MELCO RESORTS & ENTERTAINMENT Stock Rises After Impressive December Revenue Report

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MELCO RESORTS & ENTERTAINMENT ($NASDAQ:MLCO) is one of the world’s leading casino and hospitality companies, with operations across the globe. The company operates several integrated resorts and casinos in Macau, the Philippines, Japan, and Cyprus, offering guests an unparalleled experience of luxury and entertainment. Recently, the stock of MELCO RESORTS & ENTERTAINMENT rose significantly after the December revenue report was released. The report revealed that for the month of December, Macau casino stocks experienced a surge in value due to strong gaming revenues. The positive news was met with great approval by investors, driving up the stock prices of MELCO RESORTS & ENTERTAINMENT.

This marked the first time in a while that Macau casinos saw an increase in their stock prices; coming off of a period of declining revenue in November. MELCO RESORTS & ENTERTAINMENT has been one of the top performers among the casino stocks in Macau and is expected to continue to bring in strong returns for investors. With its impressive portfolio of integrated resorts and state-of-the-art casinos, the company is well positioned to capitalize on the growth of the Macau tourism industry and to benefit from its continued success.

Earnings

The company stock of MELCO RESORTS & ENTERTAINMENT has been rising since the release of their earning report for FY2023 Q3, as of September 30 2021. According to the report, the total revenue earned was 446.39M USD, while they suffered a net income loss of 233.22M USD. This is in stark contrast to the same period of the previous year; the total revenue saw a staggering 84.6% increase.

Additionally, over the last 3 years, MELCO RESORTS & ENTERTAINMENT’s total revenue has increased from 446.39M USD to 1017.22M USD. The impressive numbers have been driving investors’ confidence in the company and are reflected in their stock prices.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MLCO. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MLCO. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MLCO. More…

Key Ratios Snapshot

Some of the financial key ratios for MLCO are shown below. More…

Share Price

On Tuesday, MELCO RESORTS & ENTERTAINMENT (MLCO) opened at $8.8 and closed at $9.2, up by 4.1% from its last closing price of 8.9. In addition, MLCO saw a 4% increase in total non-gaming revenues in December. These impressive revenue figures demonstrate the continuing success of MELCO RESORTS & ENTERTAINMENT, and have resulted in a positive spike in the company’s stock prices. Investors have responded enthusiastically to the latest news, with MLCO’s stock gaining significantly. Live Quote…

Analysis

At GoodWhale, our analysis of MELCO RESORTS & ENTERTAINMENT’s fundamentals has led us to some interesting conclusions. Our Star Chart shows that the company is strong in liquidity, medium in profitability, and weak in asset quality, dividend yield, and growth. We have classified MELCO RESORTS & ENTERTAINMENT as a ‘Cheetah’ – a type of company which has high revenue or earnings growth but is considered less stable due to lower profitability. Given this classification, it is likely that investors looking for higher returns would be interested in this company. Additionally, MELCO RESORTS & ENTERTAINMENT has an intermediate health score of 4/10 considering its cashflows and debt, so the company is likely to sustain future operations in times of crisis. More…

Peers

Each of these companies has its own unique strengths and strategies to stay ahead of the game, creating a dynamic and intense competition between them.

– Las Vegas Sands Corp ($NYSE:LVS)

Las Vegas Sands Corp is an American casino and resort company based in the US state of Nevada. It is the parent company of the Venetian Casino Resort and the Sands Expo and Convention Center, among other properties. The company has a market cap of 36.73B as of 2022, which is a reflection of its market presence and business performance. Additionally, its Return on Equity (ROE) stands at -11.56%, indicating that it is not performing well in terms of generating shareholder value. Las Vegas Sands Corp is a leader in the gaming and hospitality industry, and it continues to be a major player in Las Vegas, Macau, and other international markets.

– Wynn Resorts Ltd ($NASDAQ:WYNN)

Wynn Resorts Ltd is a global hospitality and entertainment company, operating integrated resorts in Las Vegas, Macau, and other parts of the world. As of 2022, the company has a market capitalization of 9.34 billion dollars and a return on equity of 27.93%. This suggests that the company is performing relatively well and is able to generate a healthy return on the capital it has invested. The company has positioned itself as an international leader in the hospitality and entertainment industry, with a focus on providing high-quality experiences for its guests. The strong financial performance of the company indicates that its strategies are working and that it is well-positioned for future growth.

– MGM Resorts International ($NYSE:MGM)

MGM Resorts International is a leading global hospitality and entertainment company, based in Las Vegas, Nevada. The company operates a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, Park MGM, and New York-New York. With a market cap of 12.88 billion USD as of 2022, the company’s stock has been performing well in the market with a Return on Equity (ROE) of 20.62%. This indicates a strong financial performance and suggests that the company is utilizing its equity to generate profits and add value to its shareholders.

Summary

Investors remain optimistic about the future prospects of MELCO, as the company has made significant investments in expanding their operations in Macau and other markets. With a strong balance sheet, experienced management team, and a commitment to growing its presence around the world, MELCO Resorts & Entertainment is well positioned for future success.