Melco Resorts & Entertainment Limited (MLCO) Declares $0.03 Quarterly Dividend; 0.5% Yield
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Melco Announces Unaudited First Quarter 2017 Earnings and Declares Quarterly Dividend
May 4, 2017 8:16 AM EDTMACAU, May 04, 2017 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia, today reported its unaudited financial results for the first quarter of 2017.
Net revenue for the first quarter of 2017 was US$1,277.2 million, representing an increase of approximately 16% from US$1,103.6 million for the comparable period in 2016. The increase in net revenue was primarily attributable to improved group-wide rolling chip and mass market table games revenues.
On a U.S. GAAP basis, operating income for the first... More
