Back to News
Nov 6, 2025 4:00 PM

This Casino Stock Got Dealt A Good Hand

Melco Resorts & Entertainment Ltd. (NASDAQ:MLCO) released its third-quarter financial report on Thursday, beating Wall Street estimates.

The company operates integrated resort brands like City of Dreams (in Macau, Manila, and Mediterranean), Studio City, and Altira Macau.

The company reported quarterly earnings of 21 cents per share, surpassing the analyst consensus estimate of 12 cents, an increase from earnings of 8 cents per share in the same period a year earlier.

Also Read: Mesoblast, Atai Life Sciences, Melco Resorts & Entertainment And Other Big Stocks Moving Higher On Tuesday

Quarterly operating revenue reached $1.31 billion, exceeding estimates of $1.28 billion, an increase from $1.18 billion in the prior-year quarter.

The company reported adjusted EBITDA of $351.96 million for the quarter, compared to $302.59 million in the same period last year.

Melco’s adjusted property EBITDA rose to $380.42 ...