The latest update is out from Melco International ( (HK:0200) ).
Melco International reported a significant increase in net revenues for the year ended 31 December 2024, driven by the recovery of inbound tourism to Macau and the expansion of its operations with new developments like Studio City Phase 2 and City of Dreams Mediterranean. Despite the revenue growth, the company still recorded a loss attributable to its owners, although it was reduced compared to the previous year. The board decided not to recommend a final dividend for the year.
More about Melco International
Melco International Development Limited is a company incorporated in Hong Kong, primarily engaged in the gaming and hospitality industry. The company focuses on casino and resort operations, with significant market activities in Macau and other regions.
YTD Price Performance: -2.14%
Average Trading Volume: 4,665
Technical Sentiment Signal: Strong Buy
Current Market Cap: $797.1M
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