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Melco Resorts Q2 Sales Up 22% On Strength In Non-Gaming Operations, Inbound Tourism To Macau

Melco Resorts & Entertainment (NASDAQ:MLCO) reported a 22% increase in second-quarter sales to $1.159 billion, slightly falling short of $1.161 billion expectations, with notable revenue growth across most segments. The rise in total operating revenues was mainly due to stronger performance in the mass market segment and non-gaming operations, driven by the continued recovery of inbound tourism to Macau in the quarter. Operating income for the second quarter was $123.7 million versus $64.3 million in the second quarter of 2023. Melco generated Adjusted Property EBITDA of $302.8 million, compared with ...