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Casino Gaming Operator Melco Resorts & Entertainment Misses On Q3 Despite Y/Y Recovery

Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) reported third-quarter FY23 sales growth of 321% year-on-year to $1.017 billion, missing the analyst consensus estimate of $1.026 billion.

The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations following the relaxation of COVID-19 related restrictions in Macau in January ...

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