A vaccine will end the pandemic, encouraging travel, and boosting attendance at resorts -- or so the theory goes.

Shares of Asian casino giant Melco Resorts (NASDAQ: MLCO) jumped an impressive 27.6% in April, according to data provided by S&P Global Market Intelligence, as investors flooded back to the casino industry. Melco Resorts has been relatively quiet since the COVID-19 crisis broke out, so last month's move wasn't driven by any company-specific news event. One big tailwind is that the market overall is up big over the past month, and a volatile casino stock like Melco Resorts is going to magnify those gains.

Decline in traffic due to the coronavirus-induced shutdowns is likely to get reflected in Melco Resorts' (MLCO) first-quarter revenue results.

MACAU, March 31, 2020 -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class gaming, retail and entertainment resort located.

Image source: The Motley Fool. Melco Resorts & Entertainment Limited (NASDAQ: MLCO)Q1 2020 Earnings CallMay 14, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by.

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday. The flamboyant tycoon, who loved to dance and advised his nearest and dearest to shun gambling, headed one of the world's most lucrative gaming businesses through his flagship firm, SJM Holdings Ltd, valued at about $6 billion. Ho oversaw the transformation of once-sleepy Macau into the world's biggest casino centre, outpacing the United States' Las Vegas strip, and held a monopoly until 2002 when the enclave licensed five other operators to run casinos.

Macau is likely to record revenue decline in 2020. The coronavirus crisis is hurting the industry in other parts of the world as well.

MACAU, May 08, 2020 -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO), a developer, owner and operator of casino gaming and entertainment casino resort facilities in.

Today we'll take a closer look at Melco Resorts & Entertainment Limited (NASDAQ:MLCO) from a dividend investor's...

The affected ratings are (1) MRF's Ba2 corporate family rating (CFR) and senior unsecured ratings; (2) Studio City Finance's B1 CFR and B2 senior unsecured rating; and (3) Studio City Company's Ba3 backed senior secured rating. The outlooks for the three entities have been revised to negative from ratings under review.

MACAU, May 14, 2020 -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class gaming, retail and entertainment resort located in.

MACAU, May 14, 2020 -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner and operator of casino gaming and entertainment.

Those holding Melco Resorts & Entertainment (NASDAQ:MLCO) shares must be pleased that the share price has rebounded...

Casino giant Caesars’ mountains of debt raises uncertainty about its pending merger with Eldorado (ERI) amid the pandemic, says Dan Wasiolek, senior equity analyst at Morningstar.

Blackstone Group Inc. (NYSE: BX), a private equity company, has purchased a 10% stake in Australia based casino operator Crown Resorts, leading to a sharp spike in Crown's shares.What Happened Blackstone acquired the stake from Macau based Melco Resorts & Entertainment Ltd. (NASDAQ: MLCO) sending shares of Crown Resorts Ltd. (OTC: CWLDF) soaring on hopes of a buyout. After the sale was completed, Melco exited its positions in Crown, in line with casino companies globally who are reigning in spending to mitigate the fallout from the coronavirus shutdowns, reported Reuters.Blackstone has emerged as a large shareholder in Crown, second-only to its billionaire founder James Packer. Speculation is rife that Blackstone, with its $570 billion assets under management, could buy more or even all of Crown Resorts. Packer's earlier bid to sell 37% of his stake to Melco was stymied by regulatory hurdles.Why It Matters Blackstone picked up 67.7 million shares from Melco at $5.33 each, putting the value of the transaction at $359.04 million.Crown's shares have fallen 21% since February 20 when restrictions on movement were mandated, severely impacting industries in public entertainment and tourism, according to Reuters.James McGlew, executive director of corporate stockbroking at Argonaut, told Reuters, "The sale has certainly stoked the fire of perceived corporate activity in Crown." He believes that COVID-19 has so weakened the casino and resort sector, its constituents are now easier to "track" as is prey in big game hunting.Price Action Crown Resorts OTC shares rose 30.43% at $6, the company's shares closed 11.6% higher at $6.25 on Tuesday in Sydney.Blackstone shares traded 0.37% higher at $51.59 in the after-hours session on Tuesday. The shares had closed the regular session 0.019% higher at $51.40.See more from Benzinga * Netflix Working On 'Social Distance,' A New Show From The Maker Of 'Orange Is The New Black' * Tesla Vehicles Will Now Recognize Traffic Lights And Stop Signs With Updated Software * Gates Foundation Entire Focus Now On Fighting COVID-19: Barron's(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Concerns over the coronavirus pandemic continues to hurt the gambling stocks. Moreover, Las Vegas Sands (LVS) abandons its pursuit of Integrated Resort (IR) development in Japan.

Last week, you might have seen that Melco Resorts & Entertainment Limited (NASDAQ:MLCO) released its first-quarter...

Melco (MLCO) delivered earnings and revenue surprises of -22.03% and 28.42%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Private equity company Blackstone Group Inc bought a near 10% stake in Australian casino operator Crown Resorts Ltd from Macau's Melco Resorts & Entertainment Ltd, sending Crown shares soaring amid hopes of a buyout. The deal accomplishes Melco's plan to exit its Crown holdings as casino companies around the world rein in spending to cope with a shutdown to slow the spread of the coronavirus. Blackstone's purchase makes the private equity investor the second-largest holder in Crown after the company's billionaire founder James Packer.

Melco (MLCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.