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Melco Resorts Announces Strategic Closure and Reallocation in Macau

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Melco Resorts Announces Strategic Closure and Reallocation in Macau

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Melco International ( (HK:0200) ) has provided an announcement.

Melco Resorts & Entertainment Limited, a subsidiary of Melco International, announced the closure of Grand Dragon Casino and three Mocha Clubs in Macau by the end of 2025, as part of its overall development strategy. Employees from these venues will be reassigned within the company’s Macau properties, ensuring job security, while gaming equipment will be relocated to other Melco Resorts locations. The company is also seeking government approval to continue operations at three other Mocha Clubs beyond December 2025, subject to regulatory compliance.

The most recent analyst rating on (HK:0200) stock is a Buy with a HK$5.20 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

More about Melco International

Melco International Development Limited is a Hong Kong-incorporated company with limited liability, operating as a developer, owner, and operator of integrated resort facilities in Asia and Europe. Its listed subsidiary, Melco Resorts & Entertainment Limited, has its American depositary shares listed on the Nasdaq Global Select Market.

YTD Price Performance: -3.42%

Average Trading Volume: 10,153,451

Technical Sentiment Signal: Sell

Current Market Cap: HK$7.31B

Learn more about 0200 stock on TipRanks’ Stock Analysis page.

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