Melco Resorts Rebounds in Q1 2025 with Strong Revenue Growth and Renewed Momentum
At the center of Melco’s revival is its flagship property, City of Dreams Macau, which alone generated $137.5 million in operating income this quarter. CEO Lawrence Ho highlighted the momentum in Macau, stating that property EBITDA in the region had grown 32% quarter-on-quarter. “We recorded our highest daily mass drop ever,” Ho noted, emphasizing sustained growth across the mass gaming market. Despite this, Altira Macau underperformed with a $2.4 million operating loss, attributed to a 22.7% drop in table drop volume compared to the same period last year. Philippines Market Faces Rising Competition In contrast to Macau’s momentum, the Philippines posed challenges. Melco acknowledged the impact of increased competition on City of Dreams Manila, although the property still delivered a respectable $13.5 million in operating income and $30.1 million in Adjusted EBITDA. During the earnings call, Ho reflected on the […]
