Melco Resorts & Entertainment (ADR) (MLCO)
Operates integrated resorts in Macau, Manila, Cyprus, and Sri Lanka.
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Operates casino-led integrated resorts combining hotels, entertainment, dining, retail, and gaming. Its City of Dreams, Studio City, Altira Macau, and Mocha offerings are concentrated in Macau, alongside City of Dreams operations in Manila, Cyprus, and Sri Lanka.
Builds and operates casino-led integrated resorts that pair gaming with luxury accommodation, entertainment, dining, retail, and other non-gaming attractions. Its Macau portfolio includes City of Dreams, Altira Macau, Studio City, and Mocha electronic-gaming-machine venues.
Beyond Macau, it operates and manages City of Dreams Manila, runs City of Dreams Mediterranean and Cyprus satellite casinos, and has a casino and hotel-management arrangement at City of Dreams Sri Lanka. Macau and the Philippines supply a substantial portion of cash flow, while Cyprus is a smaller contributor.
The Macau business depends on a gaming concession running through 2032, and operations remain exposed to regulatory compliance, regional travel, and visitation. The listed parent conducts most operations through subsidiaries and relies on their earnings, cash flow, and distributions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 17, 2026 | CBRE | Reiterate | Rating: —Target: — | Target: $8.50 |
| Aug 14, 2026 | Susquehanna | Reiterate | Rating: —Target: $8 | Target: $7 |
| Aug 12, 2026 | Susquehanna | Reiterate | Rating: —Target: — | Target: $8 |
| Jul 10, 2026 | CLSA | Upgrade | Target: $6.10 | Target: $6 |
| Jun 22, 2026 | Morgan Stanley | Downgrade | Target: $9.60 | Target: $6 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $912.9M · Total debt $7.31B · Total assets $7.37B · Shareholders' equity −$1.64B
- Revenue
- $1.25B
- Operating income
- $129.3M
- Net income
- $22.7M
No dividends on record.
| Institutions | 25.73% | 104.67M ADS | |
|---|---|---|---|
| 172 holders · as of Jun 30, 2026 | |||
| Insiders | 59.82% | 243.34M ADS | |
| 11 holders · as of Sep 18, 2026 | |||
| Strategic holders | 58.23% | 236.86M ADS | |
| 2 holders · as of Sep 18, 2026 | |||
| Adds to | 143.78% | ||
406.79M ADS (1 ADS = 3 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 143.78%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Lawrence Yau Lung Ho1,2Insiderdirector, officer: Chief Executive Officer | 58.48% | 735.41M ordinary | filed Sep 18, 2026 |
Melco International Development LimitedStrategic | 56.32% | 229.12M | filed Sep 18, 2026 |
Capital Research Global InvestorsInstitution | 8.30% | 33.78M | filed Feb 14, 2019 |
Arga Investment Management, LPInstitution | 3.05% | 12.41M ADS | as of Jun 30, 2026 |
Citadel Advisors LLCInstitution | 2.85% | 11.61M ADS | as of Jun 30, 2026 |
- Lawrence Yau Lung Ho's transaction reports restate only vehicles that traded; the 2022 ownership statement (245.14M) less the 7.25M net shares sold since is used instead.
- Lawrence Yau Lung Ho reports a block also reported by Arrowstreet Capital, Limited Partnership; it is counted once, under Arrowstreet Capital, Limited Partnership.
Insider tradesForm 4
No open-market trades in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Melco Resorts & Entertainment (ADR) | $4.80 | +0.42% | $1.83B | 7.9 | 10.3 | 0.4 | −5.7% |
| Las Vegas Sands | $39.80 | +0.24% | $26.08B | 15.7 | 12.0 | 1.9 | −0.7% |
| MGM Resorts International | $38.89 | −0.01% | $9.74B | 23.5 | 23.7 | 0.5 | +1.1% |
| Wynn Resorts | $82.99 | +0.58% | $8.65B | 20.0 | 18.5 | 1.2 | +6.9% |
| Median | 20.0 | 18.5 | 1.2 | +1.1% |