Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts & Entertainment Limited, a subsidiary of Melco International Development Limited, has repurchased approximately $44.5 million worth of its shares under its Share Repurchase Program. The repurchased shares are currently held by a nominee of Deutsche Bank Trust Company Americas and may be cancelled or held for future re-issuance. This strategic move demonstrates the company’s confidence in its long-term growth prospects.
For further insights into MLCO stock, check out TipRanks’ Stock Analysis page.
