Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts & Entertainment reported a strong third quarter for 2024 with a 16% rise in operating revenues to $1.18 billion, driven by a recovery in Macau’s tourism and improved gaming performance. The company’s net income jumped to $27.3 million, a significant turnaround from a net loss in the same period last year. Key initiatives, including a revamped loyalty program and new gaming areas, have bolstered visitation and earnings across its properties.
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