{"id":33142,"date":"2022-09-01T02:50:34","date_gmt":"2022-09-01T05:50:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33142"},"modified":"2026-04-23T05:18:15","modified_gmt":"2026-04-23T08:18:15","slug":"melco-resorts-repurchases-85-million-shares","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-repurchases-85-million-shares","title":{"rendered":"Melco Resorts repurchases 85 million shares"},"content":{"rendered":"\n

The company has announced the exercise involved just under 10 million of its ordinary shares and 25 million of its American depositary shares.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Melco Resorts & Entertainment\u00a0<\/strong>has announced through a company filing that it has repurchased 9,995,799 of the company\u2019s ordinary shares and 25,000,000 of the company\u2019s American depositary shares.<\/p>\n\n\n\n

The $152.7m buyback announced by Melco when it released its\u00a0second-quarter results<\/a>\u00a0came from Melco Leisure and Entertainment Group Ltd, a unit of Hong Kong-listed Melco International Development Ltd. Melco Resorts announced that Melco Leisure’s holding in Melco Resorts would fall from 55.86 per cent to 50.36 per cent as a result of the private sale.<\/p>\n\n\n\n

The group\u2019s operating revenue for the second quarter was US$296.1m, a drop of 47.7 per cent from US$566.4m reported in the second quarter of 2021. When compared to the\u00a0first quarter<\/a>\u00a0of 2022, the figure slipped 37.7 per cent.<\/p>\n\n\n\n

The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was negative US$13.8m, versus positive US$79.1m in the prior-year quarter. <\/p>\n\n\n\n

Melco’s City of Dreams in Macau posted operating revenues of US$97.3m for the second quarter of the year. The casino venue generated a negative Adjusted EBITDA of US$28.5m, compared with an Adjusted EBITDA of US$79.5m in the second quarter of 2021. Rolling chip volume was US$748.1m <\/strong>while the rolling chip win rate was 2.57 per cent.<\/p>\n\n\n\n

Operating revenue at Altira Macau was US$7.2m, compared to US$18.3m in the second quarter of 2021. The casino venue generated negative adjusted EBITDA of US$11.3m, compared with negative US$17.3m in the second quarter of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company has announced the exercise involved just under 10 million of its ordinary shares and 25 million of its American depositary shares.<\/p>\n","protected":false},"author":176,"featured_media":25856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts & Entertainment executed a $152.7 million share buyback, repurchasing ordinary and American depositary shares, which reduced Melco Leisure's holding from 55.86% to 50.36%. Concurrently, the company reported a significant Q2 2022 operating revenue decline of 47.7% year-over-year to US$296.1m, resulting in a negative adjusted property EBITDA of US$13.8m, primarily driven by underperformance in its Macau gaming verticals.","focusai_entities":"Melco Resorts & Entertainment, Melco Leisure and Entertainment Group Ltd, Melco International Development Ltd, City of Dreams, Altira Macau","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Melco Capital Allocation","query":"What is the strategic rationale behind Melco Resorts & Entertainment's $152.7 million share buyback amidst significant Q2 revenue declines and negative EBITDA, and how does this align with long-term capital allocation priorities?"},{"label":"Macau Market Outlook","query":"Given the substantial year-over-year revenue contraction and negative Adjusted EBITDA across Melco's Macau properties, what are the projected market recovery timelines and key operational adjustments anticipated for the remainder of 2022 and into 2023?"}],"footnotes":""},"categories":[157,16338],"tags":[23970],"class_list":["post-33142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33142"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33142\/revisions"}],"predecessor-version":[{"id":33151,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33142\/revisions\/33151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}