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online slots real money paMorpheus will be City of Dreams’ fifth hotel tower.(Image: Bloomberg)In a filing with the US Securities and Exchange Commission, Melco Resorts CFO Geoffrey Davis explained that the company’s board of directors have approved of the stock buyback plan.Melco Resorts has been a rather volatile stock over the past five years on NASDAQ.Wynn Resorts derives three-quarters of its revenue from the Asian gambling hub.Melco Resorts announced this week that it plans to purchase 0 million worth of its issued stock over the next three years.When public entities look to repurchase their own shares, it usually signifies the company has cash on hand and a bullish market outlook.mgm casino new york city