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Consensus forecasts indicate growth was 3.6 per cent in the fourth quarter in year-on-year terms, and crucially, accelerated 1.2 per cent quarter-on-quarter. ....
Melco Resorts and Entertainment Limited begins reviving C2 chain in Cyprus May 17, 2021 In Cyprus and casino operator Melco Resorts and Entertainment Limited has announced the partial re-opening of its chain of Cyprus Casinos (C2) venues following an over five-month shuttering linked to the coronavirus pandemic. The Hong Kong-headquartered operator used an official press release to declare that the revivals from today will allow the properties in the communities of Nicosia, Paphos, Limassol and Ayia Napa to ‘continue providing guests with an unparalleled entertainment experience’ while simultaneously ‘closely adhering to all relevant guidelines issued by the Minister of Health’. Tough times: ....
Casino operator Melco Resorts and Entertainment Ltd posted a net loss of US$232.9 million for the three months to March 31, an improvement on the US$364.0-million loss recorded a year earlier. The result was however worse than the US$199.7-million loss reported in the fourth quarter of 2020, according to a Wednesday filing to Nasdaq. Melco Resorts run gaming operations in Macau; in Manila, in the Philippines; and in the Republic of Cyprus. The company’s total operating revenues for the period between January and March were US$518.9 million, down slightly from the US$528.0-million revenue achieved in the fourth quarter 2020. Such revenue was down 36.0 percent from US$811.2 million in the prior-year period. ....