Is Melco Resorts Stock a Buy?

This Macau casino operator may have a lucky hand. Shares of Melco Resorts & Entertainment (MLCO -1.26%) 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 profitabili ...