Melco Says 'The increase in total operating revenues was primarily attributable to the improved performance in the mass market segment and non-gaming operations, led by the continued recovery in inbound tourism to Macau during the second quarter of 2024.'
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Melco reported an increase in total operating revenues, driven by improved performance in the mass market segment and non-gaming operations, due to the recovery in inbound tourism to Macau in Q2 2024.
August 13, 2024 | 12:03 pm
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Melco's increase in total operating revenues was driven by improved performance in the mass market segment and non-gaming operations, due to the recovery in inbound tourism to Macau in Q2 2024.
The increase in total operating revenues indicates a positive financial performance for Melco, driven by the recovery in Macau's tourism sector. This is likely to have a positive short-term impact on MLCO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100