Studio City Announces Earnings Release Date

Rhea-AI Summary

Studio City International Holdings Limited (NYSE: MSC) will release its unaudited financial results for Q4 and year-end December 31, 2020, on February 25, 2021. This announcement follows the company’s strategic positioning as a key player in the integrated resort sector located in Cotai, Macau.

In addition, the company highlights risks related to COVID-19 and economic conditions affecting performance, along with forward-looking statements about its growth strategies and market conditions.

Positive

• Strong support from its largest shareholder, Melco Resorts & Entertainment Limited.

Negative

• Risks related to COVID-19 impacting business performance.
• Volatility in capital and credit markets affecting operations.

MACAU, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC), a world-class integrated resort located in Cotai, Macau, today announces that it will furnish its unaudited financial results for the fourth quarter and year ended December 31, 2020 on Form 6-K with the U.S. Securities and Exchange Commission (“SEC”) on Thursday, February 25, 2021.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) the global pandemic of COVID-19, caused by a novel strain of the coronavirus, and the continued impact of its consequences on our business, our industry and the global economy, (ii) growth of the gaming market and visitations in Macau, (iii) capital and credit market volatility, (iv) local and global economic conditions, (v) our anticipated growth strategies, (vi) gaming authority and other governmental approvals and regulations, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

About Studio City International Holdings Limited

The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com.

The Company is strongly supported by its single largest shareholder, Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO).

For the investment community, please contact:
Timothy Mazik
Tel: +852 2598 3516
Email: timothymazik@melco-resorts.com

For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

 

FAQ

When will Studio City International Holdings Limited announce its Q4 2020 financial results?

Studio City International Holdings Limited will announce its Q4 2020 financial results on February 25, 2021.

What are the key risks mentioned in the MSC press release?

The key risks include the impact of COVID-19, market volatility, and economic conditions.

What is the market position of MSC as stated in the press release?

MSC is positioned as a world-class integrated resort located in Cotai, Macau.

Who is the largest shareholder of Studio City International Holdings Limited?

The largest shareholder is Melco Resorts & Entertainment Limited.