Melco returns to derive earnings as Macau recovery drives earnings up in Q1.
Melco Resorts & Entertainment returned to a net profit in Q1 as ongoing recovery in Macau helped push group revenue up 55.2% year-on-year to $1.11bn (£887.2m/€1.04bn). Macau has bounced back since reopening in full last January when all remaining pandemic measures were dropped. Melco referenced this as one of the main reasons behind full-year growth in 2023