Melco Group: Melco International Sees Significant Turnaround in 2024

In 2024, Melco International Development Limited, the Hong Kong Stock Exchange-listed parent of Macau-based Melco Resorts & Entertainment, reported a significant reduction in its annual financial losses. The company detailed a loss of HK$784.6 million ($100.9 million), marking a notable 55% decrease from the previous year. Enhanced operational performance: This financial improvement was supported by a robust 22.5% increase in net [...]