Melco casinos lose $331m on pandemic hangover, VIP deadbeats
Casino operator Melco Resorts & Entertainment (MRE) lost over $331m in the third quarter of 2020, with only its Manila and Cyprus operations reporting positive earnings. Figures released Thursday show MRE generated revenue of $213m in the three months ending September 30, an 85% decline from the same period last year. The company reported negative…