{"id":17346,"date":"2021-04-28T15:55:24","date_gmt":"2021-04-28T15:55:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17346"},"modified":"2026-04-23T19:59:05","modified_gmt":"2026-04-23T22:59:05","slug":"macau-melco-resorts-revenue-down-36-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-melco-resorts-revenue-down-36-in-q1","title":{"rendered":"Macau: Melco Resorts revenue down 36% in Q1"},"content":{"rendered":"\n

Melco Resorts & Entertainment has announced that Q1 revenue was down 36 per cent year-on-year <\/strong>but that its net loss has narrowed.<\/p>\n\n\n\n\n\n\n\n

Macau.- Presenting its unaudited financial results for the first quarter of 2021, <\/strong>Melco<\/a> Resorts & Entertainment <\/strong>has reported that income came in at US$520m. That represents a decrease of 36 per cent in comparison with the US$810m produced during the same period of 2020.<\/strong><\/p>\n\n\n\n

The fall is expected considering the ongoing impact of the Covid-19 pandemic and the decline in inbound tourism<\/strong>. Lawrence Ho, president, and general director of Melco <\/strong>said that the company had seen a moderate recovery.<\/p>\n\n\n\n

He said: \u201cCovid-19 and the subsequent travel restrictions continue to have a significant negative impact on our operating and financial performance. Despite these challenges, our integrated resorts experienced a moderate recovery in business levels during the first quarter.” <\/p>\n\n\n\n

Ho also praised Macau<\/a>‘s government measures during the pandemic, adding: \u201cWe commend the Macau government\u2019s measured approach to reopening the border and schemes to boost the economy and support local jobs. <\/p>\n\n\n\n

“In this regard, we continue to prioritize epidemic prevention measures to keep our colleagues and customers safe, while working collaboratively with small and medium enterprise (SME) partners to contribute to Macau\u2019s sustainable development and economic recovery.”<\/p>\n\n\n\n

Net loss attributable to Melco Resorts & Entertainment for the first quarter of 2021 was US$232.9m<\/strong>, or US$0.49 per ADS, compared with a net loss of US$364m, or US$0.76 per ADS, in the first quarter of 2020. <\/p>\n","protected":false},"excerpt":{"rendered":"

Melco Resorts & Entertainment has announced that Q1 revenue was down 36 per cent year-on-year but that its net loss has narrowed.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 & Entertainment reported a 36% year-on-year decline in Q1 2021 revenue to US$520m, primarily due to the persistent impact of the Covid-19 pandemic and reduced inbound tourism. Despite the revenue contraction, the integrated resort operator successfully narrowed its net loss to US$232.9m from US$364m in the prior year, indicating a moderate operational recovery. The company commended Macau's government for its border reopening strategy and economic support initiatives.","focusai_entities":"Melco Resorts & Entertainment, Lawrence Ho","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What is Melco's projected GGR contribution from its Macau properties for H2 2021, considering the current border reopening trajectory and anticipated tourism recovery?"},{"label":"Operational Cost Efficiencies?","query":"Beyond revenue decline, what specific operational cost efficiencies or structural adjustments contributed to the significant narrowing of Melco's net loss year-on-year?"}],"footnotes":""},"categories":[160,163],"tags":[257,665],"class_list":["post-17346","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-finance-news","tag-macau","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17346","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=17346"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17346\/revisions"}],"predecessor-version":[{"id":17365,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17346\/revisions\/17365"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}