NasdaqGS:MLCOHospitality
Melco’s Manila Sale Review And New Coverage Might Change The Case For Investing In Melco (MLCO)
In recent days, Texas Capital Securities initiated coverage on Melco Resorts & Entertainment, highlighting its premium mass focus, non-gaming attractions, and exposure to Macau, while the company continued reviewing a possible sale of its City of Dreams Manila resort that could raise close to US$600 million.
Taken together, the fresh analyst attention and potential Manila asset sale underscore how Melco may be reshaping its balance sheet and geographic mix across Asia and Europe.
We will now...