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)

AASTOCKSJan 13 09:40

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.

AASTOCKSJan 10 09:47

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.

cls.cnJan 6 23:30

Express News | Trump: Reports regarding the imposition of general tariffs on key imported Commodities are inaccurate.

BreakingsJan 6 22:17

Macau Casino Revenue Rose 24% in 2024 Despite Soft December Tally

Seeking AlphaJan 2 02:37

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.

Securities TimesDec 31, 2024 13:25