Welcome to our dedicated page for Studio City International Holdings American depositary shares, each representing four news (Ticker: MSC), a resource for investors and traders seeking the latest updates and insights on Studio City International Holdings American depositary shares, each representing four stock.
Studio City International Holdings Limited (symbol: MSC) is a premier gaming, retail, and entertainment resort located in Cotai, Macau. As an integrated resort, it offers a diverse range of experiences that blend luxury with high-energy entertainment.
The company operates the Studio City Casino, which boasts around 250 mass-market gaming tables, including 15 for VIP rolling chip operations, and 552 gaming machines. This makes it a significant player in the Macau gaming industry.
Beyond gaming, Studio City International Holdings Limited sets itself apart with a variety of non-gaming attractions. The resort features the world’s first figure-8 Ferris wheel, the Golden Reel, standing at approximately 130 meters high. Other notable attractions include the Batman Dark Flight, a motion ride themed around Warner Bros.' Batman, and the House of Magic, a theater showcasing live performances by some of the world's greatest magicians.
Family-friendly amenities include the Warner Bros. Fun Zone, an entertainment center filled with Warner Bros. and DC Comics characters and play rides for children, as well as the Studio City Event Center, a 5,000-seat multipurpose venue designed to host live concerts, sports events, and more.
The resort also includes luxury hotel accommodations, diverse dining options, and retail spaces, providing a comprehensive leisure experience. The majority of the company's revenue comes from the Macau region, reflecting its strong presence and influence in this significant market.
Recent Achievements and Projects:
- Opened new high-end retail spaces to enhance the shopping experience.
- Launched exclusive culinary events featuring world-renowned chefs.
- Expanded entertainment options with new live shows and attractions.
For the latest updates and media enquiries, contact Chimmy Leung, Executive Director of Corporate Communications, via phone at +852 3151 3765 or email at chimmyleung@melco-resorts.com.
Studio City International Holdings announces that its subsidiary, Studio City Company, has secured a new HK$1.945 billion (approximately US$250 million) revolving credit facility through a senior facilities agreement with a banking syndicate. The five-year facility includes an option to increase commitments by up to US$100 million. The agreement is secured and guaranteed by the Company and its subsidiaries.
Additionally, Studio City Company has amended its existing credit facilities of HK$234.0 million to align terms with the new agreement. The proceeds will be used for refinancing existing debt and general corporate purposes.
Studio City International Holdings reported its Q3 2024 financial results, showing total operating revenues of US$174.6 million, up from US$137.6 million in Q3 2023. The casino generated gross gaming revenues of US$335.5 million, compared to US$256.3 million in Q3 2023. The company achieved an Adjusted EBITDA of US$68.2 million, an improvement from US$56.3 million in Q3 2023. Despite revenue growth, the company recorded a net loss of US$21.0 million, reduced from US$28.4 million loss in Q3 2023. Total debt decreased by approximately US$60 million compared to Q2 2024.
Studio City International Holdings (NYSE: MSC), a leading integrated resort in Cotai, Macau, has announced the release date for its third-quarter 2024 unaudited financial results. The results will be disclosed on Tuesday, November 5, 2024. This announcement allows investors and stakeholders to anticipate the company's financial performance for the recent quarter.
Black Spade Acquisition II Co (NASDAQ: BSIIU) has successfully closed its initial public offering of 15,000,000 units at $10.00 per unit, raising $150 million in gross proceeds. The units, trading under 'BSIIU', consist of one Class A ordinary share and one-third of a redeemable warrant. Once separated, shares and warrants will trade as 'BSII' and 'BSIIW' respectively.
The company, a special purpose acquisition company (SPAC), is sponsored by an affiliate of Black Spade Capital , the private investment arm of Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment. Clear Street and Cohen & Company Capital Markets acted as joint book-running managers. The SPAC aims to pursue merger opportunities in the entertainment, lifestyle, and technology industries, with a focus on AI beneficiaries.
Studio City International Holdings (NYSE: MSC) reported its Q2 2024 financial results. Total operating revenues increased to US$161.5 million, up from US$115.2 million in Q2 2023. The growth was driven by Macau's tourism recovery and the ramp-up of Studio City Phase 2 operations. Studio City Casino's gross gaming revenues rose to US$339.3 million, with improvements in rolling chip volume, mass market table games drop, and gaming machine handle.
The company generated Adjusted EBITDA of US$54.2 million, compared to US$29.1 million in Q2 2023. However, Studio City reported a net loss of US$33.4 million, an improvement from the US$48.5 million loss in the same period last year. Total debt decreased to US$2.23 billion, a reduction of US$100 million from Q1 2024.
Studio City International Holdings (NYSE: MSC), a world-class integrated resort in Cotai, Macau, has announced the release date for its second quarter 2024 unaudited financial results. The company will disclose its financial performance on Tuesday, August 13, 2024.
This announcement serves as a heads-up for investors and analysts interested in Studio City's financial health and operational performance. The upcoming earnings release will provide important insights into the company's performance during the second quarter of 2024, potentially influencing stock price movements and investor sentiment.
Melco Resorts & Entertainment's Studio City has been recognized by UNESCO's Prix Versailles as one of the World's Most Beautiful Hotels. The award was given to W Macau – Studio City, a USD 1.2 billion development designed by Zaha Hadid Architects. This marks the third time Melco has received this honor since 2019, showcasing its dedication to creating culturally significant landmarks. The award highlights the hotel’s innovative architecture and commitment to sustainability, aligning with Macau's growth as a global leisure and tourism hub.
Studio City International Holdings reported unaudited financial results for the first quarter of 2024, showing total operating revenues of US$150.2 million, a significant increase from US$51.5 million in the first quarter of 2023. The improved results were due to the recovery in inbound tourism and the opening of Studio City Phase 2. Studio City Casino saw a rise in both gross gaming revenues and non-gaming revenues. Adjusted EBITDA rose to US$66.2 million from US$9.1 million in the same period last year.
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