Melco Resorts and Entertainment Ltd (MLCO)

[marirstk]

EGT is paying down the 9+ million dollar in debt starting july 2011 and will be 0 dollars in debt by end of 2012. Don't you think so that the book value should go up by 9+ million dollar as the debt goes to zero. The management has done every possible right step to right the company in the right direction.

New casino licenses have been acquired which are difficult to acquire in the cambodia and thailand areas. Naga World , the prime revenue source is growing quarter after quarter.

Phillipines PAGCOR revenue sharing agreement reached recently (35%) is a huge plus which was not reflected in last quarter results. The next quarter will reflect those numbers. The new casino's - KAMPOT and Palin CAPEX has been already spent from the cash flow. The profit is yet to be materialized. So the above positive factors are not being reflected in the current price. EGT traded at these levels 3 years back when there was not even a positive EBITDA/quarter. Revenue was not even 16 million dollars 2.5 years back.

So i strongly believe EGT is about to launch higher above the 3 year base to 1+ dollar in the next 1-3 months when the new casino's are going to be opened.

Good luck to all your investments.

The revenue has been stabilizing around 24-26 million dollars/year.
EBITDA has been 1+ million dollar approximately /quarter.