Melco Resorts and Entertainment Ltd ADR
MLCO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &^ | LOCK|@<P$ | LOCK|Pd#GzgD |
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.
