Stock of the Day

July 31, 2019

Melco Resorts & Entertainment (MLCO)

$4.32
+$0.12 (+2.9%)
Market Cap: $1.60B

About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 112 gaming tables and 56 gaming machines; 230 hotel rooms; various fine dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically-themed integrated entertainment, retail, and gaming resort that comprises 280 gaming tables and 980 gaming machines in Cotai, Macau. Further, the company owns and operates 7 Mocha Clubs with 1,034 gaming machines, as well as Taipa Square casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, a casino, hotel, retail, and entertainment integrated resort in the Entertainment City complex in Manila. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. Melco Resorts & Entertainment Limited was incorporated in 2004 and is based in Central, Hong Kong. As of February 16, 2017, Melco Resorts & Entertainment Limited operates as a subsidiary of Melco Leisure and Entertainment Group Limited.

Today's Trend

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is under pressure following its second-quarter 2026 earnings report. The company’s results were broadly mixed: adjusted earnings met expectations, but revenue fell short and declined year over year, reinforcing concerns about operating momentum.

  • Melco reported quarterly earnings of $0.06 per share, matching the consensus estimate. The company remained profitable, with a reported net margin of 4.33%. Melco Resorts Q2 Earnings Match Estimates
  • The company’s second-quarter results and management commentary were presented in an earnings call and investor presentation, giving investors additional detail on performance across Melco’s integrated resorts in Asia and Europe. Melco Q2 2026 Earnings Call Transcript
  • Revenue was $1.25 billion, below analysts’ $1.26 billion forecast, and decreased 5.7% from the year-ago period. The revenue miss is likely weighing more heavily on the stock than the in-line EPS result because it points to softer business activity and limited top-line growth. Melco Resorts Shares Fall as Q2 Earnings and Revenue Miss Forecasts
  • Although EPS met estimates, earnings were weaker than in the comparable prior-year period. Melco also reported a negative return on equity of 32.60%, underscoring ongoing balance-sheet and profitability concerns. Melco Resorts Earnings Report
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