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Where Will Melco Resorts Stock Be In 5 Years?

Where Will Melco Resorts Stock Be In 5 Years?

Shares of Melco Resorts (NASDAQ: MLCO) are 76% off their all-time high despite a massive bounce the last few weeks. Few companies have been affected by the pandemic more than Melco Resorts, which relies on the Chinese administrative region of Macao for the majority of its revenue. Restrictions in China have extended to Macao both on a policy level and from dramatically reduced travel out of China.