Recent Updates — MLCO
Melco Resorts & Entertainment Limited's indirect subsidiary, Melco Macau, has entered into a limited partnership agreement and subscription agreement to invest in the Macao SAR Government Guidance Fund No. 2. The total capital commitment is MOP828.0 million (approximately HK$803.2 million), representing approximately 9.2% of the fund's aggregate commitments of MOP9,000.0 million. This investment fulfills Melco Macau's non-gaming investment obligations under its gaming concession contract with the Macau government and is expected to be funded by internal resources without materially affecting the company's financial position. The fund aims to support economic diversification in Macau through investments in emerging industries, technology start-ups, and regional development projects. Melco Resorts & Entertainment Limited operates leisure, gaming, and entertainment properties primarily in Macau.
Melco Resorts Finance Limited completed the redemption of its entire outstanding US$600 million principal amount of 5.625% Senior Notes due 2027 on September 23, 2026. The company canceled all Redeemed Notes, leaving no notes from this specific issuance outstanding. Melco Resorts & Entertainment Limited operates in the integrated resort and gaming industry.
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.