{"id":777018257,"date":"2024-08-19T09:20:06","date_gmt":"2024-08-19T12:20:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777018257"},"modified":"2026-04-22T07:03:11","modified_gmt":"2026-04-22T10:03:11","slug":"melco-resorts-buys-back-shares","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-buys-back-shares","title":{"rendered":"Melco Resorts buys back shares"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Melco Resorts has repurchased nearly 8.34m shares.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- <strong>Melco Resorts &amp; Entertainment <\/strong>has repurchased 8,335,364 American depositary shares (ADS), each representing three ordinary shares of Melco Resorts, at a cost of US$44.5m. The transaction was reported in a filing by its Hong Kong-listed parent company, Melco International Development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This buyback is part of a broader initiative announced in June 2024, which includes a US$500m share repurchase programme over three years. The acquisition was fully financed through the company&#8217;s available liquidity resources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said it has yet to decide whether the shares repurchased will be cancelled, remain as issued or will be held in treasury for future re-issuance. The casino operator reported\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-posts-revenue-of-us1-16bn-for-q2\" target=\"_blank\" rel=\"noreferrer noopener\">operating revenue of US$1.16bn for the second quarter of the year<\/a>,\u00a0up 22 per cent\u00a0in\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-posts-revenue-of-us947-9m-for-q2\" target=\"_blank\" rel=\"noreferrer noopener\">year-on-year terms<\/a>. The increase was attributed to improved performance in the mass market segment and non-gaming operations driven by the recovery in inbound tourism to Macau.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company reported&nbsp;<strong>operating income of US$123.7m<\/strong>, compared to US$64.3m in the second quarter of 2023. The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$302.8m compared with US$267.3m in 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also: <\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/melco-ceo-plays-down-concerns-about-macau-measure-on-illegal-money-exchange\" rel=\"noreferrer noopener\">Melco CEO plays down concerns about Macau measure on illegal money exchange<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melco Resorts has repurchased nearly 8.34m shares.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 has repurchased 8.34 million American depositary shares for US$44.5 million, part of a US$500 million three-year program, financed through available liquidity. This capital allocation move follows a strong Q2 2024, where the casino operator reported US$1.16 billion in operating revenue and US$302.8 million in adjusted property EBITDA, primarily driven by the recovery of Macau's mass market and non-gaming operations.","focusai_entities":"Melco Resorts & Entertainment, Melco International Development","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Melco Capital Allocation?","query":"What is the strategic rationale behind Melco's decision to execute a significant share repurchase program versus prioritizing debt reduction or accelerated investment in new growth verticals, particularly given the ongoing recovery in Macau?"},{"label":"Macau Market Outlook?","query":"How sustainable is the current growth trajectory in Macau's mass market and non-gaming segments, and what are the key regulatory or competitive risks that could impact Melco's future operational performance and GGR\/NGR projections?"}],"footnotes":""},"categories":[16338,163],"tags":[23970],"class_list":["post-777018257","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018257","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=777018257"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018257\/revisions"}],"predecessor-version":[{"id":777018260,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018257\/revisions\/777018260"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}