Published on 23 May 2024 on Motley Fool via Yahoo Finance
Is Melco Resorts Stock a Buy?
Shares of Melco Resorts & Entertainment (NASDAQ: MLCO) have been on a hot streak rallying more than 40% in the past month.
The casino operator is benefiting from a recovery in gaming activity and visitor traffic to the Chinese administrative region of Macau where it generates the bulk of its business. Following several years of pandemic-era disruptions, it appears the company is finally moving forward.