Melco announces 30% decrease in Q4 2022 earnings

Melco Resorts & Entertainment has reported a 30% drop in revenue year-on-year. Melco revealed that its total operating revenues for Q4 2022 were $337.1m. This is a loss of $143.5m from the comparable period in 2021, which had a total of $480.6m in total operating revenue. Lawrence Ho, Chairman and CEO of Melco, explained: “Our results for the fourth quarter of 2022 continued to be impacted by the travel restrictions imposed across mai...