Melco Resorts and Entertainment Ltd ADR

MLCO: XNAS (USA)
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Melco Resorts Earnings: Results Slightly Below Expectations; Cutting Fair Value Estimate by 11%

Melco Resorts' second-quarter gross gaming revenue, or GGR, and adjusted property EBITDA in Macao fell 10% and 25% quarter on quarter, respectively. The company now expects to only resume its dividend program in 2027, a one-year delay from prior guidance.

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