Melco Resorts & Entertainment is an integrated resort operator that owns and operates gaming and hospitality properties across Asia and Europe, including City of Dreams properties in Macau, the Philippines, Cyprus, and Sri Lanka, along with Studio City in Macau. The company generates revenue from casino gaming (table games and electronic gaming machines), luxury hotel accommodations across multiple branded properties, and non-gaming amenities including fine dining, entertainment shows, retail, and leisure facilities. Its customers are primarily high-end leisure and gaming patrons from mainland China and international visitors, with revenue concentrated in Macau but increasingly diversified across multiple geographic markets, all subject to gaming licenses and regulatory compliance requirements in each jurisdiction.