{"id":24380,"date":"2021-11-10T08:57:08","date_gmt":"2021-11-10T11:57:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24380"},"modified":"2026-04-23T13:59:26","modified_gmt":"2026-04-23T16:59:26","slug":"melco-resorts-posts-us446-4m-in-operating-revenue-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-posts-us446-4m-in-operating-revenue-for-q3","title":{"rendered":"Melco Resorts posts US$446.4m in operating revenue for Q3"},"content":{"rendered":"\n

Melco Resorts has shared its financial results for the third quarter of the year. Operating revenue was down 21 per cent quarter-on-quarter from US$566.4m to US$446.4m.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Melco Resorts & Entertainment<\/a>\u00a0<\/strong>has reported\u00a0total operating revenue of US$446.4m for the third quarter of the year<\/strong>. The figure was down 21 per cent from US$566.4m in the previous quarter but up 110 per cent year-on-year.<\/p>\n\n\n\n

The company attributed the yearly increase to non-gaming operations and inbound tourism in Macau. The quarterly decline, however, was related to new outbreaks of Covid-19. The casino operator registered GGR of US$402m, down 28 per cent\u00a0<\/strong>when compared to the previous quarter. Adjusted property EBITDA reached US$31.9m, compared to negative US$76.7m last year.<\/p>\n\n\n\n

Lawrence Ho, group chairman and CEO<\/strong>, said: \u201cContinued travel restrictions and quarantine measures in Macau and the region negatively impacted our third quarter operating and financial performance. To preserve our cash and liquidity, we continue to enforce strong cost control discipline in respect to both operating expenses and capital expenditures.”<\/p>\n\n\n\n

He said the company was confident that “pent-up demand for Macau remains intact and strong.”<\/p>\n\n\n\n

The company said that\u00a0Studio City<\/a>\u00a0construction is progressing and that Melco expects to launch Phase 2 expansion before December 27, 2022. Phase two will offer approximately 900 additional luxury hotel rooms and suites, one of the world\u2019s largest indoor\/outdoor water parks, a Cineplex, fine-dining restaurants and MICE space.<\/p>\n","protected":false},"excerpt":{"rendered":"

Melco Resorts has shared its financial results for the third quarter of the year. Operating revenue was down 21 per cent quarter-on-quarter from US$566.4m to US$446.4m.<\/p>\n","protected":false},"author":176,"featured_media":17574,"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 Q3 operating revenue of US$446.4m, a 21% sequential decline attributed to renewed Covid-19 outbreaks and travel restrictions in Macau, despite a 110% year-on-year increase driven by non-gaming and tourism. The company registered GGR of US$402m, down 28% QoQ, but achieved positive Adjusted Property EBITDA. Melco remains confident in Macau's demand and is progressing with Studio City Phase 2 expansion.","focusai_entities":"Melco Resorts & Entertainment, Lawrence Ho","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What specific indicators or policy shifts does Melco anticipate will trigger a significant rebound in Macau's GGR, beyond the current \"pent-up demand\" sentiment?"},{"label":"Studio City ROI","query":"Given the current market volatility, what is the projected return on investment and anticipated timeline for profitability for the Studio City Phase 2 expansion, particularly concerning its non-gaming amenities?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,18488],"class_list":["post-24380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24380","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=24380"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24380\/revisions"}],"predecessor-version":[{"id":24395,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24380\/revisions\/24395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17574"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}