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Tag Archives: Melco Resorts

China – Huge increases in Macau help drive 220 per cent increase for Melco

Melco Resorts & Entertainment generated operating revenues for the second quarter of 2023 of US$947.9m, representing an increase of approximately 220 per cent from US$296.1m for the comparable period in 2022. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments and non-gaming operations primarily due to the…

Cyprus – Melco announces City of Dreams Mediterranean is to open in Limassol on July 10

Melco Resorts & Entertainment is pleased to announce City of Dreams Mediterranean will open on Monday, July 10, 2023. Bringing a one-of-a-kind development to Cyprus, City of Dreams Mediterranean is the first integrated resort in Europe, showcasing an unparalleled array of offerings, including Europe’s grandest casino, fine dining, extensive entertainment, and the biggest expo center in Cyprus. Grant Johnson,…

China – Macau bounceback confirmed as Melco surges 51 per cent

Melco Resorts & Entertainment reported total operating revenues for the first quarter of 2023 of US$716.5m, representing an increase of approximately 51 per cent from US$474.9m for the comparable period in 2022. The increase in total operating revenues was primarily attributable to the improved performance in all gaming segments primarily due to the relaxation of…

China – Macau weighs heavy on Melco but Manila and Cyprus see growth

Melco Resorts & Entertainment generated revenues for the fourth quarter of 2022 of US$337.1m, representing a decrease of approximately 30 per cent from US$480.6m for the comparable period in 2021. The decrease in total operating revenues was primarily attributable to the heightened travel restrictions in Macau and mainland China related to COVID-19 during the quarter…

China – Macau takes huge bite out of Melco Resorts’ third quarter revenues

Melco Resorts & Entertainment reported revenues for the third quarter of 2022 of US$241.8m, representing a decrease of approximately 46 per cent from US$446.4m for the comparable period in 2021. The decrease in total operating revenues was primarily attributable to the government mandated temporary closure of our casinos in Macau in July and heightened travel…

China – Melco submits ‘detailed proposal’ in for new Macau gaming concessions

Melco Resorts & Entertainment, a developer, owner and operator of integrated resort facilities in Asia and Europe, has announced that Melco Resorts (Macau) Limited, a subsidiary of the Company, submitted its detailed proposal in relation to the public tender for new gaming concessions launched by the Macau Government in July this year. Lawrence Ho, Chairman…

Cyprus – City of Dreams Mediterranean generating revenue as Macau drains profits for Melco

Set to open in the summer of 2023, City of Dreams Mediterranean was a bright note in the overall gloom of Melco Resorts and Entertainment’s Second Quarter Earnings Call. Total operating revenues at Cyprus Casinos for the quarter ended June 30, 2022 were US$21.7m, compared to US$10.0m in the second quarter of 2021. Cyprus Casinos…

China – Studio City reduces loss as Q4 increases slightly

Melco Resorts’ Studio City casino resort located in Cotai, Macau, generated fourth quarter revenues of US$28.4m, compared to total operating revenues of US$23.7m in the fourth quarter of 2020. Total operating revenues for the fourth quarter of 2021 were US$28.4m, compared to total operating revenues of US$23.7m in the fourth quarter of 2020. The change…

Japan – Genting and Melco express disappointment over Yokohama u-turn

Melco Resorts and Genting Singapore, who were competing for a licence to build an Integrated Resort casino in the Japanese city of Yokohama have said they have been left disappointed by the new Mayor’s decision to pull the plug on the region’s bid for a casino. Melco Resorts has said whilst it is now closing…