Financial News
News covering financial aspects of the betting and gambling industry, concerning loans, shares, property sales and general gaming company finances.
Melco's Q3 report shows operating loss of $198.5m
Melco Resorts & Entertainment has posted its Q3 report for 2022, which showed a striking 46% drop in total revenue.
The financial statement revealed that Melco made $241.8m in the three months ending in September – a dire decline on the $446.4m for the same period in 2021.
Looking deeper, the Q3 report revealed more pain for Melco, as its adjusted EBITDA was negative $34.9m – compared to $31.9m in Q3 2021. Meanwhile...
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Praxis Tech
Praxis Tech, founded in 2014, has emerged as a leader in the payment technology space with its innovative Payment Orchestration Platform, which is redefining how businesses manage their global p...
Praxis Tech, founded in 2014, has emerged as a leader in the payment technology space with its innovative Payment Orchestration Platform, which is redefining how businesses manage their global p...
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