TLDR Moody’s expects Melco Resorts’ revenue to grow 4.5% in 2026 to $5.4 billion, then another 4% in 2027 to $5.6 billion. Macau’s overall casino market is forecast to grow 6% in 2026 and 4% to 5% in 2027. Adjusted EBITDA is projected to rise to $1.3 billion in 2026 and $1.4 billion in 2027. Melco Resorts’ debt to EBITDA ratio is expected to fall to 5.5 times by the end of 2026 and 5.0 times in 2027. Moody’s expects the company to resume dividend payments in early 2027 and finish a $590 million stock buyback program by 2028.
Moody’s Ratings expects Melco Resorts to earn more money over the next two years.
The credit agency forecasts revenue will grow 4.5% in 2026, reaching $5.4 billion.
For 2027, Moody’s expects another gain of 4%, bringing revenue to $5.6 billion.
These numbers come from a new credit opinion on Melco Resorts Finance, a subsidiary of Melco Resorts.
The report also showed the company earned $5.2 billion over the 12 months ending in June.
Macau’s Casino Market
Moody’s expects Macau’s overall casino revenue to rise by about 6% in 2026.
Growth is expected to slow to between 4% and 5% in 2027.
The agency pointed to more visitors from mainland China as a reason for the growth.
Melco Resorts is expected to hold close to 15% of Macau’s gaming market.
Concerts, sports events, and other shows are expected to keep drawing tourists to the region.
A new hotel at the company’s City of Dreams resort is also seen helping growth. Rooms there are opening in stages.
Profit And Debt Levels
Moody’s projects Melco Resorts’ adjusted EBITDA, a measure of profit, will reach $1.3 billion in 2026.
That would be up from $1.25 billion in 2025. EBITDA is expected to