{"id":32784,"date":"2022-08-19T02:27:51","date_gmt":"2022-08-19T05:27:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=32784"},"modified":"2026-04-23T05:43:55","modified_gmt":"2026-04-23T08:43:55","slug":"studio-city-phase-ii-opening-delayed","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/studio-city-phase-ii-opening-delayed","title":{"rendered":"Studio City Phase II opening delayed"},"content":{"rendered":"\n<p>Lawrence Ho Yau Lung, chairman and chief executive of Melco Resorts, has said that the opening has been pushed back to 2023.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Melco Resorts and Entertainment chairman and chief executive <strong>Lawrence Ho Yau Lung<\/strong> has said that the scheduled opening Studio City Phase II has been pushed back to Q2 2023. In March, Melco had said\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/studio-city-phase-ii-to-be-completed-by-september-says-melco-chairman\" target=\"_blank\">Studio City\u2019s Phase II construction<\/a>\u00a0could be finished by September, but delays have been caused due to Covid-19 restrictions.<\/p>\n\n\n\n<p>Sharing the company&#8217;s Q2 results, Ho Yau Lung said: &#8220;We will be monitoring the markets closely to determine the appropriate time to open and currently anticipate phasing the opening beginning in the second quarter of 2023.&#8221;<\/p>\n\n\n\n<p>He said <strong>Melco\u2019s City of Dreams Mediterranean\u00a0<\/strong>integrated resort has also <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/melco-cyprus-to-launch-mediterranean-ir-this-year-despite-delays\" target=\"_blank\">experienced delays<\/a>\u00a0due to some difficulties with contractors.\u00a0<\/p>\n\n\n\n<p>He said: &#8220;At this point in time, we expect to open in early second quarter 2023, subject to regulatory approvals. However, this remains a fluid situation and we continue to look at ways to expedite the progress.&#8221;<\/p>\n\n\n\n<p>Studio City Phase II will include Macau\u2019s first W hotel from Marriott International. W Macau \u2013 Studio City will have 557 guest rooms, including 127 suites.<\/p>\n\n\n\n<p>In Cyrpus, the company is currently licenced to operate a temporary casino and four satellite casinos. The temporary casino will close once City of Dreams Mediterranean is complete. Operating revenue at Cyprus for the quarter ended June 30 was US$21.7m and adjusted EBITDA US$5.6m, a year-over-year increase due to the relaxation in Covid-19 related restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawrence Ho Yau Lung, chairman and chief executive of Melco Resorts, has said that the opening has been pushed back to 2023.<\/p>\n","protected":false},"author":176,"featured_media":17774,"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 has announced further delays for its Studio City Phase II project in Macau and the City of Dreams Mediterranean integrated resort in Cyprus, pushing anticipated openings to Q2 2023. Chairman Lawrence Ho cited COVID-19 restrictions and contractor issues as primary causes, with regulatory approvals still pending for the Cyprus development. These postponements impact Melco's strategic expansion and market entry timelines in key gaming jurisdictions.","focusai_entities":"Lawrence Ho Yau Lung, Melco Resorts, Melco Resorts and Entertainment, Marriott International","focusai_location":"Macau, Cyprus","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Melco Project Economics","query":"What is the projected impact of these delays on Melco Resorts' return on invested capital (ROIC) and the revised payback period for both Studio City Phase II and City of Dreams Mediterranean?"},{"label":"Macau Non-Gaming Strategy","query":"How do the continued delays for Studio City Phase II, particularly with its W hotel component, affect Macau's broader strategy for diversifying its tourism appeal and increasing non-gaming revenue contributions?"}],"footnotes":""},"categories":[157,16338,158],"tags":[22113],"class_list":["post-32784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-studio-city"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32784","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=32784"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32784\/revisions"}],"predecessor-version":[{"id":32802,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32784\/revisions\/32802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17774"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}