CEO and chairman Lawrence Ho says ‘We have seen a very encouraging start to the recovery in Macau during the first quarter of 2023’.
Melco Resorts & Entertainment Limited
CEO Lawrence Ho highlighted the impact of “travel restrictions imposed across mainland China and Macau” during the pandemic.
CEO Lawrence Ho blames poor results on effects of Covid-19 restrictions and tighter border controls.
Gaming operator Melco Resorts & Entertainment Limited reported on Thursday an 85% year-on-year decline in its third-quarter total operating revenues to US$210 million.
Melco Resorts & Entertainment Limited announced on Thursday that its total operating revenues for the second quarter fell about 88% to US$0.18 billion.
Gaming operator Melco Resorts & Entertainment Limited reported on Wednesday an operating loss of US$149.9 million for the first quarter of this year, compared with operating income of US$191.1 million in the same quarter of last year.
The net income attributable to Melco Resorts & Entertainment Limited for the fourth quarter of 2019 fell 46.2% year-on-year to US$68.1 million.