Altira Macau

Melco Announces Unaudited Third Quarter 2023 Earnings

Retrieved on: 
Tuesday, November 7, 2023

Melco generated Adjusted Property EBITDA(1) of US$280.6 million in the third quarter of 2023, compared with negative Adjusted Property EBITDA of US$34.9 million in the third quarter of 2022.

Key Points: 
  • Melco generated Adjusted Property EBITDA(1) of US$280.6 million in the third quarter of 2023, compared with negative Adjusted Property EBITDA of US$34.9 million in the third quarter of 2022.
  • Rolling chip volume was US$4.43 billion for the third quarter of 2023 versus US$332.2 million in the third quarter of 2022.
  • The rolling chip win rate was 2.48% in the third quarter of 2023 versus 4.53% in the third quarter of 2022.
  • The mass market table games hold percentage was 32.1% in the third quarter of 2023, compared with 28.6% in the third quarter of 2022.

Melco Announces Unaudited First Quarter 2023 Earnings

Retrieved on: 
Wednesday, May 10, 2023

Melco generated Adjusted Property EBITDA(1) of US$190.8 million in the first quarter of 2023, compared with Adjusted Property EBITDA of US$56.0 million in the first quarter of 2022.

Key Points: 
  • Melco generated Adjusted Property EBITDA(1) of US$190.8 million in the first quarter of 2023, compared with Adjusted Property EBITDA of US$56.0 million in the first quarter of 2022.
  • Adjusted Property EBITDA at City of Dreams Manila for the first quarter of 2023 surpassed that of the first quarter of 2019.
  • Rolling chip volume was US$4.04 billion for the first quarter of 2023 versus US$2.45 billion in the first quarter of 2022.
  • The rolling chip win rate was 2.41% in the first quarter of 2023 versus 3.93% in the first quarter of 2022.

Melco honored with Macau’s top result – receiving seven stars in MICHELIN Guide Hong Kong Macau 2023

Retrieved on: 
Wednesday, April 26, 2023

MACAU, April 26, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has once more been honored by MICHELIN Guide Hong Kong Macau 2023 with a collective total of seven stars for four of its signature restaurants located across City of Dreams, Studio City and Altira Macau.

Key Points: 
  • MACAU, April 26, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has once more been honored by MICHELIN Guide Hong Kong Macau 2023 with a collective total of seven stars for four of its signature restaurants located across City of Dreams, Studio City and Altira Macau.
  • Melco’s Cantonese restaurants Pearl Dragon at Studio City and Ying at Altira Macau have each been awarded one Michelin-star.
  • Mr. Lawrence Ho, Melco’s Chairman and Chief Executive Officer, said, “We are honored to receive this wonderful recognition from MICHELIN Guide Hong Kong Macau.
  • Honors and awards include:
    Black Pearl Restaurant Guide 2018, 2020 – 2023 (Three Diamonds)
    Awarded two Michelin stars, Alain Ducasse at Morpheus redefines French gastronomy with a contemporary vision.

Melco Announces Unaudited Fourth Quarter 2022 Earnings

Retrieved on: 
Wednesday, March 1, 2023

Melco generated negative Adjusted Property EBITDA(1) of US$6.8 million in the fourth quarter of 2022, compared with Adjusted Property EBITDA of US$94.0 million in the fourth quarter of 2021.

Key Points: 
  • Melco generated negative Adjusted Property EBITDA(1) of US$6.8 million in the fourth quarter of 2022, compared with Adjusted Property EBITDA of US$94.0 million in the fourth quarter of 2021.
  • Rolling chip volume was US$850.4 million for the fourth quarter of 2022 versus US$3.12 billion in the fourth quarter of 2021.
  • The rolling chip win rate was 4.47% in the fourth quarter of 2022 versus 1.68% in the fourth quarter of 2021.
  • The gaming machine win rate was 4.5% in the fourth quarter of 2022 versus 3.6% in the fourth quarter of 2021.

Melco garners 97 Stars in 2023 Forbes Travel Guide – maintaining lead among Macau and Asia’s integrated resorts

Retrieved on: 
Wednesday, February 15, 2023

MACAU, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded a collective total of 97 Stars by 2023 Forbes Travel Guide (FTG), maintaining its lead among Macau and Asia’s integrated resorts.

Key Points: 
  • MACAU, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded a collective total of 97 Stars by 2023 Forbes Travel Guide (FTG), maintaining its lead among Macau and Asia’s integrated resorts.
  • FTG honored Melco with a total of 17 Five-Star awards across the Company’s property portfolio that includes City of Dreams, Studio City, Altira Macau and City of Dreams Manila.
  • Markedly, Altira Macau celebrates its 14th successive year as FTG Five-Star award recipient across both Hotel and Spa categories.
  • Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco, said, "We thank FTG sincerely for the honors.

