{"id":777007874,"date":"2023-08-03T06:52:12","date_gmt":"2023-08-03T09:52:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007874"},"modified":"2026-04-22T19:22:27","modified_gmt":"2026-04-22T22:22:27","slug":"city-of-dreams-manila-operating-revenue-rises-4-per-cent-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-operating-revenue-rises-4-per-cent-in-q2","title":{"rendered":"City of Dreams Manila operating revenue rises 4 per cent in Q2"},"content":{"rendered":"\n

Operating revenue at City of Dreams Manila was US$116.4m.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Melco Resorts & Entertainment Limited\u00a0<\/strong>has shared its financial results for Q2. Operating revenue at City of Dreams Manila was US$116.4m, up 4 per cent year-on-year. The casino\u2019s\u00a0adjusted EBITDA was US$47m<\/strong>, down from US$49m in the same period of 2022.<\/p>\n\n\n\n

Rolling chip volume was US$520.2m compared to US$771.3m in the second quarter of 2022 while the rolling chip win rate was 3.10 per cent. The mass market table games drop increased to US$194.5m from US$178.4m. The mass market table games hold percentage was 31.3 per cent, up from 29 per cent.<\/p>\n\n\n\n

The gaming machine handle was US$1.01bn and the gaming machine win rate was 4.8 per cent. City of Dreams\u2019 non-gaming revenue was US$28.7m (US$27.3m in the second quarter of 2022).<\/p>\n\n\n\n

Chairman and CEO Lawrence Ho<\/strong> said: \u201cThe mass segment is also leading the recovery in the Philippines, continuing to outperform 2019 in the second quarter of 2023.”<\/p>\n\n\n\n

Melco Resorts & Entertainment<\/strong>‘s overall operating revenue was US$947.9m in the second quarter of the year, up 220 per cent\u00a0compared to the second quarter of 2022 (US$296.1m)<\/a>. The company reported an increase in operating revenues in all gaming segments and non-gaming operations as a result of the relaxation of Covid-19 related restrictions in Macau in January 2023, the opening of Studio City Phase 2\u2019s Epic Tower and indoor waterpark in April 2023 and the commencement of residency concerts at Studio City.<\/p>\n","protected":false},"excerpt":{"rendered":"

Operating revenue at City of Dreams Manila was US$116.4m.<\/p>\n","protected":false},"author":176,"featured_media":26652,"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 significant 220% year-on-year increase in Q2 operating revenue to US$947.9m, primarily driven by the relaxation of Macau's COVID-19 restrictions and new attractions at Studio City. City of Dreams Manila saw a 4% revenue increase to US$116.4m, with robust mass market performance offsetting a decline in rolling chip volume and a slight dip in adjusted EBITDA.","focusai_entities":"Melco Resorts & Entertainment Limited, Lawrence Ho, City of Dreams Manila, Studio City","focusai_location":"Philippines, Macau","focusai_target_profile":"ceo_executive (0.95), investor_analyst (0.98), operator_casino (0.9), supplier_vendor (0.75), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Melco Q2 Mass Market","query":"What specific strategies is Melco employing to sustain the mass market segment's outperformance relative to 2019 levels in the Philippines, and how does this impact future capital allocation for VIP vs. mass market amenities?"},{"label":"Macau Recovery Impact","query":"Beyond the relaxation of COVID-19 restrictions, what are the long-term projections for Melco's GGR and NGR growth in Macau, considering the competitive landscape and potential for further regulatory shifts?"}],"footnotes":""},"categories":[163,16333],"tags":[19841],"class_list":["post-777007874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-city-of-dreams-manila"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007874","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=777007874"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007874\/revisions"}],"predecessor-version":[{"id":777007902,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007874\/revisions\/777007902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26652"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}