Melco’s Manila Sale Review And New Coverage Might Change The Case For Investing In Melco (MLCO)
- In recent days, Texas Capital Securities initiated coverage on Melco Resorts & Entertainment, highlighting its premium mass focus, non-gaming attractions, and exposure to Macau, while the company continued reviewing a possible sale of its City of Dreams Manila resort that could raise close to US$600 million.
- Taken together, the fresh analyst attention and potential Manila asset sale underscore how Melco may be reshaping its balance sheet and geographic mix across Asia and Europe.
- We will now examine how Melco’s consideration of a City of Dreams Manila sale could influence its investment narrative and future positioning.
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