Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2022

Rhea-AI Summary

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.

Positive

• None.

Negative

• Potential risks from COVID-19 outbreaks affecting business operations.
• Uncertainties related to the newly adopted gaming law in Macau.
• Market volatility potentially impacting financial performance.

MACAU, March 31, 2023 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022. The annual report can be accessed under the Annual Reports section on the Company’s investor relations website at https://ir.studiocity-macau.com/annual-reports.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests can be made through the Information Request section on the Company’s investor relations website at https://ir.studiocity-macau.com/document-request.

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) COVID-19 outbreaks, 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) changes in 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 majority owned by 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 did Studio City file its annual report for fiscal year 2022?

Studio City filed its annual report on Form 20-F on March 31, 2023.

How can shareholders access Studio City's annual report?

Shareholders can access the annual report on Studio City's investor relations website.

What is the significance of the forward-looking statements in Studio City's press release?

The forward-looking statements indicate potential risks and uncertainties that could impact the Company's future performance.

What are the main risks mentioned in Studio City’s annual report?

Main risks include COVID-19 impacts, changes in gaming laws in Macau, and capital market volatility.

Is there a way for shareholders to receive a hard copy of the annual report?

Yes, shareholders can request a hard copy of the annual report free of charge through the Company's website.