Communications and Entertainment Limited

Studio City International Holdings Limited Announces Unaudited Third Quarter 2023 Earnings

Retrieved on:

Tuesday, November 7, 2023

Adjustment, Relaxation, NYSE, Tax, EBITDA, GAAP, Bank statement, Nature, MSC, COVID-19, Annual report, Depreciation, Capital expenditure, Communications and Entertainment Limited, Casino, Video game

MACAU, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the third quarter of 2023.

Key Points:

MACAU, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the third quarter of 2023.
Studio City Casino’s rolling chip volume was US$713.6 million in the third quarter of 2023 versus US$42.1 million in the third quarter of 2022.
Total non-gaming revenues at Studio City for the third quarter of 2023 were US$89.0 million, compared with US$15.4 million for the third quarter of 2022.
Net loss attributable to Studio City International Holdings Limited for the third quarter of 2023 was US$28.4 million, compared with net loss attributable to Studio City International Holdings Limited of US$85.2 million in the third quarter of 2022.

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 Earnings Release Date

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Wednesday, November 1, 2023

Online, Republic, COVID-19, Annual report, Communications and Entertainment Limited

To join the conference call, please register in advance using the below Online Registration Link.

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To join the conference call, please register in advance using the below Online Registration Link.
Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference.
This press release contains forward-looking statements.
All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

Melco Announces Earnings Release Date

Retrieved on:

Friday, July 28, 2023

Online, Communications and Entertainment Limited, COVID-19, Republic, Annual report

To join the conference call, please register in advance using the below Online Registration Link.

Key Points:

To join the conference call, please register in advance using the below Online Registration Link.
Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference.
This press release contains forward-looking statements.
All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.

RTE Executes Acquisition Agreement with Galaxy Racer

Retrieved on:

Friday, July 14, 2023

Music, Communications and Entertainment Limited, Virgin Islands, British Virgin Islands, MSM, Esports, RTE, Transaction, Sport, La Liga, Film industry, Celestial

Dubai, United Arab Emirates--(Newsfile Corp. - July 14, 2023) - MSM Corporation International Limited ("MSM") and wholly owned subsidiary, Riva Technology and Entertainment Limited (RTE) are pleased to announce the signing of an implementation agreement pursuant to which RTE will acquire the remaining securities it does not already own in Galaxy Racer Holdings Limited (GXR), an eSports, content creators, music, and sports powerhouse incorporated in the British Virgin Islands (the "Transaction"). This strategic union marks a pivotal step for both companies as they seek to combine their strengths and resources to drive the success of Celestial, with an ambitious initiative aimed at establishing a dominant media and sports conglomerate, initially focused on the MENA region and Indian sub-continent.

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Notably, GXR recently unveiled a groundbreaking joint venture with LaLiga, set to revolutionize the sports media rights industry within the MENA region and Indian sub-continent.
Completion of the Transaction is subject to satisfaction of the conditions.
The MSM and RTE Boards have implemented appropriate protocols to manage the Transaction on the basis Mr Paul Roy is the sole director of Galaxy Racer Holdings Limited.
Subject to the conditions precedent being fulfilled, MSM expects to complete the Transaction by 31 August 2023.

MSM: RTE Announces Merger with Galaxy Racer, New Holding Company to Be Rebranded as Celestial

Retrieved on:

Friday, May 19, 2023

Music, Communications and Entertainment Limited, MSM, Esports, RTE, IP, Acquisition, Transaction, Sport, Growth, Zawar Farid, La Liga, Entertainment, Video game, Celestial

Dubai, United Arab Emirates--(Newsfile Corp. - May 19, 2023) - MSM Corporation International Limited ("MSM" or the "Company") is pleased to announce the acquisition by its wholly owned subsidiary, Riva Technology and Entertainment Limited (RTE), of the remaining securities it does not already own in Galaxy Racer Holdings Limited (GXR), an eSports, content creators, music, and sports powerhouse (the "Transaction"). This strategic union marks a pivotal step for both companies as they seek to combine their strengths and resources to drive the success of Celestial, a newly incorporated holding company with an ambitious initiative aimed at establishing a dominant media and sports conglomerate, initially focused on the MENA region and Indian sub-continent.

Key Points:

RTE has entered into a non-binding term sheet to acquire the remaining securities it does not already currently own in GXR.
New holding company to be branded 'Celestial', with a focus on creating a media and sports conglomerate, initially targeted at the MENA region and the Indian sub-continent.
Antoine Massad, MSM Chairman, highlights the significance of this merger, stating, "This Transaction marks a momentous milestone in our journey.
The rebranded holding company shall set its sights on spearheading innovation, engaging audiences, and leaving an indelible mark on the rapidly evolving landscape."

Melco announces City of Dreams Mediterranean is to open in Limassol, Cyprus on July 10, 2023

Retrieved on:

Friday, May 12, 2023

LIMASSOL, Cyprus, May 12, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is pleased to announce City of Dreams Mediterranean will open on Monday, July 10, 2023. Bringing a one-of-a-kind development to Cyprus, City of Dreams Mediterranean is the first integrated resort in Europe, showcasing an unparalleled array of offerings, including Europe’s grandest casino, fine dining, extensive entertainment, and the biggest expo center in Cyprus.

Key Points:

LIMASSOL, Cyprus, May 12, 2023 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment is pleased to announce City of Dreams Mediterranean will open on Monday, July 10, 2023.
Mr. Grant Johnson, General Manager of City of Dreams Mediterranean, commented: “We are thrilled to finally open the doors of City of Dreams Mediterranean to our valued guests.
Located on the Mediterranean island of Cyprus, minutes from Limassol’s vibrant city center, City of Dreams Mediterranean comprises 500 stylish guest rooms and suites, including the largest Presidential Suite on the island.
The first development in Cyprus to achieve a BREEAM Excellent rating at its design stage, City of Dreams Mediterranean also has sustainability at the fore.

Studio City International Holdings Limited Announces Unaudited First Quarter 2023 Earnings

Retrieved on:

Wednesday, May 10, 2023

Capital expenditure, Communications and Entertainment Limited, Bank statement, COVID-19, Tax, GAAP, MSC, EBITDA, Depreciation, Nature, Annual report, Relaxation, Adjustment, NYSE, Casino, Video game

MACAU, May 10, 2023 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the first quarter of 2023.

Key Points:

MACAU, May 10, 2023 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the first quarter of 2023.
Studio City Casino’s rolling chip volume was US$718.5 million in the first quarter of 2023 versus US$439.3 million in the first quarter of 2022.
Total non-gaming revenues at Studio City for the first quarter of 2023 were US$32.7 million, compared with US$20.6 million for the first quarter of 2022.
Net loss attributable to Studio City International Holdings Limited for the first quarter of 2023 was US$38.0 million, compared with net loss attributable to Studio City International Holdings Limited of US$70.2 million in the first 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 Announces Earnings Release Date

Retrieved on:

Thursday, May 4, 2023

Online, Communications and Entertainment Limited, COVID-19, Republic, Annual report

To join the conference call, please register in advance using the below Online Registration Link.

Key Points:

To join the conference call, please register in advance using the below Online Registration Link.
Upon registering, each participant will receive the dial-in numbers and a unique Personal PIN which can be used to join the conference.
This press release contains forward-looking statements.
All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.