{"id":777002962,"date":"2023-03-03T13:06:30","date_gmt":"2023-03-03T16:06:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002962"},"modified":"2026-04-23T00:05:55","modified_gmt":"2026-04-23T03:05:55","slug":"city-of-dreams-manila-posts-revenue-of-us95-2m-for-q4","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-posts-revenue-of-us95-2m-for-q4","title":{"rendered":"City of Dreams Manila posts revenue of US$95.2m for Q4"},"content":{"rendered":"\n

Operating revenue was up but adjusted EBITDA fell.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Melco Resorts & Entertainment Limited <\/strong>has shared Q4 financial results for City of Dreams Manila<\/strong>. Operating revenue was US$83.9m, up from US$95.2m a year earlier. The casino’s adjusted EBITDA was US$23.6m<\/strong>, a decrease from US$34.6m in the same period of 2021. <\/p>\n\n\n\n

There was a significant increase in rolling chip volume, up to US$940.7m from US$206.3m in the previous year. The rolling chip win rate increased from 1.20 per cent in the fourth quarter of 2021 to 1.84 per cent. The mass market table games drop increased to US$148.2m and the mass market table games hold percentage decreased to 31.9 per cent. <\/p>\n\n\n\n

The gaming machine handle increased from US$815.1m to US$1.02bn, although the gaming machine win rate decreased from 5.4 per cent to 4.7 per cent in the fourth quarter of 2022. Non-gaming revenue at City of Dreams Manila declined from US$26.5m to US$24.5m.<\/p>\n\n\n\n

Chairman and CEO Lawrence Ho<\/strong> said: \u201cGaming volumes in the Philippines have reached close to pre-pandemic levels. We are optimistic about continued growth in the Philippines as international travel normalizes.”<\/p>\n\n\n\n

Melco Resorts & Entertainment Limited<\/a> has reported a decrease in its operating revenues for the fourth quarter of 2022. Total operating revenues were approximately US$337.1m, around 30 per cent lower than the US$480.6m reported the previous year. <\/p>\n","protected":false},"excerpt":{"rendered":"

Operating revenue was up but adjusted EBITDA fell.<\/p>\n","protected":false},"author":176,"featured_media":15769,"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 Limited reported a Q4 2022 decline in operating revenue and adjusted EBITDA for City of Dreams Manila, despite robust increases in rolling chip volume and gaming machine handle. The parent company's total operating revenues decreased by 30% year-over-year. Chairman and CEO Lawrence Ho noted that gaming volumes in the Philippines are nearing pre-pandemic levels, expressing optimism for sustained growth as international travel normalizes.","focusai_entities":"Melco Resorts & Entertainment Limited, City of Dreams Manila, Lawrence Ho","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Q4 Revenue Discrepancy","query":"What specific factors contributed to the 30% year-over-year decline in Melco Resorts & Entertainment Limited's total operating revenues, particularly given the reported increases in key gaming volumes at City of Dreams Manila?"},{"label":"Philippines Market Trajectory","query":"Beyond international travel normalization, what specific regulatory or market-driven catalysts does Melco anticipate will drive sustained GGR growth in the Philippines, and what are the associated timelines?"}],"footnotes":""},"categories":[163,16333],"tags":[19841,18488],"class_list":["post-777002962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-city-of-dreams-manila","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002962","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=777002962"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002962\/revisions"}],"predecessor-version":[{"id":777002999,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002962\/revisions\/777002999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15769"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}