Melco Resorts & Entertainment (MLCO) Tops Q3 EPS by 10c, Revenues Miss

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Go back to Melco Resorts & Entertainment (MLCO) Tops Q3 EPS by 10c, Revenues Miss

Melco Announces Unaudited Third Quarter 2020 Earnings

November 5, 2020 8:13 AM EST

MACAU, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (Melco or the Company), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the third quarter of 2020.

Total operating revenues for the third quarter of 2020 were US$0.21 billion, representing a decrease of approximately 85% from US$1.44 billion for the comparable period in 2019. The decrease in total operating revenues was primarily attributable to softer performance in all gaming segments and non-gaming operations as a result of the COVID-19 pandemic, which... More