Melco Resorts and Entertainment Ltd ADR
MLCO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| kB | LOCK|w$<P | LOCK|RL&XYLH |
Melco Resorts Earnings: Solid Macao Operations, New Project Initiatives to Enhance Competitiveness
In the second quarter, Melco Resorts' Macao operations posted a 6% quarter-on-quarter increase in gross gaming revenue, or GGR, and a 13% rise in adjusted property EBITDA, maintaining a stable GGR market share of 15.7%, despite new projects launches by competitors in Macao.
