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Source: Maridav/Shutterstock, Inc. Casino stocks are rising higher on Monday and they have China's easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Maca
Casino stocks jumped early Monday as Macau city officials signaled China is set to ease Covid-era travel restrictions, making it much easier for people to return to globe's largest gambling
Falling wealth levels could spoil the Asian gambling capital's reopening.
As expected, Melco sustained EBITDA losses this quarter amid the impact of COVID restrictions on the Macau operations. While the near-term guidance is uncertain, Melco's liquidity runway provides a ni

Why Melco Resorts Stock Tumbled 9% on Tuesday

04:31pm, Tuesday, 30'th Aug 2022
The Hong Kong-based casino operator got some promising news on Monday, but economic headwinds produced another down day.
A key tourism statistic gives new hope to the casino operator's shareholders.
Melco Resorts & Entertainment's (MLCO) second-quarter 2022 results were hurt by COVID-related restrictions in Macau as well as mainland China.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q2 2022 Earnings Conference Call August 18, 2022 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho -
Melco (MLCO) delivered earnings and revenue surprises of 1.92% and 22.79%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Melco Announces Earnings Release Date

12:26pm, Tuesday, 16'th Aug 2022
MACAU, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of integrated resort facilities in Asia and Europe, today announces that
CNBC's Contessa Brewer reports on news from Macao.
Stocks like MGM Resorts (MGM), Melco Resorts & Entertainment (MLCO), Wynn Resorts (WYNN) and Las Vegas Sands (LVS) decline after Macau announces shutdown.
Macao's casinos could be in for another extended closure.
Casino stocks were a staple of many portfolios for years, and with the expansion into Macau, China, they were considered a cash cow.

Why Melco Resorts Stock Was a Lousy Bet Today

06:20pm, Wednesday, 06'th Jul 2022
Local authorities imposed the first full lockdown in over two years on a casino resort in the Macao enclave.
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