Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

I am a 25+ year c-level executive of the casino industry in operations, marketing, international development and strategic planning. Currently, a consultant specializing in the casino space. Industry expert contributor and publisher of a subscription letter called "The House Edge". Extensive experience in marketing and development in the Asian gaming market while a senior executive at Caesars, Ballys Grand and Trump Taj Mahal.
Part of senior executive teams that valued acquisitions and mergers with companies in the casino, hotel, d entertainment rant  and restaurant space.

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

Melco Resorts & Entertainment / Equity Bottom-Up

<ul>
<li>Much of Melco's 2Q earnings miss was due to mandated accounting standards reporting and unlucky play in VIP.</li>
<li>2Q total revenue increases in mass were positive. The new Morpheus Tower opened with 100% comped occupancy, a smart marketing strategy to introduce the property to high-value players.</li>
<li>Melco's global outlook: Pop up casino in Cyprus gains momentum after a slow start, major IR develo[pmment project will be first to service EU and Mideast markets.</li>
</ul><p>Note: All amounts shown in USD</p><p>We all trade…</p>


Much of Melco's 2Q earnings miss was due to mandated accounting standards reporting and unlucky play in VIP.
2Q total revenue increases in mass were positive. The new Morpheus Tower opened with 100% comped occupancy, a smart marketing strategy to introduce the property to high-value players.
Melco's global outlook: Pop up casino in Cyprus gains momentum after a slow start, major IR develo[pmment project will be first to service EU and Mideast markets.
Note: All amounts shown in USDWe all trade…

Melco Resorts:  A Disproportionate Hit on 2Q Results and Lower Macau GGR Creates a Smart Entry Point