Melco Resorts & Entertainment (MLCO) Raises Quarterly Dividend 7.4% to $0.14505; 2.4% Yield
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Melco Announces Unaudited Second Quarter 2018 Earnings and Increase in Quarterly Dividend to US$0.14505 per ADS
July 24, 2018 8:14 AM EDTMACAU, July 24, 2018 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (Melco or the Company), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today reported its unaudited financial results for the second quarter of 2018.
Net revenue for the second quarter of 2018 was US$1,228.6 million, representing a decrease of approximately 5% from US$1,298.2 million reported for the comparable period in 2017. The decrease in net revenue was primarily attributable to higher commissions reported as a reduction in revenue upon the Companys adoption of a new revenue... More
