Melco International (HK:0200) has released an update.
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Melco Resorts & Entertainment Limited reported strong financial results for the third quarter of 2024, with a 16% increase in total operating revenues to $1.18 billion, driven by improved gaming and tourism in Macau. The company’s net income turned positive at $27.3 million, compared to a loss in the previous year, while Adjusted Property EBITDA rose to $322.5 million. Melco also repurchased 20.7 million ADSs and reduced its total debt slightly, showcasing a strategic focus on improving financial health.
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