Studio City reports 4Q18 results

The Macau casino reported a decrease in net revenue for the fourth quarter of 2018.

Macau.- Melco Resorts & Entertainment reported its financial results for the fourth quarter of 2018, which show that Studio City’s net revenue was €299.6 million, approximately €26.4 million less when compared to the same period in 2017.

Studio City generated Adjusted EBITDA of €90.5 million in the fourth quarter of 2018 compared with Adjusted EBITDA of €80.6 million in the fourth quarter of 2017. Rolling chip volume totaled €3 billion in the fourth quarter of 2018 versus €5 billion in the fourth quarter of 2017.

The company also reported that mass market table games drop decreased to €727.4 million in the fourth quarter of 2018 compared with €747.5 million in the fourth quarter of 2017. The mass market table games hold percentage was 27.0% during this year’s Q4 compared to 26.1% in 2017.

Moreover, gaming machine handle for the fourth quarter of 2018 was €565.6 million, compared with €475 million in the fourth quarter of 2017. The gaming machine win rate was 3.6% in the fourth quarter of 2018 versus 4.1% in the fourth quarter of 2017.