Operating revenue was US$109m.<\/p>\n\n\n\n\n\n\n\n
The Philippines.-\u00a0Melco Resorts & Entertainment Limited\u00a0has shared the financial results of City of Dreams Manila for the second quarter.\u00a0Operating revenue was US$109m, down 6.36 per cent year-on-year<\/a> and down 1.53 per cent sequentially<\/a>. The casino\u2019s\u00a0adjusted EBITDA was US$40.5m, down from US$4m in the same period of 2023, mainly due to a softer performance in the mass market table games segment.<\/p>\n\n\n\n Rolling chip volume was US$572.9m compared to US$520.2m in the second quarter of 2023. The rolling chip win rate was 3.19 per cent. The mass market table games drop decreased to US$174.4m but the hold percentage rose to 32.4 per cent.<\/p>\n\n\n\n The gaming machine handle was US$1.04bn and the gaming machine win rate was 4.6 per cent. Non-gaming revenue was US$27.3m (US$28.7m.<\/p>\n\n\n\n Chairman and CEO Lawrence Ho<\/strong> said: “City of Dreams Manila in the Philippines has consistently exhibited solid results. City of Dreams Mediterranean and our satellite casinos in Cyprus built upon the momentum seen in the past quarter, with luck adjusted EBITDA growing more than 30% quarter-to-quarter.”<\/p>\n","protected":false},"excerpt":{"rendered":" Operating revenue was US$109m.<\/p>\n","protected":false},"author":176,"featured_media":16832,"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 Q2 financial results for City of Dreams Manila, with operating revenue at US$109m, a 6.36% year-on-year decrease, and adjusted EBITDA of US$40.5m, down from US$44m in Q2 2023, primarily due to a softer mass market table games segment. Rolling chip volume increased, while mass market table games drop decreased, though hold percentage rose. The CEO also noted momentum at City of Dreams Mediterranean and Cyprus satellite casinos.","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 (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mass Market Strategy Impact?","query":"What specific strategic adjustments are Melco Resorts implementing to address the softer performance in the mass market table games segment at City of Dreams Manila, and what is the projected impact on NGR?"},{"label":"EBITDA Drivers Analysis?","query":"Beyond the mass market table games, what other factors contributed to the sequential and year-on-year EBITDA decline at City of Dreams Manila, and how do these compare to the performance of City of Dreams Mediterranean?"}],"footnotes":""},"categories":[163,16333],"tags":[19841,23907,23970],"class_list":["post-777018142","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-land-based-casino","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018142","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=777018142"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018142\/revisions"}],"predecessor-version":[{"id":777018153,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018142\/revisions\/777018153"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16832"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}