Melco Resorts & Entertainment (MLCO) Misses Q1 EPS by 13c, Revenues Miss

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Go back to Melco Resorts & Entertainment (MLCO) Misses Q1 EPS by 13c, Revenues Miss

Melco Announces Unaudited First Quarter 2021 Earnings

April 28, 2021 8:18 AM EDT

MACAU, April 28, 2021 (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 first quarter of 2021.

Total operating revenues for the first quarter of 2021 were US$0.52 billion, representing a decrease of approximately 36% from US$0.81 billion for the comparable period in 2020. The decrease in total operating revenues was primarily attributable to a year-over-year decline in inbound tourism in the first quarter of 2021, compared to the first quarter of... More