Studio City Announces Earnings Release Date

Rhea-AI Summary

Studio City International Holdings Limited (NYSE: MSC) will release its fourth quarter and full year financial results for 2021 on March 1, 2022. The press release emphasizes the company's commitment to transparency and adherence to regulatory frameworks. Key factors affecting results include the ongoing COVID-19 pandemic, market growth in Macau, capital market conditions, and regulatory changes in the gaming sector. The company acknowledges potential risks impacting its business outlook and emphasizes the importance of government approvals and market conditions.

Positive

• Anticipated release of fourth quarter and yearly results may boost investor confidence.
• The company is backed by strong shareholder support from Melco Resorts & Entertainment.

Negative

• Ongoing impact of the COVID-19 pandemic poses risks to business operations.
• Market volatility and economic conditions could adversely affect financial outcomes.
• Regulatory uncertainties in Macau gaming laws could hinder growth strategies.

MACAU, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC), a world-class integrated resort located in Cotai, Macau, today announces that it will release its unaudited financial results for the fourth quarter and year ended December 31, 2021 on Tuesday, March 1, 2022.

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 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, (vii) proposed amendments to the gaming law in Macau, the extension of current concessions and subconcessions and tender for new gaming concessions, and (viii) 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:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email: JeannyKim@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 MSC release its financial results for 2021?

Studio City International Holdings Limited (MSC) will release its financial results for the fourth quarter and year ended December 31, 2021 on March 1, 2022.

What factors could impact MSC's financial results?

Key factors include the ongoing COVID-19 pandemic, gaming market growth in Macau, capital market volatility, and regulatory changes.

How is the pandemic affecting MSC?

The COVID-19 pandemic continues to impact MSC's business operations and overall market conditions.

What risks does MSC face regarding regulatory changes?

MSC faces risks related to potential amendments in gaming laws in Macau, which could affect its business strategies and operations.