Casino operator Melco Resorts and Entertainment Ltd will be able to generate “slightly positive free cash flow after interest and capital expenditure”
In a note posted on the Smartkarma platform, Mr Law noted that Melco Resorts management provided guidance expected to be US$285 million to $305 million in 2023 capital expenditures. According to Lucor’s memo, it consisted of US$60 million to $65 million for gaming monopolies in the Republic of Cyprus, building a resort called City of