Altira Participates in FlexGen Power Systems’ $100-Million Series C Round

Retrieved on: 
Tuesday, July 26, 2022

Altira Group LLC , (Altira) an energy venture capital firm headquartered in Denver, today announced its participation in the recent Series C multi-investor funding round for its North Carolina-based portfolio company FlexGen Power Systems, Inc. (FlexGen).

Key Points: 
  • Altira Group LLC , (Altira) an energy venture capital firm headquartered in Denver, today announced its participation in the recent Series C multi-investor funding round for its North Carolina-based portfolio company FlexGen Power Systems, Inc. (FlexGen).
  • FlexGen is a leading integration and software technology provider that delivers utility-scale energy storage projects integrated with traditional and renewable power generation.
  • Since leading the Series A investment in FlexGen in 2015, we have watched the company mature into a cutting-edge energy storage leader, said Dirk McDermott, partner at Altira Group and FlexGen board member.
  • Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally.

Altira Portfolio Company ThoughtTrace Purchased by Thomson Reuters

Retrieved on: 
Tuesday, May 10, 2022

Altira Group LLC , (Altira) an energy technology-focused venture capital firm headquartered in Denver, today announced the sale of its Houston-based portfolio company ThoughtTrace, Inc. (ThoughtTrace) to Thomson Reuters (NYSE: TRI), a leader in business information services and content-driven technology.

Key Points: 
  • Altira Group LLC , (Altira) an energy technology-focused venture capital firm headquartered in Denver, today announced the sale of its Houston-based portfolio company ThoughtTrace, Inc. (ThoughtTrace) to Thomson Reuters (NYSE: TRI), a leader in business information services and content-driven technology.
  • The ThoughtTrace platform allows users to pinpoint specific obligations and considerations across thousands of documents in minutes.
  • Cooley and Kastner Gravelle served as legal counsel for Altira Group and ThoughtTrace, respectively, for this transaction.
  • Prior to its sale to Thomson Reuters, ThoughtTrace, Inc. was backed by the Altira Group .

Melco achieves top result in Macau with seven Michelin-stars honored by Michelin Guide Hong Kong Macau 2022

Retrieved on: 
Wednesday, January 19, 2022

MACAU, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been honored by Michelin Guide Hong Kong Macau 2022 with seven-Michelin stars for four signature restaurants located across its properties City of Dreams, Studio City and Altira Macau.

Key Points: 
  • MACAU, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been honored by Michelin Guide Hong Kong Macau 2022 with seven-Michelin stars for four signature restaurants located across its properties City of Dreams, Studio City and Altira Macau.
  • The Michelin Guide Hong Kong Macau 2022 Star Revelation ceremony took place today; awarding Melco restaurants with the following star ratings:
    Three Michelin-starred Cantonese restaurant Jade Dragon showcases exquisite culinary masterpieces created with the freshest seasonal ingredients and delectable delicacies.
  • With spectacular designer dcor and superlative personalized service, Jade Dragon sets the benchmark for fine dining in Macau.
  • The Company currently operates Altira Macau ( www.altiramacau.com ), an integrated resort located at Taipa, Macau and City of Dreams ( www.cityofdreamsmacau.com ), an integrated resort located in Cotai, Macau.

Increase Number of Sports Leagues and Events Fueling Booming Demand for Online Sports Wagering

Retrieved on: 
Tuesday, November 9, 2021

Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting.Additionally, the increase in the number of sports leagues and events is fueling the demand for sports betting among millennials and elder people around the world.

Key Points: 
  • Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting.Additionally, the increase in the number of sports leagues and events is fueling the demand for sports betting among millennials and elder people around the world.
  • The online segment is expected to witness the fastest growth over the forecast period.
  • Factors such as the growing number of people betting on sports events, such as cricket, hockey, football, and basketball, are driving the market in this region.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Increase Number of Sports Leagues and Events Fueling Booming Demand for Online Sports Wagering

Retrieved on: 
Tuesday, November 9, 2021

Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting.Additionally, the increase in the number of sports leagues and events is fueling the demand for sports betting among millennials and elder people around the world.

Key Points: 
  • Factors such as the penetration of connected devices, changing regulatory landscape of the overall gambling industry, and growing digital infrastructure are fueling the demand for sports betting.Additionally, the increase in the number of sports leagues and events is fueling the demand for sports betting among millennials and elder people around the world.
  • The online segment is expected to witness the fastest growth over the forecast period.
  • Factors such as the growing number of people betting on sports events, such as cricket, hockey, football, and basketball, are driving the market in this region.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.