<\/em><\/strong>of 39% (\u20ac374,9 million). <\/p>\n\n\n\n\u201cDuring the third quarter of 2019, all of Melco\u2019s Macau IRs continued to deliver strong mass table games revenue growth; which drove group-wide Property EBITDA to expand approximately 39% year-over-year to \u20ac374,8 million. During the third quarter of 2019, Melco\u2019s mass-market table games drop and gaming machine handle both reached all-time-record-highs\u201d said Lawrence Ho, Chairman and CEO of the company.<\/p>\n\n\n\n
Third quarter results at Melco’s Macau IRs<\/h2>\n\n\n\n
City of Dreams presented a total operating revenue of \u20ac705,8 million, an increase from \u20ac538,6 in 2018. At Altira Macau, total operating revenues were \u20ac102,1 million up from \u20ac80,9 million. Lastly, at Studio City, the total operating revenues registered \u20ac302,8 million compared to \u20ac309,5 million year-on-year; generating an Adjusted EBITDA of \u20ac95,4 million, an increase from \u20ac80,2 million. <\/p>\n","protected":false},"excerpt":{"rendered":"
Melco has released its financial results for the third quarter of the year, showing a 16% increase compared to 2018.<\/p>\n","protected":false},"author":133,"featured_media":0,"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 a 16% increase in Q3 2019 operating revenues to \u20ac1.3 billion, primarily driven by robust performance in Macau's rolling chip and mass-market table games segments. Operating income surged by 104% to \u20ac157.1 million, with Adjusted Property EBITDA growing 39% to \u20ac374.9 million, marking the 16th consecutive quarter of mass-market table games growth.","focusai_entities":"Melco Resorts & Entertainment Limited, Melco, Lawrence Ho, City of Dreams, Altira Macau, Studio City","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Mass Market Outlook","query":"What specific strategic initiatives is Melco implementing to sustain the robust growth in its Macau mass-market table games segment, and what is the projected impact on future GGR contributions?"},{"label":"Capital Allocation Strategy","query":"Given the significant increase in Adjusted Property EBITDA, how does Melco plan to allocate capital towards further expansion, debt reduction, or shareholder returns, particularly concerning its integrated resorts?"}],"footnotes":""},"categories":[160,28,16338,163],"tags":[29,1740,229,257,665,1427],"class_list":["post-678","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-finance-news","tag-casino","tag-city-of-dreams","tag-gambling","tag-macau","tag-melco","tag-suncity"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/678","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\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=678"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/678\/revisions"}],"predecessor-version":[{"id":20295,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/678\/revisions\/20295"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}