Melco's profits in Macau rise 31.8% in the second quarter

The gaming operator Melco Resorts and Entertainment, based in Macau, announced a 31.8% increase in its net profits for the second quarter of the year. Profits reached $22.7 million, equivalent to €20.7 million.

This growth is compared to the same period last year, reflecting a recovery in the gaming industry in Macau. The company's overall revenues also performed positively, driven by an increase in gaming volume and the recovery of tourism in the region.

Melco is one of the leading gaming operators in Macau, and its financial results are often seen as an indicator of market performance in the area.