Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts & Entertainment Limited reported a robust financial performance for the second quarter of 2024, with total operating revenues increasing by 22% to US$1.16 billion, driven by a recovery in tourism and strong mass market and non-gaming segments. Operating income more than doubled to US$123.7 million, and the company turned a net profit of US$21.4 million, reversing the previous year’s loss. Notable growth was seen in City of Dreams Mediterranean and satellite casinos in Cyprus, alongside solid results from other properties.
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