Casinos and Gaming

MELCO INT'L DEV

Melco Resorts & Entertainment Announces First Quarter Revenue Growth of 11%

MELCO INT'L DEV released FY2025 Q3 earnings on March 31, 2026 (BJT), with actual revenue of HKD 10.14 B and actual EPS of HKD 0.1484

MELCO INT'L DEV released FY2025 9 Months Earnings on March 31, 2026 (BJT), with actual revenue of HKD 30.1 B and EPS of HKD 0.3226

New 濠 International Develops Announces Strong Earnings, Water Show Drives Non-Gambling Revenue Growth in Macao

MELCO INT'L DEV released FY2025 Q4 earnings on March 31 During-Market (BJT), actual revenue HKD 10.14 B, actual EPS HKD 0.1475

MELCO INT'L DEV released FY2025 Annual Earnings on March 31 During-Market (BJT), Actual Revenue HKD 40.24 B (Forecast HKD 40.26 B), Actual EPS HKD 0.48 (Forecast HKD 0.3533)

MELCO INT'L DEV to release FY2025 earnings report on March 31 During-Market BJT, forecast revenue HKD 40.26 B, EPS HKD 0.3533

Guangdong Xingchi Culture wins a mixed-use plot in Qian 灯 Lake, Foshan

UBS Maintains Positive Outlook on Macau Gaming Sector and Adjusts Ratings and Targets

New Century Development Reports 8.6% YoY Increase in Operating Income for 25Q4

Melco Resorts & Entertainment Announces Unaudited Q4 and Full Year 2025 Financial Results

Melco's Executives Analyze Macau Gambling Market Competition and Company Strategies

Huatai Securities Releases MLCO's Q3 Earnings Analysis and Maintains Overweight Rating

Blackpocket Capital Opens Private Hospital with High-end Health Checks and Aesthetic Services at Studio City

MELCO INT'L DEV released FY2025 Q1 earnings on August 29 (BJT), actual revenue HKD 9.982 B, actual EPS HKD 0.0871

New 濠 International Development Announces Profitable Half-Yearly Results for 2025

MELCO INT'L DEV released FY2025 Q2 earnings on August 29 During-Market (BJT), actual revenue HKD 9.982 B, actual EPS HKD 0.0871

MELCO INT'L DEV released FY2025 Semi-Annual Earnings on August 29 During-Market (BJT), actual revenue HKD 19.96 B (forecast HKD 18.55 B), actual EPS HKD 0.1742 (forecast HKD 0.14)

MELCO INT'L DEV to release FY2025 Semi-Annual earnings on August 29, 2025 (BJT), forecast revenue HKD 18.55 B, EPS HKD 0.14

CICC Raises Target Price for Melco International Development

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Latest data from the Macau Financial Services Bureau showed that cumulative gaming tax revenue for January to April this year amounted to 34.872 billion Macau patacas, up 16.9% YoY, reaching 37.7% of the full-year budget target. (su/j)

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Macau JanApr Cumulative Gaming Tax Revenue Up 16.9% YoY, Reaching 37.7% of Full-Year Budget

SCHYY

On May 4, during the Mainland "May Day" holiday, Macau recorded 152,000 inbound visitors, contributing to over 749,000 total passenger trips across border checkpoints. Outbound visitors numbered 174,000, with the Barrier Gate Checkpoint, Hengqin Port, and Hong Kong-Zhuhai-Macao Bridge being the main entry points. Previous days saw inbound visitors at 203,000, 247,000, and 182,000 respectively.

- On May 4, during the fourth day of China's "May Day" holiday, the Macau Public Security Police reported over 749,000 border crossings.  
- A total of 152,000 visitors entered Macau, while 174,000 visitors exited, with primary checkpoints being the Gongbei checkpoint, Hengqin port, and the Hong Kong-Zhuhai-Macau Bridge checkpoint.  
- Earlier reports indicated the number of inbound visitors on the first three days of the holiday was 203,000, 247,000, and 182,000 respectively.

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Las Vegas Sands

Macau Logs 152,000 Inbound Visitors on Fourth Day of "May Day" Holiday

Haitong International forecasts an 8% year-on-year increase in Macau's GGR for May, following a 5.5% rise to MOP19.894 billion in April. The average daily GGR in April was MOP663 million, down 9.1% from March, indicating seasonal softening. Year-to-date, total industry revenue is up 12.1% YoY, reaching 86% of 2019 levels. Despite a decline in hotel room rates during the May Day Golden Week, occupancy rates improved. The expected growth in May would bring total industry revenue to 88.2% of the 2019 level.

Haitong International Expects Macau May GGR to Rise 8% YoY

CICC reported that Macau's gross gaming revenue (GGR) in April increased by 5.5% year-on-year, slightly below market expectations of 6.5%. Month-on-month, GGR fell by 12%, reaching 84.3% of April 2019 levels. The subdued performance was attributed to the low season, lower win rates, and stricter regulations. VIP gaming revenue dropped 46% to 55% compared to April 2019, while mass-market revenue rose by 11% to 19%. CICC forecasts May GGR between MOP21.7 billion and MOP23.3 billion, with a year-on-year growth of 2% to 10%.

CICC

CICC: Macau Apr GGR Largely In Line

Melco Resorts & Entertainment reported a strong Q1 2026, with total operating revenue up 11% to US$1.37 billion and net income more than doubling to US$76.8 million. The company announced a new US$500 million share buyback program, signaling confidence in its financial strength, despite significant net debt of US$6.67 billion. The current analyst rating for Melco International stock is a Sell, with a price target of HK$4.30.

Tip Ranks

Melco Resorts Posts Strong Q1 2026 and Launches New US$500 Million Buyback

Macau's gaming tax revenue for Q1 2026 increased by 15.9% year-on-year, totaling 25.8 billion Macao patacas, according to the Macao Financial Services Bureau. Additionally, the fiscal surplus for the same period rose by 43.96% year-on-year to 13.643 billion Macao patacas.

- The Monetary Authority of Macao reported that gaming tax revenue for the first three months of this year reached 25.8 billion Macao patacas, a year-on-year increase of 15.9%.  
- The fiscal surplus in Macao for the same period grew by 43.96%, reaching 13.643 billion Macao patacas.  
- These financial indicators reflect a positive trend in Macao's economy during the first quarter.

Macau 1Q26 Gaming Tax Revenue Up 15.9% YoY

Citigroup lowered its April Macau gaming revenue forecast to MOP 20.5 billion, citing that the win rate in VIP rooms is below normal levels. From April 1 to 12, gaming revenue was approximately MOP 7.95 billion, with an average daily revenue of about MOP 630 million, a decrease of 8% compared to the previous 7 days. Looking ahead, the concert of Thai singer Billkin and the Weibo International Entertainment Gala are expected to improve gaming revenue performance before the Labor Day Golden Week

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Studio City

Under the banner of "Big Banks," the forecast for April's gaming revenue in Macau has been downgraded to MOP 20.5 billion

Melco International Development Ltd. (OTCMKTS:MDEVF) experienced a significant increase in short interest, rising by 135.1% in March. As of March 31, short interest totaled 614,260 shares, up from 261,260 shares on March 15. The short-interest ratio is currently 1,559.0 days, with 0.0% of the company's stock sold short. The stock opened at $0.50, with a 50-day moving average of $0.54 and a 200-day average of $0.59. Melco International is involved in property development, hospitality, and gaming sectors in Asia.

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Short Interest in Melco International Development Ltd. (OTCMKTS:MDEVF) Grows By 135.1%

MELCO INT'L DEV(00200.HK)