Melco Resorts & Entertainment<\/a><\/em><\/strong> has released its fourth-quarter financial results from its operations in Cyprus. The company is currently operating a temporary casino and three satellite casinos ahead of the launch of City of Dreams Mediterranean in 2021. It will also launch a fourth satellite casino before 2021.<\/p>\n\n\n\nFor the quarter ended December 31, 2019, total operating revenues at Cyprus Casinos were US$24.7 million compared to US$15.6 million in the fourth quarter of 2018. Cyprus Casinos generated Adjusted EBITDA of US$8.6 million in the fourth quarter of 2019 compared with Adjusted EBITDA of US$2.3 million in the fourth quarter of 2018.<\/p>\n\n\n\n
Rolling chip volume was US$22.8 million for the fourth quarter of 2019. The rolling chip win rate was 3.61% in the fourth quarter of 2019. The expected rolling chip win rate range is 2.85% \u2013 3.15%.<\/p>\n\n\n\n
Mass market table games drop was US$33.9 million in the fourth quarter of 2019 versus US$34.8 million in the fourth quarter of 2018. The mass-market table games hold percentage was 19.8% in the fourth quarter of 2019 compared to 16.2% in the fourth quarter of 2018.<\/p>\n\n\n\n
Gaming machine handle for the fourth quarter of 2019 was US$349.5 million, compared with US$194.5 million in the fourth quarter of 2018. The gaming machine win rate was 4.9% in the fourth quarter of 2019 versus 5.2% in the fourth quarter of 2018.
<\/p>\n","protected":false},"excerpt":{"rendered":"
During the fourth quarter of 2019, Cyprus Casinos increased revenues by almost US$10 million.<\/p>\n","protected":false},"author":2,"featured_media":3003,"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 robust Q4 2019 financial results for its Cyprus Casinos operations, with total operating revenues increasing to US$24.7 million and Adjusted EBITDA reaching US$8.6 million. This performance, driven by strong rolling chip and gaming machine volumes, precedes the anticipated launch of the integrated resort City of Dreams Mediterranean in 2021.","focusai_entities":"Melco Resorts & Entertainment, Cyprus Casinos, City of Dreams Mediterranean","focusai_location":"Cyprus","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 2019 Performance Drivers","query":"What specific operational strategies or market conditions contributed to the significant year-over-year growth in Cyprus Casinos' Q4 2019 revenues and Adjusted EBITDA, particularly the increase in rolling chip volume and gaming machine handle?"},{"label":"Pre-IR Launch Impact","query":"How does the current performance of the temporary and satellite casinos in Cyprus inform Melco's projections for the City of Dreams Mediterranean's initial GGR and market penetration upon its 2021 launch?"}],"footnotes":""},"categories":[16331,163],"tags":[29],"class_list":["post-3837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-finance-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3837","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3837"}],"version-history":[{"count":1,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3837\/revisions"}],"predecessor-version":[{"id":3838,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3837\/revisions\/3838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3003"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}