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.
The Macao gaming sector is well positioned to benefit from gaming demand recovery in Macao, which will allow the sector to restore its profitability meaningfully.
Macao casinos face harsher license-renewal terms such as shorter license duration, a requirement of nongaming investment, and a 1% increase in gaming taxes.
|
Metric
|
MLCO
|
WYNN
|
00027
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.69 | 20.25 | 13.68 |
Price/Book Value | 225.79 | — | 1.75 |
Price/Sales | 0.42 | 1.28 | 2.96 |
Price/Cash Flow | 2.60 | 6.41 | 11.00 |
|
Metric
|
MLCO
|
WYNN
|
00027
|
|---|---|---|---|
Quick Ratio | 0.97 | 0.84 | 1.53 |
Current Ratio | 1.03 | 0.91 | 1.56 |
Interest Coverage | 1.38 | 2.03 | 61.96 |
|
Metric
|
MLCO
|
WYNN
|
00027
|
|---|---|---|---|
Return on Assets (Normalized) | 3.26% | 3.62% | 11.36% |
Return on Equity (Normalized) | — | — | 13.77% |
Return on Invested Capital (Normalized) | 9.33% | 8.42% | 11.93% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Las Vegas Sands Corp
LVS
| LOCK|<?$SFsM | LOCK|x?Y> | $29B | |||
| Galaxy Entertainment Group Ltd ADR
GXYYY
| — | LOCK|#M#! | $19B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|Bp>H | $19B | |||
| Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
| — | LOCK|^Hm$? | $15B | |||
| Sands China Ltd ADR
SCHYY
| — | LOCK|>cZSN | $15B | |||
| MGM Resorts International
MGM
| LOCK|?p!wBb | LOCK|&# | $10B | |||
| Wynn Resorts Ltd
WYNN
| LOCK|k<wK><s | LOCK|?Prq | $9B | |||
| Caesars Entertainment Inc
CZR
| LOCK|q?dM!s< | LOCK|k>f | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|%#!<xFN | LOCK|wS | $2B |
United States