Studio City International Holdings (MSC) has released an update.
Studio City International Holdings reported a substantial increase in operating revenues to $161.5 million in Q2 2024, up from $115.2 million the previous year, largely due to a recovery in Macau’s tourism and the successful opening of Studio City Phase 2. The company saw a significant rise in gaming revenues, including a higher rolling chip win rate and mass market table games drop, yet reported a net loss of $33.4 million, an improvement over the $48.5 million loss in Q2 2023. Despite this, the company reduced its total debt by $100 million and recorded higher Adjusted EBITDA of $54.2 million.
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