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Melco Resorts returns to profit as Q1 revenue tops $1.11 billion

2nd May 2024 10:00 am GMT

Melco Resorts & Entertainment has reported a 44 per cent increase in revenue from its integrated resort facilities in Asia and Europe for the first quarter of 2024.

Revenue in Q1 rose to $1.11 billion following an improved performance in all gaming segments and non-gaming operations, largely driven by the continued recovery in inbound tourism to Macau.

Melco’s City of Dreams property in Macau accounted for half of the total as Q1 revenue rose 54 per cent [...]

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