{"id":8146,"date":"2020-07-15T22:00:58","date_gmt":"2020-07-15T22:00:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8146"},"modified":"2026-04-24T03:37:42","modified_gmt":"2026-04-24T06:37:42","slug":"melco-cuts-macau-daily-operating-costs-to-us1-5m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-cuts-macau-daily-operating-costs-to-us1-5m","title":{"rendered":"Melco cuts Macau daily operating costs to US$1.5m"},"content":{"rendered":"\n<p>Casino operator Melco Resorts &amp; Entertainment Limited says it has reached its goal to reduce operating costs for its Macau venues.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- Casino operator Melco Resorts &amp; Entertainment Limited has reached its goal to reduce daily operating costs for its Macau venues in second quarter.<\/p>\n\n\n\n<p>It communicated the news in a filing published by wholly-owned subsidiary Melco Resorts Finance, as it issued new senior notes to the market.<\/p>\n\n\n\n<p>The company said it had managed to reduce daily operating costs for its venues to US$1.5 million, down from US$2.5 million reported in May. <\/p>\n\n\n\n<p>Daily operating costs were closer to US$3 million before the Covid-19 outbreak.<\/p>\n\n\n\n<p>The company said it had undertook \u201cvarious mitigating measures to manage through the current COVID-19 outbreak challenges, such as implementing a cost reduction program to minimise cash outflow of non-essential items and rationalising our capital expenditure program with deferrals and reductions which benefits our balance sheet.&#8221;<\/p>\n\n\n\n<p>On Tuesday Melco Resorts Finance <strong><em><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/focusgn.com\/asia-pacific\/moodys-gives-melcos-new-notes-ba2-rating\" target=\"_blank\" rel=\"noreferrer noopener\">issued new notes due in 2028<\/a><\/em><\/strong> for which it expects to obtain US$500 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casino operator Melco Resorts &amp; Entertainment Limited says it has reached its goal to reduce operating costs for its Macau venues.<\/p>\n","protected":false},"author":2,"featured_media":8148,"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 has successfully reduced daily operating costs for its Macau venues to US$1.5 million in Q2, down from US$2.5 million, through various mitigating measures including a cost reduction program and capital expenditure rationalization. Concurrently, its subsidiary, Melco Resorts Finance, issued US$500 million in new senior notes due 2028 to the market.","focusai_entities":"Melco Resorts & Entertainment Limited, Melco Resorts Finance","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Impact on GGR\/NGR?","query":"How will Melco's reduced operating costs and new senior notes issuance influence its projected Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) margins in Macau for the upcoming fiscal quarters?"},{"label":"Capital Allocation Strategy?","query":"What specific capital allocation strategies will Melco employ with the US$500 million raised from senior notes, and how does this align with its long-term growth and deleveraging objectives?"}],"footnotes":""},"categories":[16338,163,158],"tags":[1619,665],"class_list":["post-8146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-hong-kong","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8146","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8146"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8146\/revisions"}],"predecessor-version":[{"id":8169,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8146\/revisions\/8169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8148"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}