Macau, China, Aug. 1, 2025 (Lusa) - Macau gambling operator Melco announced second quarter net profits of $17.2 million (€15.1 million), reflecting a 24.4% decrease compared with the same period in 2024.

Overall, Melco Resorts & Entertainment reported a 14.5% increase in total operating revenue compared to the same quarter in 2024, to $1.33 billion (€1.16 billion), and a 16.2% increase in gaming revenue to $1.1 billion (€960 million) between 1 April and 30 June 2025, driven by the strong performance of casinos and resorts in Macau.

Operating profit in the second quarter of 2025 was $124.7 million (€109.2 million), compared to $123.7 million (€108.3 million) in the second quarter of 2024.

Adjusted EBITDA was $377.7 million (€330.5 million) in the second quarter of 2025, compared to $302.8 million (€265.2 million) in the second quarter of 2024.

Lawrence Ho, Melco’s chairman and chief executive officer, quoted in the operator’s statement, stressed that “Macau Property EBITDA grew 35% year-on-year and 13% quarter-on-quarter.”

On the other hand, the government official added, “gaming volumes and revenues increased, with City of Dreams Macau and Studio City setting new records in mass market table game revenues.”

Lawrence Ho further emphasised that the company supported this performance through increases in cost efficiency, leading to stronger margins. “We are confident that the strategic initiatives we have implemented have provided us with a solid foundation for continued growth,” he said.

The world’s gaming capital, Macau, is the only place in China where casino gaming is legal. Six concessionaires operate in the territory, whose concession agreement for the next ten years came into effect on 1 January 2023. Gaming taxes are the main source of revenue for the territory’s government.

APL/ADB // ADB.

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