Melco Resorts & Entertainment (MLCO) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Melco Resorts & Entertainment reported a strong third quarter for 2024 with a 16% rise in operating revenues to $1.18 billion, driven by a recovery in Macau’s tourism and improved gaming performance. The company’s net income jumped to $27.3 million, a significant turnaround from a net loss in the same period last year. Key initiatives, including a revamped loyalty program and new gaming areas, have bolstered visitation and earnings across its properties.
For further insights into MLCO stock, check out TipRanks’ Stock Analysis page.
