Melco Resorts & EntertainmentMLCO
About: Melco Resorts and Entertainment Ltd is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 81% from Macao with the rest largely from the Philippines as of 2024.
Employees: 15,997
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
252% more call options, than puts
Call options by funds: $18.3M | Put options by funds: $5.21M
0.44% less ownership
Funds ownership: 11.55% [Q4 2024] → 11.11% (-0.44%) [Q1 2025]
7% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 27
2% less funds holding
Funds holding: 163 [Q4 2024] → 159 (-4) [Q1 2025]
15% less capital invested
Capital invested by funds: $884M [Q4 2024] → $748M (-$136M) [Q1 2025]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 3 (-1) [Q1 2025]
37% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 63
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Citigroup George Choi | 26%upside $11 | Buy Maintained | 9 Jul 2025 |
JP Morgan Joseph Greff | 9%upside $9.50 | Overweight Upgraded | 1 Jul 2025 |
B of A Securities Ronald Leung | 24%downside $6.60 | Neutral Maintained | 20 May 2025 |
Financial journalist opinion
Based on 11 articles about MLCO published over the past 30 days
