operating revenue of US$563m<\/strong> for the third quarter, up 2.38 per cent sequentially and up 10.9 per cent from US$506.2m in the same period in 2023. EBITDA was US$162.8m compared with US$153.9m. According to the company, the year-on-year increase in Adjusted EBITDA was primarily a result of better performance in all gaming segments.<\/p>\n\n\n\nRolling chip volume was US$3.30n, and the rolling chip win rate was 3.97 per cent. The mass market table games drop was US$1.46bn and the expected rolling chip win rate range was 2.85 per cent-3.15 per cent. The gaming machine handle was US$902.3m and the win rate 3.1 per cent. Nn-gaming revenue was US$78.7m, down 2.16 per cent sequentially but up 6.79 in year-on-year terms.<\/p>\n\n\n\n
Altira Macau results<\/h2>\n\n\n\n
Altira Macau\u2019s operating revenue was US$30.5. That’s an increase of 4.09 per cent in quarter-on-quarter terms and 26.03 per cent compared with US$24.2m in the third quarter of 2023. The venue generated negative adjusted EBITDA of US$1.1m, compared with negative US$3.8m in the third quarter of 2023.<\/p>\n\n\n\n
The mass market table games drop was US$135.5m versus US$140.0m a year before. The mass market table games hold percentage was 21.7 per cent. The gaming machine handle was US$148.0m and the gaming machine win rate was 1.8 per cent. Non-gaming revenue was US$5.4m, compared with US$5.3m in the third quarter of 2023.<\/p>\n\n\n\n
Mocha and other third quarter results<\/h2>\n\n\n\n
Revenues from Mocha clubs in Macau and other were US$30.6m, up 1.66 per cent year-on-year. Mocha and Other generated Adjusted EBITDA of US$6.9m in both the third quarters of 2024 and 2023.<\/p>\n\n\n\n
The mass market table games drop was US$57.2m. The mass market table games hold percentage was 16.6 per cent. The gaming machine handle was US$519.1m, compared with US$515.8m in the third quarter of 2023. The gaming machine win rate was 4.3 per cent.<\/p>\n\n\n\n
Studio City results<\/h2>\n\n\n\n
Studio City posted operating revenue of US$352.3m<\/strong>, up 3.52 per cent sequentially and 26.87 per cent compared to the third quarter of 2023. Studio City generated adjusted EBITDA of US$92.8m, compared with adjusted EBITDA of US$67.7m in the third quarter of 2023. The company attributed the year-over-year increase to a better performance in all gaming segments and non-gaming operations.<\/p>\n\n\n\nRolling chip volume was US$494.8m <\/strong>and the win rate 5.57 per cent. The Mass market table games drop was US$912.9m and the hold percentage 30.7 per cent. The gaming machine handle was US$853m, compared to US$673.9m in the third quarter of 2023. The gaming machine win rate was 3.3 per cent. Non-gaming revenue was US$89.3m, compared with US$79.0m in the third quarter of 2023.<\/p>\n\n\n\nLawrence Ho, group chairman and CEO<\/strong>, said: “Our initiatives to activate areas throughout our properties and drive visitation are coming together. We launched a revamped loyalty program, opened a new Signature Club premium slot area at City of Dreams, and a highly themed slot area called the Dragon Zone at Studio City, in partnership with Aristocrat Gaming. We are enhancing accessibility into City of Dreams with a new light tunnel entrance which is complemented by live performances. We expect to continue to unveil new and exciting projects to support the ongoing growth in Macau.”<\/p>\n","protected":false},"excerpt":{"rendered":"The increase in total operating revenues was mainly attributed to the improved performance in all gaming segments and non-gaming operations.<\/p>\n","protected":false},"author":176,"featured_media":17574,"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% year-on-year increase in Q3 operating revenue to US$1.18bn, driven by robust performance across all gaming segments and non-gaming operations, notably in Macau. The company achieved a net income of US$27.3m, a significant turnaround from a net loss in the prior year, with Adjusted EBITDA reaching US$322.5m. This recovery is largely attributed to the resurgence of inbound tourism to the region.","focusai_entities":"Melco Resorts & Entertainment Limited, Lawrence Ho, City of Dreams Macau, Altira Macau, Mocha clubs, Studio City","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), investor_analyst (0.98), operator_casino (0.9), supplier_vendor (0.8), journalist_researcher (0.92)","focusai_suggestions":[{"label":"Macau Market Outlook","query":"Given Melco's Q3 performance, what are the projected GGR growth rates for the Macau market in Q4 and FY2024, and how might evolving inbound tourism trends from key source markets impact these forecasts?"},{"label":"Segment Profitability Analysis","query":"Beyond the reported win rates, what are the underlying profitability trends for Melco's rolling chip versus mass market table games segments, considering operational leverage and player acquisition costs?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,18488],"class_list":["post-777020479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020479","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=777020479"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020479\/revisions"}],"predecessor-version":[{"id":777020482,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020479\/revisions\/777020482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17574"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}