Latest news with #MelcoResorts
Malay Mail
09-05-2025
- Entertainment
- Malay Mail
G2E Asia and Asian IR Expo Open Today, 100 Exclusive Product Launches on Display
GRAND OPENING CEREMONY OFFICIATED BY KEY LOCAL INDUSTRY FIGURES G2E ASIA CONFERENCE BEGINS WITH DISTINGUISHED KEYNOTE AND POWERHOUSE SPEAKER LINEUP 100 EXCLUSIVE PRODUCTS DEBUT ACROSS SHOW FLOOR MAY 8 EVENT HIGHLIGHTS The G2E Asia Conference running until May 9, addressing key topics including Technology and Innovations for Gaming; the 4 th Asia Pacific Responsible Gaming Forum; and IAGA Best Practices Institute. Speakers include Jerry Chan, Senior Vice President of Electronic Gaming & Special Projects of Okada Manila; Guojing Su, President and Professor of Asian Responsible Gaming Alliance; and Hikaru Oguchi, Partner of Nishimura & Asahi. running until May 9, addressing key topics including Technology and Innovations for Gaming; the 4 Asia Pacific Responsible Gaming Forum; and IAGA Best Practices Institute. Speakers include Jerry Chan, Senior Vice President of Electronic Gaming & Special Projects of Okada Manila; Guojing Su, President and Professor of Asian Responsible Gaming Alliance; and Hikaru Oguchi, Partner of Nishimura & Asahi. The final day of the Asian IR Summit, offering in-depth discussions on Sportainment and New Era of Entertainment. Speakers include Kevin Benning, Senior Vice President and Studio City General Manager, Melco Resorts & Entertainment; Jeffrey Jiang, EVP- Entertainment Services, Galaxy Entertainment Group; Michael Jensen, Senior Vice President of Strategic Optimization of Wynn Macau and Wynn Palace; Jeremy Walker, Senior Vice President, Marketing and Event Services, Galaxy Entertainment Group; Raymond Lo, Senior Vice President, Head of Global Marketing and General Manager of Altira Macau and Mocha Clubs, Melco Resorts & Entertainment; David Baxley, Vice President of Regional Entertainment, Sands China Ltd. An afternoon of expert-led sessions on smart hospitality at the Tech Talk, located within the exhibition. An afternoon exploring table games technology at the Gaming Innovation Forum, also within the exhibition. Exclusive networking cocktail events designed for table games and marketing professionals. The G2E Asia After Party at Para Club Macau, City of Dreams, with tickets available for purchase onsite at the event. HONG KONG SAR - Media OutReach Newswire - 9 May 2025 - G2E Asia and Asian IR Expo, the leading marketplace for the gaming, entertainment and integrated resorts sectors, officially opens today at The Venetian Macao, with more than 10,000 industry professionals from 80 countries and regions expected to from May 7-9, the exhibition spans over 30,000 sqm, showcasing over 150 exhibitors and featuring cutting-edge products and technologies that encompass the full spectrum of the entertainment and travel joint event officially commenced with a grand opening ceremony officiated by key figures from the local industry, highlighting the event's importance as the key platform and reinforcing the region's commitment to industry growth and cross-border off on May 7-9 alongside the exhibition, the G2E Asia Conference opened with a compelling program and a strong lineup of industry 7 featured Francis Lui, Chairman of Galaxy Entertainment Group, delivering the opening keynote on the evolving entertainment landscape and Ed Bowers, President of Global Development of MGM Resorts International, presenting the afternoon keynote on gaming and market around the Asian Market Forum, the day also welcomed notable speakers including Praveen Choudhary, Managing Director of Morgan Stanley Asia Limited; Fredric E. Gushin, Managing Director and Chief Executive Officer of Spectrum Gaming Group; and Niall Murray, Chairman of Murray International (Macau) Co. Ltd., setting the stage for two more days of strategic insights and future-focused the showcased products and solutions, 100 exclusive launches are making their debut in Asia for the first time. From established brands to rising stars, the launches span a diverse range of functions within the gaming and integrated resorts sectors, underscoring the limitless potential for innovation and growth within the industries.G2E Asia and Asian IR Expo continues May 8 with a full lineup of activities, including:To learn more about G2E Asia, visit To learn more about Asian IR Expo, visit Hashtag: #G2EAsiaandAsianIRExpo The issuer is solely responsible for the content of this announcement.
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
