Melco Resorts President sells US$3.8m in Company Shares

Melco Resorts & Entertainment Ltd has confirmed that its president and director, Evan Winkler, sold 390,000 shares of the company’s common stock on December 30, grossing approximately US$3.8 million. The transaction was disclosed in a regulatory filing by the US-listed casino operator.

According to the filing, the shares sold had been awarded to Winkler in March 2023 under Melco Resorts’ stock incentive plan. Following the sale, he remains the beneficial owner of more than 1.27 billion shares in the company, maintaining a significant equity position.

Winkler has served as president of Melco Resorts since September 2019. He is also president and managing director of Melco International Development Ltd, the parent company of Melco Resorts, and joined the group in 2016. The company did not indicate that the share sale reflected any change in management responsibilities or strategic direction.

The disclosure comes amid a period of improved financial performance for Melco Resorts. In November, the company reported that net income attributable to the group rose by 174 percent year on year in the third quarter, reaching nearly US$74.7 million. The improvement reflected stronger operating conditions across key markets.

Melco Resorts operates integrated casino resorts in Macau, maintains a casino presence in Manila, and runs several gaming properties in the Republic of Cyprus. During the third quarter, the group also launched a new casino in Colombo, Sri Lanka, expanding its international footprint.

The disclosed share sale provides transparency on insider transactions at a time when investors are closely monitoring executive activity, earnings performance, and geographic expansion among major global casino operators.