Melco Resorts and Entertainment Ltd ADR
MLCO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $ | LOCK|g!gsS | LOCK|xcwTV& |
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.
