Melco Resorts and Entertainment Ltd ADR
MLCO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| j | LOCK|GR>LR | LOCK|S!q?$$ |
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.
