Studio City Announces Earnings Release Date

Rhea-AI Summary

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.

Positive

• None.

Negative

• Potential risks from the ongoing COVID-19 pandemic affecting business performance.
• Concerns regarding the implementation of the newly adopted gaming law in Macau.

MACAU, Aug. 16, 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 second quarter of 2022 on Thursday, August 18, 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) risks associated with the newly adopted gaming law in Macau and its implementation by the Macau government, (iii) growth of the gaming market and visitations in Macau, (iv) capital and credit market volatility, (v) local and global economic conditions, (vi) our anticipated growth strategies, (vii) gaming authority and other governmental approvals and regulations, 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 second quarter financial results for 2022?

MSC will release its second quarter financial results on August 18, 2022.

What is the significance of the new gaming law for MSC?

The newly adopted gaming law in Macau poses potential risks that may impact MSC's business operations and growth.

How does COVID-19 affect MSC's financial performance?

The ongoing COVID-19 pandemic continues to pose risks and uncertainties that could materially affect MSC's financial results.