Melco Resorts Q2 EBITDA Reinvestment Likely Weak

JP Morgan Securities LLC lowered its earnings before interest, taxation, depreciation and amortization (EBITDA) estimate for Melco Resorts & Entertainment, Inc. in the second quarter of 2024. The agency currently expects Melco Resort’s property-level EBITDA to be $336 million, down from its previous estimate of $313 million. Of the latest quarterly group-wide property-level EBITDA estimate