{"id":35058,"date":"2022-11-03T13:06:53","date_gmt":"2022-11-03T16:06:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35058"},"modified":"2026-04-23T03:19:45","modified_gmt":"2026-04-23T06:19:45","slug":"melco-resorts-posts-revenue-of-us241-8m-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-resorts-posts-revenue-of-us241-8m-for-q3","title":{"rendered":"Melco Resorts posts revenue of US$241.8m for Q3"},"content":{"rendered":"\n
Melco Resorts has reported that operating revenue for the third quarter declined by 45.8 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
Macau.- Melco Resorts & Entertainment <\/strong>has shared its financial results for the third quarter of the year. Operating revenues was US$241.8m<\/strong>, down 46 per cent from US$446.4m for the comparable period in 2021. The company attributed the decrease to the government-mandated temporary closure of Macau’s casinos in July<\/a>.<\/p>\n\n\n\n The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was negative US$34.9m compared with US$ 31.9m in the third quarter of 2021. Net loss attributable to Melco Resorts & Entertainment Limited widened from US$233.2m to US$243.8m. The net loss attributable to noncontrolling interests was US$42.8m, all related to Studio City, City of Dreams Manila and Cyprus Operations.<\/p>\n\n\n\n Lawrence Ho Yau Lung<\/strong>, the group\u2019s chairman and chief executive said: \u201cOur results for the third quarter of 2022 were impacted by the casino closures in July and the travel restrictions imposed across mainland China and Macau. <\/p>\n\n\n\n “In July, the Macau government implemented preventative measures against the pandemic and our casinos were closed for 12 days. <\/p>\n\n\n\n “Following the re-opening, the operating environment remained challenging given the continuing tight travel restrictions, but we are encouraged by the recent re-opening of Macau to international tourists from designated countries as well as the increase in visitation over the October Golden Week<\/a>. <\/p>\n\n\n\n “We are also cautiously optimistic that the granting of e-visas and group visas, which commenced on November 1, 2022, will lead to a gradual increase in visitation.”<\/p>\n\n\n\n