Melco Resorts Bracing For 'Lost' 2020 After Record-Setting Fourth Quarter

Asian and European casino operator Melco Resorts & Entertainment has reported all-time records for annual and quarterly luck-adjusted EBITDA and mass table revenue in the fourth quarter, but celebrations were muted by expectations of severe coronavirus disruption for the rest of 2020.

For Melco Resorts, 2019 was a comeback year after many quarters of decline and property renovation, bookended by a fourth quarter that defied market pressures.

“In 2019, despite macro headwinds and [protest] events in Hong Kong, we increased our Macau mass table revenues by approximately 17 percent,” company chairman and CEO Lawrence Ho told an earnings conference call on Thursday.

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