S&P Global: Melco unlikely to see leverage, EBITDA margin improvement this year but commitment to debt reduction promising

S&P Global: Melco unlikely to see leverage, EBITDA margin improvement this year but commitment to debt reduction promising

Intensified competition among Macau’s concessionaires and the high marketing and commission expenses it demands will likely keep Melco Resorts & Entertainment’s Adjusted EBITDA margin flat through the remainder of 2026, according to latest commentary from S&P Global Ratings. However, strong cash flow and the company’s commitment to pay down debt should show positive results from early 2027 support both margin and leverage improvement. In a Tuesd…