Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts & Entertainment reported a robust first quarter in 2024 with total operating revenues surging to $1.11 billion, a 55% increase from the previous year, driven by a rebound in tourism and improved gaming and non-gaming performance. The company’s net income reached $15.2 million, a significant turnaround from a net loss of $81.3 million in Q1 2023. These positive results reflect strategic management changes, debt repayment, and an optimistic outlook for continued growth in Macau and other regions.
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