Melco Resorts & Entertainment (MLCO) Misses Q1 EPS by 29c, Revenues Beat
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Melco Announces Unaudited First Quarter 2020 Earnings
May 14, 2020 7:53 AM EDTMACAU, May 14, 2020 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (Melco or the Company), a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia and Europe, today reported its unaudited financial results for the first quarter of 2020.
Total operating revenues for the first quarter of 2020 were US$0.81 billion, representing a decrease of approximately 41% from US$1.38 billion for the comparable period in 2019. The decrease in total operating revenues was primarily attributable to softer performance in all gaming segments and non-gaming operations as a result of the temporary... More
