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Tag Archives: Studio City

China – Melco celebrates construction milestone with Studio City Phase Two topping out ceremony

Melco Resorts & Entertainment, a leading global developer, owner and operator of integrated resort facilities, today held a topping out ceremony and unveiled the design concept for the highly anticipated Studio City Phase 2, scheduled to complete before end of December 2022. The Ceremony was hosted by Lawrence Ho, Chairman and CEO of Melco Resorts…

China – Studio City to cease VIP gaming with tables likely to move to Morpheus

Macau casino operator Melco Resorts and Entertainment has confirmed it will cease offering VIP gaming at its Studio City casino in Cotai on January 15 in 2020. The casino originally opened as a mass only gaming floor in 2015 before decding it needed VIP customers just over a year later. Analysts believe the VIP tables…

Macau – Melco continues path towards Studio City IPO

Macau operator Melco has confirmed it is making progress towards launching an Initial Public Offering of shares in Studio City, its cinema-themed casino resort on Cotai. Melco Resorts owns 60 per cent of Studio City with the rest being owned by New Cotai. Melco Resorts stated: “Studio City, the Hollywood-inspired, cinematically-themed integrated entertainment, retail and…

China – Melco launches Macau’s first ever E-sports Stadium

Melco Resorts has launched Macau’s first ever E-sports venue, Macau EStadium, at Melco’s integrated resort Studio City in partnership with Kowloon E-Stadium and ALL-IN E-Sports. The Macau EStadium is a high-performance event space that can seat up to 274 guests and is equipped with cutting-edge advanced technology that will cater to top-tier E-sport tournaments, virtual…

China – Melco partners with Garena to bring eSports to Macau

Melco Resorts & Entertainment has partnered with digital entertainment platform Garena to host the 2018 League of Legends Master Series (LMS) Spring Final at Studio City Macau. Realising Melco’s mission to shape the future of entertainment, the LMS tournament was held in Macau yesterday for the first time as one of the enclave’s largest eSports…

China – Analysts confused by Studio city IPO

In a move that has confused analysts, Melco International will lessen its ownership in its Macau casino Studio City by floating part of its shares in the US. Its motives are not yet known although analysts believe it could be to raise money to complete phase 2 of the Macau casino. Having seen its joint…

China – S&P adds to speculation that Studio City could default

Credit-debt watcher Standard & Poor (S&P) Global Ratings has lowered its outlook on Melco Crown Entertainment’s fledgling Macau casino Studio City to negative amid speculation that the group could default on a US$1.41bn loan. The move by S&P came as Melco Crown officials looked to separate financial links between its various assets. A statement from…

China – Studio City helps Melco Crown to grow

The inclusion of new casino Studio City as well as an increase in City of Dreams Manila helped Melco Crown Entertainment deliver revenue for the second quarter of US$1,070.4m, representing an increase of approximately 17 from last year’s figures. The increase in net revenue was primarily attributable to the net revenue generated by Studio City,…

China – Studio City lifts the lid on world’s largest HD casino video system

The lid has been lifted on the surveillance levels deployed at Melco Crown’s Studio City with security specialist Dallmeier describing it as the largest full HD casino video system in the world, involving several thousand IP cameras. The entire video security system is based on IP technology and delivers outstanding full HD image quality throughout….