Studio City International Holdings Limited American depositary shares, each representing four - MSC STOCK NEWS

MSC Cruises has commenced year-round sailings from New York City, marking its third U.S. homeport. The megaship MSC Meraviglia will operate itineraries to popular destinations including The Bahamas, Florida, Bermuda, Canada, and New England. This significant move is expected to create up to 10,000 full-time equivalent jobs and attract over 200,000 visitors annually, generating more than $102 million in local spending. The launch underscores MSC's commitment to the U.S. market and aims to enhance economic growth in the region.

Studio City International Holdings Limited (NYSE: MSC) filed its annual report on Form 20-F for the fiscal year ending December 31, 2022. This report includes audited consolidated financial statements and is accessible on the Company’s investor relations website. Shareholders and ADS holders can request a hard copy of the report free of charge. Forward-looking statements are included, highlighting risks such as COVID-19 impacts, changes in gaming laws in Macau, and other economic uncertainties. Studio City is a premier integrated resort in Macau, majority-owned by Melco Resorts & Entertainment.

Studio City International Holdings Limited (NYSE: MSC) reported its unaudited financial results for Q4 and full year 2022. Total operating revenues for Q4 2022 were US$4.2 million, a decline from US$28.4 million in Q4 2021, mainly due to COVID-19 travel restrictions. The casino generated gross gaming revenues of US$40.9 million, down from US$91.1 million year-over-year. The operating loss increased to US$70.0 million in Q4 2022 from US$45.0 million in Q4 2021, and net loss for the quarter was US$85.4 million, up from US$53.9 million. For 2022, total revenues were US$11.5 million, down from US$106.9 million in 2021. Although full recovery is uncertain, Phase 2 of Studio City is expected to open in Q2 2023.

Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q4 and the fiscal year ending December 31, 2022, on March 1, 2023. The forthcoming report will provide insights into the company’s financial performance amid ongoing challenges such as COVID-19 and the newly adopted gaming law in Macau. As a key player in the integrated resort sector, Studio City operates in a competitive environment that can impact visitation and revenue trends. Detailed analyses will be available in the upcoming report, addressing the company's growth strategies and financial stability.

Studio City International Holdings Limited (NYSE: MSC) reported negative total operating revenues of US$2.8 million for Q3 2022, down from US$18.7 million in Q3 2021. The decline was mainly due to temporary casino closures and heightened travel restrictions amid COVID-19. Gross gaming revenues dropped to US$20.6 million from US$85.0 million year-over-year. Operating loss expanded to US$72.5 million, and net loss rose to US$85.2 million. Cash balances increased to US$620.7 million, while total debt reached US$2.43 billion.

Studio City International Holdings Limited (NYSE: MSC) will announce its unaudited financial results for Q3 2022 on November 2, 2022. The company operates an integrated resort in Cotai, Macau, and is supported by its largest shareholder, Melco Resorts & Entertainment. The press release mentions the impact of the COVID-19 pandemic, local gaming law changes, and overall market conditions as factors that could affect future performance. Investors should be aware of potential risks that may lead to discrepancies between projected and actual results.

Studio City International Holdings Limited (NYSE: MSC) reported a total operating revenue loss of US$1.9 million for Q2 2022, a sharp decline from US$31.2 million in Q2 2021. COVID-19 restrictions significantly impacted casino operations, leading to a net loss of US$85.6 million, versus US$59.7 million a year prior. Adjusted EBITDA dropped to negative US$40.2 million. Despite these challenges, total cash and bank balances increased to US$812.7 million. The company remains optimistic about a recovery in Macau tourism and continues development on Studio City Phase 2, extending the project deadline to June 30, 2023.

Studio City International Holdings Limited (NYSE: MSC) announced it will release its unaudited second quarter financial results for 2022 on August 18, 2022. The company operates a premier integrated resort in Cotai, Macau, and is partially owned by Melco Resorts & Entertainment. As it prepares to disclose its financial performance, the company has indicated potential risks affecting results, including ongoing COVID-19 impacts and the new gaming law in Macau. Investors are advised to stay informed about the potential implications on the gaming market and the company’s future growth strategies.

Studio City International Holdings Limited (NYSE: MSC) announced an extension of its gaming operator's subconcession until December 31, 2022, in alignment with Macau's gaming regulations. This extension includes an agreement for the gaming areas to revert to the Macau government upon expiration, without compensation. Additionally, amendments were made to operational agreements to comply with new gaming laws, easing certain shareholding conditions. These changes may stabilize operations amid evolving regulations and economic conditions in Macau.