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>Like all Macau sector gaming stocks, Melco rises and falls on every little piece of news whether bullish or bearish due to the high visibility of the sector in general.</li>
<li>Macau GGR trends are moving north, Melco's Manila property is still on lockdown, but could well be reopened before the end of 2Q21.</li>
<li>Fundamentals of the stock suggest an intrinsic value ~$24 a share. But this is a momentum play in which Melco has much more run room as Macau arrivals increase. </li>
</ul>


Like all Macau sector gaming stocks, Melco rises and falls on every little piece of news whether bullish or bearish due to the high visibility of the sector in general.
Macau GGR trends are moving north, Melco's Manila property is still on lockdown, but could well be reopened before the end of 2Q21.
Fundamentals of the stock suggest an intrinsic value ~$24 a share. But this is a momentum play in which Melco has much more run room as Macau arrivals increase. 


Melco Resorts & Entertainment Ltd:  Go Overweight as Stock Remains Cheap as Macau Arrivals Rise