Melco International Development has reported net revenues of HK$8.43bn (US$1.08bn) for the first half of the year, up 10 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Melco International Development<\/strong>\u00a0has reported a\u00a010 per cent year-on-year growth in net revenues\u00a0<\/strong>for the first half of 2021.<\/p>\n\n\n\n Melco\u2019s revenues for the period were HK$8.43bn (US$1.08bn). Net losses after tax amounted to HK$3.75bn<\/strong>, while EBITDA was HK$732.5m, compared to a negative EBITDA of HK$886.2m for the first six months of 2020. Mass and premium mass-market players were the primary drivers<\/strong>.<\/p>\n\n\n\n Lawrence Ho<\/strong>, group chairman and chief executive officer, said: “Macau has enjoyed a steady recovery in its overall economy as\u00a0travel restrictions loosen<\/a>\u00a0and\u00a0visitors gradually return<\/a>. This also led to a gradual recovery in business levels at our integrated resorts during the second quarter of 2021.”<\/p>\n\n\n\n Ho said over 70 per cent of Melco’s staff in Macau and Hong Kong has been vaccinated against Covid-19 through its Get the Jab\u00a0campaign<\/a>\u00a0<\/p>\n\n\n\n He said: “We are encouraged by the progress of the Covid-19 vaccine rollouts in Macau, Hong Kong and China, and, along with the increasing vaccination rates across the globe.”<\/p>\n\n\n\n Studio City<\/strong> reported negative adjusted property EBITDA of US$6.4m while VIP gaming volume declined 44 per cent year-on-year to HK$891m.<\/p>\n\n\n\n The\u00a0City of Dreams<\/strong>\u00a0complex in Manila <\/strong>posted\u00a0US$119.6m in adjusted property EBITDA. VIP gaming rolling chip volume declined 18.7 per cent to HK$8.6bn and mass play rose 151 per cent to HK$1.5bn year-on-year. <\/p>\n\n\n\n The\u00a0casino has been closed since August 6\u00a0<\/strong>due to a resurgence in cases in the city.\u00a0The city of Manila<\/a>\u00a0has recently extended restrictions until September 7.<\/p>\n\n\n\n Cyprus\u2019s casinos<\/strong>\u00a0partially resumed operations at limited capacity in H1<\/p>\n\n\n\nYokohama IR plans likely to be cancelled<\/h2>\n\n\n\n