Melco Resorts & Entertainment Ltd (MLCO) launched the world’s first integrated resort hospital in Macau in partnership with iRad, offering MRI & CT facilities, diagnostic imaging, and medical concierge services. Lawrence Ho, CEO, aims to boost medical tourism in Macau and attract regional visitors, aligning with the government’s economic diversification strategy.

JP Morgan analyst DS Kim reiterated a Buy rating on MLCO but cut the price target to $10.5. The company develops, owns, and operates integrated resorts in Asia and Europe, offering premium and mass-market gaming experiences. Despite potential as an investment, other AI stocks may offer greater upside potential and less downside risk.

Melco Resorts & Entertainment Ltd hopes the hospital will enhance Macau’s tourism infrastructure and attract longer stays at its hotels. By offering cutting-edge medical tourism experiences, the company aims to draw in regional and overseas visitors, while also encouraging repeat and long-term guests.

Read more at Yahoo Finance: Melco Resorts & Entertainment Ltd (MLCO) Launches First Integrated Resort Hospital in Macau