Macau casino operator Melco Resorts and Entertainment announced that its net profits more than doubled in the first quarter of 2026, reaching 76.8 million dollars (65.5 million euros). This represents a 136% increase compared to the 32.5 million dollars recorded during the same period in 2025. The company, led by Lawrence Ho, reported that operating revenues rose to 1.37 billion dollars, an 11% climb from the previous year’s first-quarter figure of 1.23 billion dollars.
Operating profits for the group also saw significant growth between January and March, hitting 179 million dollars, a 23.5% rise over the 144.9 million dollars earned in the first quarter of 2025.
Read more about this topic: Macau: suspicious transactions in casinos rise 11.8%
This individual success mirrors a broader upward trend in Macau, the world’s gambling capital and the only region in China where casino gaming is legal. Total gaming revenue for all operators in Macau surged to 65.9 billion patacas (approximately 7.45 billion euros) in the first three months of the year, marking a 14.3% annual increase.
Melco is one of six major concessionaires—alongside MGM, Galaxy, Venetian, Wynn, and SJM—that began operating under new ten-year contracts on January 1, 2024. The strong financial performance highlights the continued recovery and expansion of the gaming sector in the territory following the renewal of these vital concessions.
