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Why Melco Resorts & Entertainment Stock Jumped 11.5% on Wednesday

Why Melco Resorts & Entertainment Stock Jumped 11.5% on Wednesday

What happened Shares of Melco Resorts & Entertainment (NASDAQ: MLCO) jumped as much as 11.5% in trading on Wednesday after the Asian casino giant reported second-quarter 2021 financial results. Shares of the entertainment stock closed the day up 10%.