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Melco Expects to Resume Quarterly Div. by End-2026
2025-11-07 10:05:50 Melco Resorts & Entertainment (MLCO.US) disclosed that a decision regarding the potential sale of its 50% stake in City of Dreams Manila has not yet been finalized. The final decision is expected by the end of the year, following the completion of a strategic review. In addition, Geoff Davis, Melco's executive vice president and CFO, revealed that the debt issues arising during the three challenging years of the COVID-19 pandemic have been partially addressed. The company repaid USD180 million in debt in 3Q and plans to repay another USD180 million in October and November. Debt reduction will remain Melco's top priority, Davis stressed. The company intends to adopt a more balanced approach in using free cash flow next year, with the goal of potentially resuming quarterly dividends by the end of 2026. ~ AAStocks Financial News Web Site: www.aastocks.com | |