 4 million shares under the options contracts. The related ETF saw a substantial rise on Friday, achieving the largest single-day increase in over a month.
People's Daily: Promote greater progress in China-U.S. relations from a new starting point.
The river of history flows incessantly, and often only a few steps are crucial. Grasping and handling the bilateral relationship from a Global Strategy perspective and long-term view will bring more certainty to a turbulent world.
Melco Resorts & Entertainment Limited (MLCO): A Top Long-Term Stock According to Billionaire Mason Hawkins
**** had a phone call with the elected president of the USA, Trump.
**** congratulated Trump on being re-elected as President of the USA, pointing out that both sides highly value each other's interactions and hope that the China-US relationship has a good start in the new term of the USA President, wishing to promote greater progress in the China-US relationship from this new starting point.
Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) Largest Shareholders Are Retail Investors With 54% Ownership, Institutions Own 39%
The National Bureau of Statistics: In 2024, the total domestic product will be 134,908.4 billion yuan, with a growth of 5.0% compared to the previous year.
Looking at it by quarters, the gross domestic product grew by 5.3% year-on-year in the first quarter, 4.7% in the second quarter, 4.6% in the third quarter, and 5.4% in the fourth quarter. In terms of quarter-on-quarter, the gross domestic product grew by 1.6% in the fourth quarter.
Melco Resorts & Entertainment Takes Initial Steps to Expand Into Thailand
Melco Entertainment (MLCO.US) plans to invest in a comprehensive resort in Thailand and has established an office in Bangkok.
According to "Macau Daily News," Lawrence Ho, the chairman and CEO of Melco Entertainment (MLCO.US), revealed at an event in Thailand that the company plans to invest in integrated resorts and hotels in Thailand, and has already established a new office in Bangkok. Additionally, Melco is collaborating with the local cultural and creative sector to enhance Thailand's future Global soft power and support the development of the local creative industry. Ho also indicated that major cities like Bangkok and Phuket provide significant potential for casino integrated projects, and Melco is waiting for the Thai government to clarify investment regulations for casino integrated entertainment facilities to better formulate project scale and budget. (js/w)
In the report "The Big Game", Lyon expects that Macau's gaming revenue will grow moderately by 4% year-on-year this year, and has lowered the Target Price for Silver Entertainment (00027.HK) and Melco Resorts & Entertainment (MLCO.US).
Lyon published a report predicting that Macau's gaming revenue will grow moderately by 4% year-on-year to 29.3 billion USD this year, which is 2% lower than market expectations. The bank believes that aside from the changes in the gaming market share, whether the gaming stocks in Macau will return more cash to Shareholders during this moderate growth will be the focus of attention. The bank expects that the EBITDA of Macau's gaming stocks will record a quarterly growth of 5% to 2.017 billion USD in the last quarter of last year, with an expected EBITDA profit margin flat compared to the previous quarter. Lyon pointed out that the Gambling Industry's EV/EBITDA is 9.3 times this year. Sands China (01928.HK) and GALAXY ENT (00027.
After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."
Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.
Express News | Trump: Reports regarding the imposition of general tariffs on key imported Commodities are inaccurate.
Macau Casino Revenue Rose 24% in 2024 Despite Soft December Tally
Bullish news is here! The central bank and the securities regulatory commission jointly announced that the second swap convenience will be operated starting today, with an expected operation amount of no less than 50 billion yuan.
It is understood that 20 securities and Fund companies participated in the first operation, and the second operation will add more securities and Fund companies as well as five leading Insurance Institutions, with an expected second operation volume of no less than 50 billion yuan.
Melco Resorts & Entertainment's (NASDAQ:MLCO) Returns On Capital Tell Us There Is Reason To Feel Uneasy