Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts & Entertainment Limited announces the launch of a new $500 million share repurchase program effective immediately, allowing the company to buy back shares and/or American depositary shares over the next three years. This new program supersedes the previous one which was initiated in June 2021 and has since expired. Share purchases will be made based on market conditions and other factors, with the company reserving the right to modify, suspend, or terminate the program at any time.
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