Melco outlines $1.37bn in Q1 operating revenues, up 11%
City of Dreams was Melco’s primary revenue driver over the first quarter, with rises recorded across the board.
2 min read • Apr 30 • By
Will Underwood
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SmartSoft
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DYG
bet365 Partners
GR8_TECH
Linebet
Imagine Live
Global Gaming Awards
Z-Gaming
JDB Gaming
Vegangster
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Bally’s Intralot
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Galaxsys
BetConstruct
Logifuture
GammaSweep
GammaPlus
AMATIC Online
Euro Games Technology
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City of Dreams was Melco’s primary revenue driver over the first quarter, with rises recorded across the board.
Federal revenue from betting more than doubles year-on-year following implementation of sector regulation.
The real estate investment trust also unveiled an expansion to its strategic relationship with Cain and Eldridge Industries, providing a $1.5bn mezzanine loan for construction financing.
The operator managed to generate $82.7m of net income during the first quarter of 2026, also witnessing a 1.2% year-over-year decrease in adjusted EBITDA for a total of $212.6m.
The operator’s Las Vegas Strip resorts segment increased revenue by 0.2% to $2.2bn, representing the first year-over-year increase for Las Vegas operations since Q3 2024.
The supplier released 27 games during the quarter and added Connecticut to its regulated US market access.
The supplier maintained its 2026 adjusted EBITA guidance despite a new Colombia tax headwind expected to reduce revenue by about €4m.
The figures represent increases of 41% and 134%, respectively, while the operator also managed to set a quarterly record in adjusted EBITDA after witnessing 81% growth to $60.2m.
Despite reporting a 2.7% net revenue increase for Q1 2026, the operator witnessed stagnant results from its Las Vegas segment, which generated just over $1bn during the quarterly period.
Total revenue for the quarter was €347m ($296.9m), up 11% year-on-year, while the company reported a €6m loss for the period.