Operators of the renowned touristic attraction have shown results from the first phase of the year.
Macau.- Studio City casino, operated mostly by Melco Crown Entertainment Ltd in Macau, has shared its estimated EBITDA addressing the activities from the first weeks of 2017. The company’s results were published by Morgan Stanley Asia Ltd, the globally leading financial services corporation.
According to the specialised analysts, Studio City casino’s EBITDA (before interest, taxation, depreciation and amortisation) is estimated in US$253 million during the first weeks of the current year. Furthermore, the financial experts assured that operators will perceive a “continued improvement” throughout 2017.
The EBITDA “should grow faster than the market in 2017, driven by management change and addition of VIP business in November 2016,” stated Morgan Stanley Asia Ltd’s forecasters Praveen Choudhary and Alex Poon. The analysts also commented that Studio City would probably experience a record gross revenue of US$1.28 billion during this year.