Macau gaming operator Melco Resorts & Entertainment announced net profits of $22.7 million (€20.7 million) for the second quarter, representing a 31.8 percent year-on-year increase.
Operating revenues for the group reached $1.25 billion (€1.14 billion), reflecting a decrease of approximately 6 percent compared to the second quarter of last year, according to the company led by Lawrence Ho. Operating profits between April and June reached $127.8 million (€116.6 million), up 2.5 percent from the same period in 2025.
Lawrence Ho, Chairman and Chief Executive Officer of Melco, expressed continued confidence in the long-term fundamentals of the business and the sustained recovery of Macau, noting that strategic priorities remain focused on customer engagement and expanding hospitality and entertainment offerings despite temporary quarterly challenges.
At City of Dreams, the operator’s flagship property in Macau, adjusted property EBITDA declined 34.5 percent to $147.8 million (€128.1 million). As part of property enhancement plans, the company is preparing a phased opening of the new REM hotel alongside retail reconfigurations in the third quarter of 2026.
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Studio City demonstrated resilience in the mass and family segments, posting adjusted EBITDA of $95.5 million (€87.1 million), a 9.2 percent decrease compared to the second quarter of 2025. Meanwhile, Altira Macau experienced an operational turnaround, with adjusted EBITDA more than doubling to $2.2 million (€1.91 million) on the back of higher mass market drop, which reached $134 million (€116 million).
Outside Macau, the group’s international portfolio showed positive growth. City of Dreams Manila in the Philippines recorded solid year-on-year performance, while City of Dreams Mediterranean and satellite casinos in Cyprus saw property EBITDA grow 60 percent year-on-year in the second quarter of 2026 as regional travel disruptions eased.
Macau’s total gross gaming revenue reached 126.9 billion patacas (€13.6 billion) in the first half of 2026, marking a 6.8 percent increase compared to the same period in 2025 across the territory’s six licensed operators.
