Melco Resorts & Entertainment's (MLCO) CEO Lawrence Ho on Q1 2019 Results - Earnings Call Transcript

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Q1: 2019-05-07 Earnings Summary

EPS of $0.25 beats by $0.02
 | Revenue of $1.36B (3.72% Y/Y) beats by $23.74M

Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) Q1 2019 Earnings Conference Call May 7, 2019 8:30 AM ET

Company Participants

Richard Huang - Director of Investor Relations
Lawrence Ho - Chairman and Chief Executive Officer
Geoff Davis - Executive Vice President and Chief Financial Officer
David Sisk - Property President, City of Dreams, Macau
Kevin Benning - Chief Operating Officer & Senior Vice President, Melco Resorts & Entertainment (Philippines) Corp.
Andy Choy's - Property President of Altira Macau

Conference Call Participants

Joseph Greff - JP Morgan
Anil Daswani - Citigroup
Billy Ng - Bank of America Merrill Lynch
Harry Curtis - Instinet
Karen Tang - Deutsche Bank
Praveen Choudhary - Morgan Stanley
Jared Shojaian - Wolfe Research
Edward Engel - Macquarie

Operator

Ladies and gentlemen, thank you for participating in the First Quarter 2019 Earnings Conference Call of Melco Resorts & Entertainment Limited. At this time, all participants are in a listen-only mode. After the call, we will conduct a question-and-answer session. Today’s conference call is being recorded.

I would now like to turn the call over to Mr. Richard Huang, Director of Investor Relations of Melco Resorts & Entertainment Limited. Thank you. Please go ahead sir.

Richard Huang

All right. Thank you for joining us today for our first quarter 2019 earnings call. On the call today are Lawrence Ho; Geoff Davis; and our Property Presidents in Macau and Manila. Before we get started, please note that today’s discussion may contain forward-looking statements made under the Safe Harbor provision of federal securities law. Our actual results could differ from our anticipated results.

I’ll now turn the call over to Lawrence.

Lawrence Ho

Thank you, Richard and Hello, everybody. During the first quarter of 2019, Melco had another quarter of solid EBITDA delivery despite volatility experienced by the Macau VIP market. That was a result of

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