{"id":777015197,"date":"2024-05-03T09:38:16","date_gmt":"2024-05-03T12:38:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015197"},"modified":"2026-04-22T10:37:15","modified_gmt":"2026-04-22T13:37:15","slug":"city-of-dreams-manila-posts-revenue-of-us110-7m-for-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-posts-revenue-of-us110-7m-for-q1","title":{"rendered":"City of Dreams Manila posts revenue of US$110.7m for Q1"},"content":{"rendered":"\n<p>Adjusted EBITDA was US$37.8m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Melco Resorts &amp; Entertainment Limited\u00a0<\/strong>has shared Q1 financial results for<strong>\u00a0City of Dreams Manila<\/strong>. Operating revenue was US$110.7m, down from\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/city-of-dreams-manila-posts-revenue-of-us133-3m-for-q1\" target=\"_blank\" rel=\"noreferrer noopener\">US$133.3m a year earlier<\/a>. The casino\u2019s\u00a0adjusted EBITDA was US$37.8m, down from US$60.9m in the same period of 2023, mainly due to a drop in the rolling chip segment.\u00a0<\/p>\n\n\n\n<p>Rolling chip volume was US$527.7m versus US$655.8m in the first quarter of 2023. The rolling chip win rate was 2.20 per cent compared to 5.43 per cent. The mass market table games drop increased to US$180.6m with a hold percentage of 31.8 per cent.\u00a0<\/p>\n\n\n\n<p>The gaming machine handle increased from US$979.5m to US$1.13bn, while the gaming machine win rate decreased from 5.4 per cent to 5 per cent. Non-gaming revenue grew from US$28.6m to US$US$28.8m.<\/p>\n\n\n\n<p>Chairman and CEO&nbsp;<strong>Lawrence Ho<\/strong>&nbsp;said: \u201cCity of Dreams Manila in the Philippines has continued to show solid results in the mass segment but was impacted by luck factors in VIP. City of Dreams Mediterranean and our satellite casinos in Cyprus exhibited positive cash flow through the first quarter despite continued conflicts in the region and we are cautiously optimistic that we can expand our business into the seasonally strong summer months.\u201d<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/melco-extends-maturity-date-on-us1-92bn-revolving-credit-facility\" rel=\"noreferrer noopener\">Melco extends maturity date on US$1.92bn revolving credit facility<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adjusted EBITDA was US$37.8m.<\/p>\n","protected":false},"author":176,"featured_media":16426,"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 Q1 financial results for City of Dreams Manila, with operating revenue at US$110.7m and adjusted EBITDA at US$37.8m, both down year-over-year. The decline was primarily attributed to a significant drop in the rolling chip segment's win rate, despite solid performance in mass market table games and gaming machine handle. The company remains cautiously optimistic about its Cyprus operations.","focusai_entities":"Melco Resorts & Entertainment Limited, City of Dreams Manila, City of Dreams Mediterranean, Lawrence Ho","focusai_location":"Philippines, Cyprus","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Recovery","query":"What specific strategies is Melco implementing to mitigate 'luck factors' and stabilize rolling chip segment performance in City of Dreams Manila for future quarters?"},{"label":"Cyprus Market Expansion","query":"What are the specific market conditions and operational adjustments supporting Melco's cautious optimism for business expansion in Cyprus, particularly given ongoing regional conflicts?"}],"footnotes":""},"categories":[163,16333],"tags":[19841],"class_list":["post-777015197","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\/777015197","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=777015197"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015197\/revisions"}],"predecessor-version":[{"id":777015228,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015197\/revisions\/777015228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}