Latest news with #Melco
Yahoo
09-05-2025
- Business
- Yahoo
Melco Resorts (MLCO) Q1 Earnings and Revenues Surpass Estimates
Melco Resorts (MLCO) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1,300%. A quarter ago, it was expected that this casino company would post earnings of $0.08 per share when it actually produced a loss of $0.01, delivering a surprise of -112.50%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Melco , which belongs to the Zacks Gaming industry, posted revenues of $1.23 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.76%. This compares to year-ago revenues of $1.11 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Melco shares have lost about 2.6% since the beginning of the year versus the S&P 500's decline of -4.3%. While Melco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Melco: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.01 on $1.18 billion in revenues for the coming quarter and $0.11 on $4.85 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Super League Enterprise (SLE), has yet to report results for the quarter ended March 2025. This company is expected to post quarterly loss of $0.30 per share in its upcoming report, which represents a year-over-year change of +70%. The consensus EPS estimate for the quarter has been revised 22.2% higher over the last 30 days to the current level. Super League Enterprise's revenues are expected to be $2.23 million, down 47% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Melco Resorts & Entertainment Limited (MLCO) : Free Stock Analysis Report Super League Enterprise, Inc. (SLE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
The Verge
05-05-2025
- Entertainment
- The Verge
Buffalo put a window on its new hard drive so you can see it at work
To help celebrate the 50 years its parent company has been in business, Japan's Buffalo has announced a limited edition external hard drive with a window that lets you see its inner workings. Don't whip out your credit card just yet, though; the Buffalo Skeleton Hard Disk is limited to just 50 units priced at 100,000 yen each (around $695) and is only available for purchase starting in June via a lottery. The Skeleton Hard Disk mounts a 4TB drive inside a machined aluminum housing with a small window attached to a display base weighing about 3.3 pounds. Its gold and anodized black finish is an homage to a retro Melco (Buffalo's parent company) record player, which was first released in 1978. Try as you might, you're probably not going to be able to squeeze the HD-SKL into a gaming PC without reaching for an angle grinder. It's designed to be a display piece, and features a power connector on the back as well as one of those USB 3.2 Micro-B ports that's wider and flatter than a standard USB-A port. If you'd rather not wait for the drive to come to life while moving data to or from it, Buffalo has an accompanying piece of software called SeekWizard (for Windows users only, although the HD-SKL works with both PCs and Macs) that will make its read arm move in various patterns. These include modes simulating regular movements while the drive is accessing data, or making it function like a ticking metronome or a timer. It's fun, but making the drive perform for you at will may be one of the reasons Buffalo only lists a one-month warranty. The Buffalo HD-SKL isn't the first hard drive to reveal what's going on inside while it's operating. It's actually a follow-up to the 4.3GB Skeleton Hard Disk Buffalo first released in 1998, which had a fully transparent housing that put all of its electronic components on display. At CES 2006, Western Digital launched a 150GB serial ATA drive called the Raptor X with a similar design to the new HD-SKL that used a small window to reveal a portion of its interior.
Associated Press
29-04-2025
- Business
- Associated Press
Melco publishes Company's annual sustainability report 'RISE to go Above & Beyond'
MACAU, April 29, 2025 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has announced the publication of its sustainability report for the year 2024 ( link ). The strategy continues to guide the Company to go 'Above & Beyond' -- to strive to achieve its commitments to restoring the environment, inspiring its people and communities, sustaining its supply chain and empowering its business to impact positive change. As Melco's strategy, pillar goals and targets evolve in response to shifting environments through wide-reaching efforts as highlighted in the report, the Company aims to actively engage stakeholders on its journey towards a climate-fit and equitable future. Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, said, 'Much more than a service, hospitality is about the experience it creates, the people it supports and the impact it leaves behind. Each year, Melco challenges itself to push this further, believing that luxury and responsibility are not opposing forces but partners in progress, which is reflected in how we uphold strong governance, manage our environmental impact, support our people and communities and lead in responsible gaming. This commitment to progress shaped our approach in 2024, as a year of recalibration in which we continued to strengthen operations, reignite momentum and ensure our integrated resorts remain at the forefront of excellence.' Key performance highlights from Melco's latest 'RISE to go Above & Beyond' sustainability strategy. Awards/Recognition Engaging our People Community Engagement & Investment Energy & Climate Resilience Material Use & Waste Sustaining our Supply Chain Empowering our Business Melco remains steadfast in its commitment to sustainability and invites stakeholders, partners, and communities to join in its journey towards a climate-fit and equitable future. About Melco Resorts & Entertainment Limited Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau ( ), an integrated resort located at Taipa, Macau and City of Dreams ( ), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs ( ), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City ( ), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila ( ), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus ( ). The Company also continues to operate three satellite casinos in other cities in Cyprus (the 'Cyprus Casinos'). For more information about the Company, please visit Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company. For media enquiries, please contact: Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: [email protected]
South China Morning Post
29-03-2025
- Business
- South China Morning Post
From casino city to cultural centre: how Macau is betting on art
Change is afoot in our sister SAR. Last December, outgoing chief executive Ho Iat-seng said Macau was 'shifting away from a gaming dominated economy', while neglecting to mention that his administration derived 80.5 per cent of its revenue from casino taxes. Earlier this month, Lawrence Ho, chairman and CEO of Melco, one of Macau's six casino operators, suggested that the city was ' no longer just a 'gambling hub' '. Advertisement But if Macau is no longer a place where baccarat is king and sic bo dice tumble endlessly across the baize, then what is it? It's now 'Cultural Macau', or so policymakers would have you believe. They may have a point. The impressive new Poly MGM Museum exemplifies what the city is capable of, but beyond such grand openings, Macau's calendar of visual arts events has embraced everything from contemporary art from the Portuguese-speaking world, to festivals of graffiti and open-call salons. To support the idea of 'Cultural Macau', casino operators – or 'concessionaires' as they're euphemistically called – have endowed generous art prizes and routinely strew the city with pop art installations that are either vibrant or hideous, depending on your point of view. But they are well intentioned. Strides have been made in the performing arts, too. In 2023, Macau presented more than 2,000 concerts. Big productions at the casinos drew an audience of a million people and generated MOP1.1 billion (HK$1.06 billion) in ticket sales. Macau's recent designation as a Culture City of East Asia for 2025 is the icing sugar on the pastel de nata of the city's cultural aspirations. It isn't the grandest accolade – and Macau is sharing the honour with three other municipalities – but this is the first time a Chinese city outside the mainland has been given the designation. Through it, tiny Macau is putting the world on notice that it intends to punch above its cultural weight. After all, even a city built on chance can gamble on good taste. Advertisement Here are some don't-miss art events coming up on the other side of the delta. New Perspectives: Modern and Contemporary Works from the Macao Museum of Art (until May 25)
Associated Press
13-03-2025
- Business
- Associated Press
Melco continues to lead with the city's top number of Stars granted by MICHELIN Guide Hong Kong & Macau 2025
MACAO SAR - Media OutReach Newswire - 13 March 2025 - Melco Resorts & Entertainment continues to lead in Macau in the newly published MICHELIN Guide Hong Kong & Macau 2025, being granted eight MICHELIN Stars across five restaurants located in City of Dreams, Studio City and Altira Macau. This year's result sees Jade Dragon, City of Dreams' Cantonese fine dining restaurant, maintain its superior Three MICHELIN Star status for the seventh consecutive year, while Alain Ducasse at Morpheus is honored with Two MICHELIN Stars for the seventh consecutive year. Furthermore, Melco's signature Cantonese restaurants Pearl Dragon at Studio City and Ying at Altira Macau, and Japanese restaurant Sushi Kinetsu at City of Dreams each garner One MICHELIN Star. Mr. Lawrence Ho, Chairman & CEO of Melco, said, 'It is a privilege to receive this distinction from MICHELIN Guide Hong Kong & Macau, considered by many as the global hallmark of fine dining and quality cuisine. As we strive to continually push the boundaries of luxury hospitality and entertainment by delivering our guests innovative and unforgettable experiences, we remain committed to enhancing Macau's reputation as a UNESCO-designated Creative City of Gastronomy through exceptional culinary offerings. We extend our gratitude to our Culinary and Food & Beverage teams for their unwavering commitment to excellence and congratulate them on this remarkable achievement. We will go on enriching our offerings and attractions as we invite guests from around the globe to enjoy the finest experiences Macau has to offer.' At the MICHELIN Guide