Melco Resorts & Entertainment Limited (NASDAQ:MLCO) saw an 11.5% rally after JP Morgan raised the price target to $11. Fiscal Q3 2025 earnings showed total operating revenues of $1.31 billion, up 11% from the previous year. Macau Property EBITDA increased by 21% year-over-year with stable margins.

Chairman Lawrence Ho reported strong growth in Macau and other locations, with Property EBITDA rising 45% in the Philippines. Melco Resorts (MLCO) operates casinos in Macau, including City of Dreams and Studio City. The company’s satellite casinos in Cyprus also showed significant growth in EBITDA.

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Read more at Yahoo Finance: JP Morgan Lifts PT on Melco Resorts & Entertainment Limited (MLCO) to $11 From $10.50