Recent Updates — MLCO
Melco Resorts Finance Limited reported second quarter 2026 net income of US$29.5 million, up from US$14.1 million in the prior year period, driven by lower property charges and higher interest income on intercompany loans. Total operating revenues decreased 8.3% to US$1.07 billion due to softer performance at City of Dreams and closures at Grand Dragon Casino and three Mocha Clubs. The company paid US$44.8 million in dividends during the quarter, funded by a US$416.7 million drawdown on its MN1 2020 Revolving Facilities. On August 24, 2026, Melco announced the full redemption of its US$600.0 million 2027 Senior Notes at par plus accrued interest, with a redemption date set for September 23, 2026. The company operates integrated resorts and gaming facilities in Macau.
Melco Resorts Finance Limited issued a notice of redemption on August 24, 2026, for its US$600 million 5.625% Senior Notes due 2027. The company will redeem all outstanding notes at 100.000% of the principal amount plus accrued and unpaid interest. The redemption date is set for September 23, 2026. Interest on the notes will cease to accrue on this date. Melco Resorts & Entertainment Limited operates in the integrated resort and entertainment industry.
Melco Resorts & Entertainment Limited reported unaudited financial results for the second quarter of 2026. Total operating revenues decreased approximately 6% year-over-year to US$1.25 billion, driven by softer performance in rolling chip and mass market table games as well as non-gaming operations. Operating income rose slightly to US$127.8 million from US$124.7 million in the prior year period. Adjusted Property EBITDA declined to US$303.8 million from US$377.7 million, while net income attributable to Melco Resorts increased to US$22.7 million, or US$0.06 per ADS, compared with US$17.2 million, or US$0.04 per ADS, in the second quarter of 2025. The company also announced that its new hotel, REM, will commence phased opening in the third quarter of 2026. Melco Resorts & Entertainment Limited is a developer, owner, and operator of integrated resort facilities in Asia and Europe.