Ceremony which took place today in Macau, Melco properties' restaurants received the following honors: Jade Dragon – 3 MICHELIN Stars Three MICHELIN-Starred Chinese restaurant Jade Dragon showcases exquisite culinary masterpieces created with the freshest seasonal ingredients and delectable delicacies. With spectacular designer décor and superlative personalized service, Jade Dragon sets the benchmark for fine dining in Macau. Recent honors and awards include: · MICHELIN Guide Hong Kong & Macau Three Stars (2019-2025) · Black Pearl Restaurant Guide Three Diamonds (2020-2025) · Forbes Travel Guide Five-Star rating (2014-2025) · Gourmet's Diamond award (2024), Black Diamond award (2021-2023) and only Three-Star restaurant in Macau (2020) · La Liste's Top 1,000 World's Best Restaurants (2025) · Travel + Leisure Southeast Asia's Macau Tastemakers List (2024) · Three Stars in Golden Phoenix Tree China Restaurant Guide (2024) · TARGET ELITE SELECT Awards' Cantonese Restaurant of the Year (2024) · South China Morning Post's 100 Top Tables (2014-2025) · Harper's BAZAAR HK's BAZAAR Taste Elite Macao (2025) · Tatler Asia's Tatler Best 100 Restaurants (2024) · Tatler Dining Guide's Top 20 Macau Restaurants List (2024) · Wine Spectator's Best of Award of Excellence (2014-2024) Alain Ducasse at Morpheus – 2 MICHELIN Stars Awarded Two MICHELIN Stars, Alain Ducasse at Morpheus redefines French gastronomy with a contemporary vision and sentimental approach to cooking. The restaurant located at City of Dreams sources produce from the best regions which is harvested at its optimal time, highlighting a deep appreciation for nature and an intimate understanding of the seasons. Sourcing from small-scale farms and line-caught fish, the restaurant ensures unparalleled quality and a distinctive tasting experience. Recent honors and awards include: · MICHELIN Guide Hong Kong & Macau Two Stars (2019-2025) · Black Pearl Restaurant Guide One Diamond (2024-2025) · Forbes Travel Guide Five-Star rating (2020-2025) · Gourmet's Diamond award (2022-2024), Platinum award (2021) and One Star recognition (2020) · La Liste's Top 1,000 World's Best Restaurants (2025) · Travel + Leisure Southeast Asia's Macau Tastemakers List (2024) · TARGET ELITE SELECT Awards' French Restaurant of the Year (2024) · South China Morning Post's 100 Top Tables recognition (2020-2025) · Tatler Dining Guide's Top 20 Macau Restaurants award (2024) · Wine Spectator's Best of Award of Excellence (2019-2024) Pearl Dragon – 1 MICHELIN Star Studio City's MICHELIN-Starred Cantonese restaurant Pearl Dragon offers a refined taste of China complemented by sophisticated décor. Dedicated to perfection, Pearl Dragon offers a menu showcasing refined provincial Chinese flavors, innovative culinary creations and the finest delicacies. Recent honors and awards include: · MICHELIN Guide Hong Kong & Macau One Star (2017-2025) · Forbes Travel Guide Five-Star rating (2019-2025) · Gourmet's Platinum award (2021-2024) · La Liste's Top 1,000 World's Best Restaurants (2025) · South China Morning Post's 100 Top Tables (2017-2025) · Tatler Dining Guide's Top 20 Macau Restaurants List (2024) · Wine Spectator's Best of Award of Excellence (2016-2024) · Haute Grandeur Global Restaurant Awards' Best Chinese Cuisine in Asia - Excellence Award (2022) Ying – 1 MICHELIN Star Awarded the coveted MICHELIN Star, Ying is Altira Macau's signature restaurant specializing in fine Cantonese cuisine as well as local delicacies created by an exceptionally talented culinary team. Ying is recognized as an outstanding establishment that offers guests a truly exceptional level of luxury and service. Recent honors and awards include: · MICHELIN Guide Hong Kong & Macau One Star (2017-2025) · Forbes Travel Guide Five-Star rating (2020-2025) · La Liste's Top 1,000 World's Best Restaurants (2025) · South China Morning Post's 100 Top Tables (2023-2025) · Wine Spectator's Best of Award of Excellence (2015-2024) Sushi Kinetsu – 1 MICHELIN Star Bestowed the coveted MICHELIN Star, Sushi Kinetsu at City of Dreams offers authentic Edomae sushi across a beautiful, centuries old Hinoki wood sushi bar. The tranquil restaurant serves seasonal delicacies using only the finest ingredients, crafted by Japanese master chefs. Recent honors and awards include: · MICHELIN Guide Hong Kong & Macau One Star (2024-2025) · Black Pearl Restaurant Guide One Diamond (2024-2025) · Gourmet's Platinum award (2024) Hashtag: #melco #cityofdreams #studiocity #altiramacau #jadedragon #pearldragon #ying #alainducasseatmorpheus #sushikinetsu #michelin Wechat: 新濠博亚娱乐 The issuer is solely responsible for the content of this announcement. About Melco Resorts & Entertainment Limited Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau ( an integrated resort located at Taipa, Macau and City of Dreams ( an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs ( which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City ( a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila ( an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus ( The Company also continues to operate three satellite casinos in other cities in Cyprus (the 'Cyprus Casinos'). For more information about the Company, please visit Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
