According to the company’s CFO, October’s numbers show a slight recovery.<\/p>\n\n\n\n\n\n\n\n
Macau.- Despite a continued drop in revenues reported for Q3, Melco Resorts turned \u201cmarginally in positive EBITDA territory\u201d in October, CFO Geoff Davis said in an earnings call.<\/p>\n\n\n\n
He said that takes into account roughly US$10 million of bad debts.<\/p>\n\n\n\n
David Sisk, the company\u2019s chief operating officer said that Macau operations were currently\u00a0at about 35 percent of volumes seen before the pandemic. <\/p>\n\n\n\n
He added that the junket business and house-managed VIP business had been \u201csomewhat challenged by the visa process\u201d in reference to border restrictions measures which were lifted for visitors from mainland China in September. <\/p>\n\n\n\n
He said that players returning seemed to be \u201ca bit more cautious,\u201d but that \u201cplaying time has not changed that much\u201d.<\/p>\n\n\n\n
Sisk added: \u201cPlayers don\u2019t move between the properties as much now. I think that\u2019s probably more of a reaction to Covid-19, and just the difficulty as you go through each of the properties and having to go through a kind of a check as you\u2019re going from property to property or in and out of the casinos”.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to the company’s CFO, October’s numbers show a slight recovery.<\/p>\n","protected":false},"author":2,"featured_media":11576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts reported a Q3 revenue decline but achieved positive EBITDA in October, signaling a marginal recovery in Macau. Operational volumes remain at 35% of pre-pandemic levels, with VIP and junket businesses challenged by visa processes, while evolving player behavior shows less inter-property movement due to COVID-19 checks.","focusai_entities":"Melco Resorts, Geoff Davis, David Sisk","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau VIP Recovery Outlook","query":"What specific policy adjustments or market shifts are anticipated to accelerate the recovery of the junket and house-managed VIP segments in Macau, given the current visa process challenges?"},{"label":"Operational Efficiency Post-COVID","query":"How are Melco Resorts and other Macau operators adapting their operational governance frameworks and customer journey designs to mitigate the impact of inter-property movement restrictions and evolving player caution?"}],"footnotes":""},"categories":[160,28,16338,163],"tags":[257],"class_list":["post-11574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11574"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11574\/revisions"}],"predecessor-version":[{"id":11582,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11574\/revisions\/11582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11576"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}