Melco Resorts’ Studio City in Macau. More Melco CatalystsThere’s no denying Melco has frustrated investors, shedding 56.32% of its value over the past three years. However, some analysts believe this is one of the more catalyst-rich Macau casino stocks. The firm has reduced its net debt to USD 5.60 billion as of end-2025, from USD 5.9 billion a year ago,” concludes Song. “As of end-2025, Melco has around USD 1.2 billion in cash and USD 1.2 billion of credit facilities available, totaling USD 2.4 billion.