Luis Ricardo Chinchilla's questions to Melco Resorts & Entertainment Ltd (MLCO) leadership • Q2 2025
Question
Luis Ricardo Chinchilla from Deutsche Bank asked about the competitive environment in Macau, particularly in response to a competitor increasing reinvestment, and questioned if there were opportunities for further cost optimization.
Answer
Chairman and CEO Lawrence Ho Yau Lung stated that Melco competes on differentiated product and service, not just on reinvestment rates. President & Director Evan Winkler added that while they monitor competitors, their strategy remains 'business as usual.' On costs, EVP & CFO Geoffrey Stuart Davis confirmed the ~$3 million daily OpEx target for Macau is a good run-rate for Q3, and Winkler noted they feel good about the current expense base with no immediate plans to increase it.