City of Dreams revenue falls

Both gambling and non-gambling revenue fell in City of Dreams.

City of Dreams, Philippine casino hub booked revenue of €1.16 billion compared with €1.30 in the same period of 2015.

The Philippines.- According to Melco International Development, the casinos hub located in the Philippines, City of Dreams, booked revenue of €1.16 billion compared with €1.30 billion in the same period of 2015. Adjusted EBITDA saw a decline of 7.6 percent to €342.34 million in the first half of 2016, in comparison to €370.47million in the same period of last year.

This fall in numbers was blamed on lower rolling chip revenues and mass market table games revenues. Rolling chip volume was €17.59 billion compared with €21.97 billion in 2015. The rolling chip win rate was 3.1 percent in the first half compared with 3 percent in 2015. The expected rolling chip win rate range is 2.7 percent to 3 percent.

Gambling machine handle dropped by 13.2 percent to €1.82 billion in the first half, from €2.10 billion in the first half of 2015. The gambling machine win rate was 3.3 percent compared with 3.8 percent in 2015. Total non-gambling revenue at City of Dreams fell to €111.46 million in the first half from €116.55 million for the same period in 2015.