Melco Resorts and Entertainment Ltd ADR

MLCO: XNAS (USA)
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Melco Resorts Earnings: Results Slightly Missed on Unfavorable Win Rate; Shares Remain Undervalued

Melco Resorts' gross gaming revenue, or GGR, increased by 4.2% from the previous quarter, while adjusted EBITDA fell by 8.5% sequentially to USD 295 million. This implies a largely stable GGR market share of 14.7%, unchanged from a quarter ago.

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