Studio City International Holdings (MSC) has released an update.
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Studio City International Holdings Limited reported a notable increase in revenue for the third quarter of 2024, driven by a surge in Macau’s inbound tourism and the expansion of its operations following the opening of Studio City Phase 2. The company’s total operating revenues rose to $174.6 million from $137.6 million in the same period last year, with significant contributions from both casino and non-gaming sectors. Despite a reduction in net loss, overall financial performance was weighed down by substantial operating costs and interest expenses.
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