ThesisMelco Resorts & Entertainment: the story is balanced — Macau gross gaming revenue (GGR) monthly data and visitation trends - market currently running 70-75% of 2019 levels
Rising US rates create dual pressure: (1) increases financing costs on substantial debt load (negative equity suggests debt exceeds book…
Watch on earnings: Macau monthly GGR published by Gaming Inspection and Coordination Bureau, USD/CNY exchange rate (DEXCHUS) affecting visitor spending power, Chinese retail sales and consumer confidence indicating discretionary spending capacity.
One Sentence Summary:
Melco Resorts & Entertainment: the story is balanced — macau gross gaming revenue (ggr) monthly data and visitation trends - market currently running 70-75% of 2019 levels.
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