# Melco Resorts & Entertainment Limited (MLCO)

> Source: Nexqual · https://nexqual.com/MLCO · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Melco Resorts & Entertainment Limited (MLCO), nexqual.com/MLCO" · informational, not investment advice.

**Price:** USD 3.73 (-5.81% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 3.96 · day 3.7–3.96 · 52w 3.7–9.53 · market cap $1.42B · NMS

## Key facts
- 1 of 80 tracked superinvestors hold MLCO (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.23 on a 1–5 scale) (13 analysts), mean target USD 6.33 (range 4–8.5).
- Total return with dividends: 1Y -55.2% vs S&P 500 +13.4%; 5Y -65.6% vs S&P 500 +76.9%.
- Next earnings: 2026-11-05, EPS estimate USD -0.01, revenue estimate $1.24B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold MLCO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 0.44% | $8.5M | Reduced -10.5% |

## Analysts
Consensus Buy (mean 2.23 on a 1–5 scale), 13 analysts; mean target USD 6.33 (low 4, high 8.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-14 | Susquehanna | Target lowered | Positive | $8 → $7 |
| 2026-08-12 | Susquehanna | Target lowered | Positive | $12 → $8 |
| 2026-07-16 | JP Morgan | Target lowered | Neutral | $6 → $5.7 |
| 2026-07-10 | CLSA | Upgrade | Hold → Outperform | $6.1 → $6 |
| 2026-07-10 | Citigroup | Target lowered | Buy | $10.5 → $9.4 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -55.2% | -65.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -55.3% | -19.2% |
| Volatility (annualized) | 39.2% | 58.9% |
| Max drawdown | -60.3% (Dec 2025→Oct 2026) | -74.1% (Apr 2023→Oct 2026) |

## Peers (Resorts & Casinos)
PENN (PENN Entertainment, Inc.) USD 14.5 -6.21% · MCRI (Monarch Casino & Resort, Inc.) USD 112.68 -0.72% · HGV (Hilton Grand Vacations Inc.) USD 35.89 -3.21% · BALY (Bally's Corporation) USD 13.86 +0.73% · VAC (Marriott Vacations Worldwide Co) USD 109.31 -3.21% · RRR (Red Rock Resorts, Inc.) USD 49.61 -1.63%

## More
Full page: https://nexqual.com/MLCO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in MLCO's own 20-F filed 2026-03-13 (https://www.sec.gov/Archives/edgar/data/1381640/000119312526105023/d55680d20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Macau | "Since we derive a significant majority of our revenues from our Macau business and a significant number of our customers come from, and are expected to continue to come from, China, our results of operations and financia…" |
| Partner | Belle | "In August 2022 and October 2022, we entered into amendment agreements to the Lease Agreement with Belle Corporation, under which the parties revised the rent payable (i) for the year ended December 31, 2022; and (ii) for…" |
| Partner | ORIX CORP (IX) | "In Japan, a proposed project in Osaka was awarded to MGM Resorts International and its joint venture partner Orix Corporation which is currently scheduled to open in 2030." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.01 | $0.13 | -107.7% | $1.24B | 2 |
| Next quarter (ends 2026-12-31) | $0.20 | $0.14 | +46.4% | $1.37B | 2 |
| Current fiscal year (ends 2026-12-31) | $0.40 | $0.57 | -29.6% | $5.17B | 4 |
| Next fiscal year (ends 2027-12-31) | $0.61 | $0.82 | -25.9% | $5.35B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±14.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 27 | 59.1% | ±14.6% |
| 2027-01-15 | 83 | 57.9% | ±23.2% |
| 2027-04-16 | 174 | 52.4% | ±29.8% |