Shares of Melco Resorts Entertainment (NASDAQ: MLCO) have been on a hot streak rallying more than 40% in the past month.
The casino operator is benefiting from a recovery in gaming activity and visitor traffic to the Chinese administrative region of Macau where it generates the bulk of its business. Following several years of pandemic-era disruptions, it appears the company is finally moving forward.
With a path for long-term growth and climbing profitability, the setup here is positive, but is that enough to consider investing in Melco Resorts Entertainment today?
Source Fool.com