weakened junket sector<\/a>.<\/p>\n\n\n\nAnalysts said: \u201cThe rating downgrade reflects our expectation that Melco group\u2019s debt levels and leverage metrics over the next few years will be substantially higher than pre-pandemic levels, because of the slow recovery in earnings amid lingering travel restrictions and sizeable capital spending.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Melco Resorts & Entertainment has revealed it has entered into a strategic partnership with Marriott International to bring the W Hotels brand to Studio City Phase II.<\/p>\n","protected":false},"author":176,"featured_media":25856,"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 has announced a strategic partnership with Marriott International to introduce the W Hotels brand to Studio City Phase II in Macau, enhancing its non-gaming hospitality offerings. Concurrently, Moody's has downgraded Melco Resorts Finance Ltd's credit rating from 'Ba2' to 'Ba3' due to projected increases in adjusted debt and a slower-than-anticipated recovery in Macau's GGR, particularly in the VIP segment.","focusai_entities":"Melco Resorts & Entertainment, Marriott International, W Hotels, Studio City Phase II, W Macau \u2013 Studio City, David Sisk, Moody\u2019s, Melco Resorts Finance Ltd","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.95), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Melco's Debt Strategy?","query":"How will Melco Resorts & Entertainment's projected increase in adjusted debt to nearly US$7.6bn impact its future capital expenditure plans and dividend policy, especially given Moody's slower GGR recovery forecast for Macau?"},{"label":"VIP Segment Mitigation?","query":"What specific operational or strategic adjustments is Melco implementing to mitigate the impact of increased regulatory scrutiny and the weakened junket sector on its VIP gaming revenue projections for 2023?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,23970],"class_list":["post-25826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25826","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=25826"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25826\/revisions"}],"predecessor-version":[{"id":25838,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25826\/revisions\/25838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}